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  • Where can I find a beginner's economic course that is both free and of high quality? Common $ense Economics is a free, 6-week, Massive Open Online Course (MOOC).  It covers scarcity, gains from trade, marginal decision-making, supply and demand, profits and losses, sources of economic growth, the invisible hand, the rule of law, private ownership, competition, monetary stability, low taxes, open trade, the Role of Government, and practical personal finance.

    • Where can I find a free introductory economic course online?
    • What key economic principles does it cover?
    • How are the course modules structured?
    • Who wrote the course and how experienced are they?
    • What do other teachers and students say about this course?
    • What books or materials does it use? Do I have to buy the book? (No)
  Dishes  - Course Structure, Concepts
  • Dish 1 : Preview: Free online course helps anyone learn sound economic principles |

  • A new free “Massive Open Online Course” (MOOC) in economics is being offered by Common$ense Education, a nonprofit “dedicated to enhancing learning by creating and offering high quality, online, multimedia courses to students of all ages.” Based on the book Common Sense Economics: What Everyone Should Know about Wealth and Prosperity by free-market economists James Gwartney, Richard Stroup, and Dwight Lee, the course aims to use an integrated learning management system of videos, audio, reading, and discussion board participation in order to help participants gain expertise in understanding economics and mastering economic reasoning skills.

    "This Massive Open Online Course (MOOC) is an abridged version of the full length Common Sense Economics for Life course. We estimate that you can complete the MOOC in approximately 12 hours. It is designed for individuals who want to learn economics quickly. All of the videos, readings, audios, and other materials needed for the MOOC can be accessed within Canvas. The Common Sense Economics readings are substantially condensed."

  • A grounding in basic economic thought and concepts is one of the most important factors in fostering a citizenry that can make careful, prudent decisions and hold their elected officials accountable. Sadly, economic education is too often missing from school curricula, leaving generations of graduates without the intellectual tools they need to understand how markets work.
  • Dish 2 : Introduction - Common $ense Economics MOOC |

  • Learning economics through short video clips, classic readings, podcasts, and innovative assignments makes learning the science of choice fun, exciting and relevant.

    The “read, watch, listen, and do” approach is used to make learning both engaging and effective. The reading assignments are compact and the videos, podcasts, and assignments re-enforce each other in a manner that assures mastery of key learning objectives in economics and personal finance. Even if this is your first online course, you will find this one informative and user-friendly.

    The Stavros Center for Economic Education of Florida State University and the Center for Economic Education and Entrepreneurship of Northern Michigan University have teamed up to offer these 6-week, cutting-edge, online course in economics and personal finance throughout the year.

    • Who can sign up?
    • What prior knowledge is required?
    • What will I learn in this course?
    • Will I receive a certificate or course credit?

    Students you have two ways to enjoy learning economics. The six week MOOC or plunge in to the full fifteen week, semester long course.

  • Dish 3 : PDF: Overview: STRUCTURE OF EACH MODULE |

  • The course package is segmented into modules, which provide instructors with flexibility. The pattern of each module is the same, which makes it easier for students to complete their assignments and do well in the course. Each module has the following structure:

    • Key concepts of the module. 
    • Pre-learning questions.
    • Text reading and related video and audio assignments.
    • PowerPoint slides.
    • Homework assignments.
    • Quizzes and exams.
    • Re-evaluation of initial response to opening question.
    • Introduction to the next module.
  • Dish 4 : PDF: About the Course and Electronic Package |


    • Part I - Twelve Key Elements of Economics
    • Part II - Seven Major Sources of Economic Progress
    • Part III - Economic Progress and the Role of Government
    • Part IV - Twelve Key Elements of Practical Personal Finance


    • Both market and political allocation of resources.
    • Why some economies grow while others stagnate.
    • The relationship between sound personal choices today and succes in the future.

  Chops  - Authors, Testimonials, Book
  • Chop 2 : PDF: Testimonials from Teachers and Students |

  • .. You have excellent teaching methods. I’m really impressed. You have opened my eyes to things I would have never looked at before. You’ve taught me so much that—I feel educated...sometimes the book will give an example but an additional resource like the videos helps to further explain—in a different way. ...

    I have been using C$E for two years now and I absolutely love it. The book is written at a level that is attainable for most 11th and 12th graders ...

    Things are going great and I only brag about how wonderful your materials are for Econ and Personal Finance. They have brought my students’ scores up by almost 15% so I am very pleased!  ...

    Teaching with the Common $ense Economics curriculum this semester has reinvigorated my teaching and has been all I expected it would be and more. 

  • Chop 4 : Book - Common Sense Economics (2010) |

  • The latest book edition of Common Sense Economics (2010) was released for classroom use on August 3rd, 2010. Currently, work on the next edition is underway.
    While the organization of the book will remain largely unchanged, the data will be updated and the examples refreshed. Tawni Ferrarini of the Northern Michigan University continues to work with James Gwartney, Rick Stroup, and Dwight Lee on the author team.

    (Note: This massive open online course (MOOC) is developed around the book Common Sense Economics (St. Martin’s Press, 2010) (Links to an external site.) coauthored by James Gwartney, Richard Stroup, Dwight Lee, and Tawni Ferrarini. Excerpts from this book encompass the primary reading material for this course. While individuals taking this MOOC are not required to purchase the book, it does provide additional breadth and depth beyond the coverage of this MOOC. Individuals developing a strong interest in economics may want to obtain the book. It is easily understandable and economical. It is available from both Barnes and Noble (Links to an external site.) and Amazon (Links to an external site.) for approximately $15 and in digital form for around $10.)

  • Chop 5 : Excerpts From the Book |

  • The following excerpts highlight some of the key points covered by the book...

    • From the preface
    • Incentives
    • Gains from trade
    • Profits and losses
    • Source of income
    • The invisible hand
    • Why nations prosper
    • Private ownership and economic progress
    • The role of competition
    • Monetary stability
    • Trade, jobs, and income levels
    • Government and economic progress
    • The ordinary investor and stocks
    • Economics and the operation of government
    • Voting and the political process
    • Subsidies, transfers, and wealth creation
    • Competition and government
    • Government and Prosperity
    • Choosing your work activity
    • Economics and financial planning
    • Entrepreneurship and financial success
    • Use of credit cards
    • Compound interest and the cost of smoking
    • Do not put all of your eggs in one basket
  References and More

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Language: EnglishThis course is owned by Rothy
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