Udemy – The Economic Way of Thinking 2022-2

Published on: 2024-07-18 21:13:39

Categories: 28

Descriptions

The Economic Way of Thinking, Economics is about choices and trade-offs in a world of scarcity. This course will help you understand the economic way of thinking at a deep level, with an emphasis on human action and choice and with an ethical underpinning. The mainstream view will be challenged through the lens of Austrian and Public Choice economic theories. An economic decision is any choice that involves perceived costs and benefits of any kind (not only of the financial kind) which may accrue to ourselves or to others. As such we are all economic actors and must make economic choices on a daily basis. As ethically aware people, we must examine our choices carefully, in line with our guiding values. As economists, we must examine the secondary and unintended consequences of any action, not just good intentions.

The course is suitable for students wanting to progress in economics, or for anybody who wants to understand the economic way of thinking, for use in private and professional life. This series is produced especially for video, and consists of 12 sessions, each divided into between 4 to 8 modules. The course was developed for use in a first year, one semester principles of economics unit. The companion text book is Heyne, Boettke and Prychitko (2014) The Economic Way of Thinking 13e, published by Pearson Education. The text is not essential but is a useful resource.

What you’ll learn

Understand the economic way of thinking
Progress to higher level study of economics
Understand concepts such as marginal benefits and costs, and how markets and government work
Critically analyse and create economic policy
Develop insights into key economic debates, including Austrian and Public Choice criticism of mainstream economics
Understand the moral and ethical component of economic decision making

Who this course is for

Students who want to learn principles of economics at university level
People who want a different perspective on economics, emphasizing the role of entrepreneurship and free voluntary interaction between people
Home educated students

Specificatoin of The Economic Way of Thinking

Publisher : Udemy
Teacher : Mark Hornshaw
Language : English
Level : All Levels
Number of Course : 68
Duration : 17 hours and 55 minutes

Content of The Economic Way of Thinking

The Economic Way of Thinking

Requirements

You need to be able to devote time to study economics – about 12 hours of lectures plus supplementary reading and external video links
You need an inquisitive nature and the ability to examine logical arguments; don’t expect lists of definitions