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  [321] Austrian EconomicsInstructor: Kathleen Steed-Luick
Grades: 7th to AdultRoom: Pending
Year: 2019Time: 12:30 PM
Class Size: 3 to 15Prerequisites: None.
Tuition: $22.00 per 4-Class SessionDuration: 1 hour
Student Provided Materials: Acquire the texts: "Economics In One Lesson" by Henry Hazlitt: the 1978 version is available for free at: and "Lessons for the Young Economist" (2011) by Robert Murphy: a free pdf file download at: or used print copies may be purchased on Amazon for around $10. Links will be provided weekly for supplemental online materials.
One Time Cost (to teacher) $0.00Cost Description:
Homework: Homework will primarily consist of weekly reading assignments with written questions to facilitate in class discussions. Approximately 4-5 hours of homework per week.
Skills: Reading at or above a high school level, ability to copy from the board and take notes, commitment to read 20-30 pages per week and complete written assignments, willingness to read aloud, work at the board and participate in class activities and discussions. Access to and ability to use a word processor for writing assignments
Class Description: Austrian Economics emphasizes analysis of individual behavior and societal actions on long-term economic consequences on society at large rather than focusing on short term consequences to one small group in society. See also: "Economics In One Lesson" encourages the student to look for the lost benefit and the unintended consequence. Hazlitt derives much of his theory from the economist Claude Frederic Bastiat (1801-1850) to look for: "What is seen and what is not seen." "Lessons for the Young Economist" was written by Robert Murphy, a graduate of Hillsdale College. The book presents traditional economic theory from an Austrian School perspective in an engaging style for high school students. On occasion, we will use supplemental online videos and articles to aid comprehension and retention of material. At the end of the school year students will participate in a competitive online Virtual Stock Market Game and report on their experience. Final consists of an online quiz through Quizlet.