Economic Theories
Originating in the late 18th and early 19th century, this theory emphasizes free markets, competition, and the idea that the economy is self-regulating. Key figures include Adam Smith and David Ricardo.
Double Jeopardy!
Classical Economics
What is Baby step 1?
Save $1,000 for Your Starter Emergency Fund
The Biblical scripture that says "It is more blessed to give than to receive" leads us to be more
Generosity and Charity
Who wrote Wealth of Nations?
Adam Smith
These invest primarily in stocks and are categorized based on the size of the companies (large-cap, mid-cap, small-cap), the investment style (growth vs. value), or specific sectors
Equity Funds
This Theory suggests that active government intervention is necessary to manage economic cycles. It emphasizes the role of aggregate demand in influencing economic output and employment.
Keynesian Economics
What is Baby Step 3?
Double Jeopardy
Save 3-6 Months of Expenses in a Fully Funded Emergency Fund
The Biblical scripture "A false balance is abomination to the Lord: but a just weight is his delight" leads us to have
Honesty and Integrity
According to Adam Smith, What is the Main Goal for a worker?
To get paid as much as possible
Focused on bonds or other debt securities, these funds aim to provide regular income with lower risk than equity funds.
Fixed-Income Funds
Led by Milton Friedman, this theory highlights the role of government in controlling the amount of money in circulation. It argues that managing the money supply is the key to controlling inflation.
Monetarism
What is Baby step 5?
Save for Your Children's College Fund
The Biblical scripture of "The borrower is servant to the lender." leads us to
Double Jeopardy
Avoid Debt
According to Adam Smith, The Factory owner wants to...
Pay as little as possible to the workers
Also known as hybrid funds, these invest in a mix of equities and fixed-income securities to balance risk and return.
Balanced Funds
Focuses on boosting economic growth by increasing the supply of goods and services. It advocates for tax cuts and deregulation to incentivize business investment.
Supply-Side Economics
What is Baby step 7?
Build Wealth and Give
The Bible emphasizes the importance of managing resources wisely what is this called?
Stewardship
According to Adam Smith, Labor will be divided by ....
Double Jeopardy
Specific Talents
Designed to replicate the performance of a specific index (like the S&P 500), these typically have lower expenses and passive management
Index Funds
it critiques capitalism and focuses on the role of labor in the production processes. It emphasizes the conflicts between capitalists and the working class.
Marxist Economics
What is Baby step 2?
Pay Off All Debt
What is widely known as the "The root of all evil"
Greed
According to Adam Smith, if a man really wants to acquire something they would have to.....
Analysis the toil and trouble of acquiring i
Invest in short-term, high-quality debt instruments and are considered low-risk, aiming to provide liquidity with modest returns
Money Market Funds