RE

• When analysing markets, a range of assumptions are made about the rationality of economic agents involved in the transactions
• The Wealth of Nations was written

  1776
• Rational


  (in classical economic theory) economic agents are able to consider the outcome of their choices and recognise the net benefits of each one
• Rational agents will select the choice which presents the highest benefits
• Consumers act rationally by


  Maximising their utility
• Producers act rationally by

  Selling goods/services in a way that maximises their profits
• Workers act rationally by


  Balancing welfare at work with consideration of both pay and benefits
• Governments act rationally by


  Placing the interests of the people they serve first in order to maximise their welfare
• Rationality in classical economic theory is a flawed assumption as people usually don't act rationally
• Marginal utility

  The additional utility (satisfaction) gained from the consumption of an additional product
• If you add up marginal utility for each unit you get total utility
• Jesus called out with a loud voice, 'Father, into your hands I commit my spirit.' When he had said this, he breathed his last.: 'Luke 23:46 [NIV]'
• Surely this man was the Son of God!: 'Mark 15:39 [NIV]'
• Crucifixion


  1. Roman method of execution by which criminals were fixed to a cross. 2. the execution and death and Jesus on Good Friday.
• One of the most detailed stories from the whole of Jesus' life is the account of how he died. He was sentenced to death by Pontius Pilate, the Roman Governor, and his death was to be by crucifixion.
• Even though Christians believe that Jesus was the Son of God, it does not mean that he was in some way spared the pain and horror of his crucifixion. Not only was he fully God, he was also fully human, and had the same feelings as anybody else.
• According to Luke's version of the story, possibly told to him by people who were there, Jesus forgave the guards who crucified him because they did not realise the significance of what was going on. He also had conversations with the two men who were crucified with him, promising one of them that soon he would join God in paradise.
• One of the Roman centurions in charge of the crucifixion praised God and acknowledged that Jesus had been a righteous man who had done nothing to deserve being crucified.
• Resurrection

  Rising from the dead. Christians believe Jesus rose from the dead on Easter day.
• Ascension


  When Jesus returned to God in heaven 40 days after he resurrected.
• Heaven


  A place and state of eternal happiness and peace ruled over by God.
• The angel said to the women (Mary Magdalene), "Do not be afraid, for I know that you are looking for Jesus, who was crucified. He is not here; he has risen": 'Matthew 28: 5-6 (NIV)'
• When he had led them out to the vicinity of Bethany, he lifted up his hands and blessed them. While he was blessing them, he left them and was taken up into heaven: 'Luke 24: 50-51 (NIV)'
• After Jesus was crucified, his body was placed in a tomb, so he can be buried soon after. When some women went to bury the tomb more than a day later, they discovered that his body was missing. Jesus appeared after this in front of witnesses, and he told them that he rose from the dead.
• The story of the resurrection is described in four gospels (Matthew, Mark, Luke, John). The four stories all have similarities and differences in the story. All four say that Mary Magdalene was one of the women who discovered that the body was missing.
• Christians believe the resurrection shows the power of good over evil.
• Christians try to live life without the fear of death because they believe they will also resurrect after death and live an eternal life with Jesus
• Christians believe that Jesus died for everyone's sins to be forgiven and that his resurrections reassures them of this.
• Some Christians believe that if Jesus has the power of God to rise from the dead and resurrect, then he also has the power to physically leave earth and return to heaven – which is known as the ascension of Jesus.
• For Christians, the ascension shows that Jesus is with God and this is comforting for them in many ways.
• For Christians, the ascension is important and significant because it paves the way for the coming of the Holy Spirit to provide comfort and guidance.
• It reassures believers that they too will be united with God and Jesus in heaven.
• According to the New Testament, a man named Joseph was given permission by Pilate to have Jesus' body taken down from the cross and handed over to him for burial.
• Jesus was buried in a rock tomb, but the women who accompanied Joseph could not take care of the body because the Sabbath was about to start.
• The women returned as soon as it was light on the Sunday to do this work, only to discover that the stone was rolled to one side.
• The Gospels (Matthew, Mark, Luke and John) all agree that the body was no longer there and the women had been told that Jesus had risen.
• According to Mark, a young man in white told them this and said that they were to return to Galilee where they would meet the risen Jesus.
• John says she returned to the disciples and told them she had seen him.
• Matthew, Luke and John's Gospel give accounts of Jesus appearing during the next 40 days to his disciples and to other believers.
• The stories all emphasis the physical nature of Jesus' appearance (not just spirit)