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  • "Principles of Economics" is an introductory economic course, taught by Robert P. Murphy. The text book, also by Murphy, is Lessons for the Young Economist. Robert Murphy teaches and writes from the perspective of Austrian economics, and is lively, logical, and organized. The course is offered by Mises Academy as an independent study course, at a discount price of $69, and offers 8 recorded lectures, free reading materials, slides, quizzes, and certificate of participation. 

    • To outline "Principles of Economics," an online independent study course offered by Mises Academy,
    • To link to the free text book Lessons for the Young Economist, and its various formats.
  • Dish 1 : Principles of Economics

  • Taught by Robert P. Murphy, this course consists of eight lectures of fantastic economics instruction starting from the ground up and utilizing Professor Murphy’s textbook Lessons for the Young Economist.

    Cost: $69   Length: 8 Lectures Format: Independent Study Status: Open for enrollment

    Independent study courses are courses that were presented live in the past. These courses are now offered at a discount to anyone who wants to study independently. All courses include lecture recordings, slides, a complete hyper-linked syllabus, automatically-graded quizzes, and a discussion forum. Professors are not available for academic support for these independent study courses.

    Topics covered in this course include:

    • Thinking Like an Economist
    • How We Develop Economic Principles
    • Economic Concepts Implied by Action
    • “Robinson Crusoe” Economics
    • The Institution of Private Property
    • Direct Exchange & Barter Prices
    • Indirect Exchange and the Appearance of Money
    • The Division of Labor & Specialization
    • Entrepreneurship & Competition
    • Income, Saving, and Investment
    • Supply & Demand
    • Price Control
    • Tariffs and Quotas
    • The Economics of Drug Prohibition
    • Inflation
  • Though the textbook was written with a high school student audience in mind, the course itself is ideal for anyone looking for a solid intellectual foundation in Austrian Economics. The goal is to present economics in the same way that it was presented to Mises, Hayek, and Rothbard early in their schooling in order to inspire a lifetime of understanding and scholarship.  No prior exposure to economic logic is required.

  • Chop 1 : Lessons for the Young Economist | Review, HTML and eBook versioin of textbook

  • This is the textbook Lessons for the Young Economist.View the Teachers Manual to Lessons for the Young Economist here.

    We are beyond mere excitement about Lessons for the Young Economist. It is easily the best introduction to economics for the young reader—because it covers both pure economic theory and also how markets work (the domain of most introductory books).

  • Robert Murphy has the right frame of mind and mastery of the subject matter to provide the best possible pedagogy. The logic is super clear. The organization is impeccable. It achieves a great balance between “plain old” economics and that aspect of economic thought that is considered particularly Austrian. Therefore, it prepares the student for both conventional economic studies in the future and provides the logical rigor and policy clarity that only the Austrian School perspect

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Language: EnglishThis course is owned by Rothy
By Rothy

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