Topic outline
Introduction to Economics
Introduction to Economics (3 credits)
Instructor: Dr. Lawrence Reed
Overview: This class teaches principles of the Austrian school of economics and applies these economic principles to practical entrepreneurship. This helps ministry-minded leaders to develop valuable skills for reaching more people for Christ and providing for their families.
Course Outcomes:- Apply Christian truths to economic issues and entrepreneurial calling.
- Know basic economic concepts of supply, demand, market, profit, loss, and incentive.
- Understand the role of freedom, personal character, and vocation in entrepreneurship.
- Identify economic models that hamper freedom and entrepreneurship.
- Discern and develop one’s own capacity for starting and growing a business.
Resources: This course features intellectual content from our partner, Foundation for Economic Education (FEE). Dr. Lawrence Reed is president of the Foundation for Economic Education (FEE). Materials compiled by: Marianna Brashear, Ruby Clohessy, Jason Riddle and William Smith.
This course also features videos and materials from the Acton Institute. The Acton Institute is a think-tank whose mission is to promote a free and virtuous society characterized by individual liberty and sustained by religious principles.
Assignments:- Read articles and listen to online video lectures for each unit.
- Take the online quiz for each unit. You will have 45 minutes to answer 20 multiple-choice questions for each quiz. Once a quiz starts, you must finish it and can't retake it. So be ready ahead of time. While taking the quiz, you may use your notes and refer to articles and other materials. Tip: First, answer all the questions you know. Then try to look up answers to questions you don't know. When you have entered an answer for every question, submit the quiz for grading before the 45-minute limit.
Grading Scale:
A 95-100% A- 90-94% B+ 87-89% B 83-86% B- 80-82% C+ 77-79% C 73-76% C- 70-72% D+ 67-69% D 63-66% D- 60-62% F 0-59%Your average grade for all assignments in the class must be at least 60%. Otherwise, you will fail the class and will receive no course credit.
Note: You have 180 days to complete the coursework. If you do not complete the course by the final deadline, you will be automatically unenrolled, all coursework will be removed, and you will have to start over. Please take this course very seriously. It is a gift to you by generous contributors and the staff of Christian Leaders Institute. This course was formerly called "Economics 101."
Day 1 - 10
Introduction to Economics
Day 11 - 20
What is Entrepreneurship?
Day 21 - 30
What Is the Entrepreneur’s Role in Creating Value?
Day 31 - 40
How Can Entrepreneurs Use Economics to Make Better Decisions?
Day 41 - 50
How Does Trade Create Wealth?
Day 51 - 60
What Do Profit and Loss Tell Us?
Day 61 - 70
What Institutional Factors Encourage Entrepreneurship?
Day 71 - 80
What Are the Links between Entrepreneurship, Personal Character, and Civil Society?
Day 81 - 90
How Do I Become an Entrepreneur?
Day 91 - 100
Going Deeper in Economic Thinking
Day 111 - 120
As you complete this tuition-free course, let's pray for and thank the Vision Partners! Their sacrificial giving supports these tuition-free courses so that those will little or no extra resources can access high-quality ministry training.
Important Voices in Economics
Day 121 - 150
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Day 151 - 180
The course has ended. Please make sure all quizzes have been completed. If your work is incomplete, it is considered a drop, and you will have to take the class again in order to receive credit.
Our staff will be using this time to review your work. Your grade should appear on your "My Home Page" in the "Course Overview" section. Please contact Helpdesk if you have any questions or did not receive your grade.