In Josephs time, there was an economic principle of savings for downturns when cash flow could be

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In Joseph’s time, there was an economic principle of savings for downturns when cash flow could be reduced or even negative. In the downtimes, the resources were available to get through the recession/depression. For your initial post, consider commodity prices relating to global supply and global demand and the overall effect on wealth and respond to the following:

A general way that economists with the World Bank, IMF, WEF evaluate a nation’s greatness is looking at the incomes of the bottom 50% and the top 10% as well as how wealthy a nation is comparatively.

How do you think the USA measures in this regard versus Norway?

Compare and contrast how Norway invests for the general good and distributes economics versus pure capitalism?

How would Godly economics principles perhaps improve the USA’s score in this regard?

How does this perspective on economics differ from a more “worldly” perspective?

After you have posted initially, be sure to respond to your peers by asking questions, providing examples, and helping to continue the conversation.

When you think of the best person to rescue a nation and a people who comes to mind? Chances are you didn’t pick an ex-convict. But thank God that He doesn’t see the same way the world does (see 1 Sam 16:1-11). If God chose to use someone out of prison it is clear that the “best” in the eyes of the world is not always who God would select. Joseph was chosen because he was one of God’s faithful people. Still, it isn’t fair to say that Joseph was completely unqualified for the task. Joseph had developed skills of the lingua franca and currency, commerce, and resource management of the sophisticated Egyptian system, which he used to further God’s directives. For your initial post, consider your qualifications that you believe make you qualified to perform successfully in the world of finance and respond to the following:

What qualifies you to be successful in the field of finance?

How might God use your unique skills and experiences for a position?

How does this perspective on qualification differ from a more “worldly” perspective?

Continue to connect with your group as you dive deeper into the economic information for your country. The goal is to apply appropriate economics frameworks and tools to the identified issues stated previously. National governments measure things such as inflation, unemployment, wealth distribution, personal debt, public debt, household income in varying ways that are not always comparable. Based on your research and what we have learned about economics, develop and communicate the framework you will use for your nation. Some economists recommend using relative GDP per capita to compare nations. Also, consider such factors as personal borrowing within the proper context. For example, the Netherlands is a prosperous and industrious country by almost every view but personal indebtedness on home mortgages makes the average net worth per household look very modest. Part of this stems from the populations’ faith in real estate and the relative scarcity of real estate on supply-side and strong demand from the potential homeowners who harbor such faith in it.