Changes

Several key concepts will be introduced and discussed in this course that illustrate both a powerful economic meaning and a broader "life lesson."  Here are two examples in the form of Latin phrases:

Several key concepts will be introduced and discussed in this course that illustrate both a powerful economic meaning and a broader "life lesson."  Here are two examples in the form of Latin phrases:

*"caveat emptor," which has an economic meaning of "let the buyer beware" but is also useful in cautioning against participating in anything harmful such as drugs or pornography

*"caveat emptor," which has an economic meaning of "let the buyer beware" but is also useful in cautioning against participating in anything harmful such as drugs or pornography.  The term "caveat emptor" usually applies to a buyer of goods or services, but can also apply to beware against ideas.

*"carpe diem," which means "seize the day" and not waste a good opportunity.  The present time is worth far more than time in the future, when it is unknown what will be possible or even if the world will still exist as it does today.  The same principle of "carpe diem" can be seen in the Parable of the Talents (Mt 25:14-30) and the Parable of the Fig Tree (Luke 13:6-9) (the master gives the fig tree one more year to bear fruit, or else he'll chop it down)

*"carpe diem," which means "seize the day" and not waste a good opportunity.  The present time is worth far more than time in the future, when it is unknown what will be possible or even if the world will still exist as it does today.  The same principle of "carpe diem" can be seen in the Parable of the Talents (Mt 25:14-30) and the Parable of the Fig Tree (Luke 13:6-9) (the master gives the fig tree one more year to bear fruit, or else he'll chop it down)