Introduction to Austrian Economics

Introduction to Austrian Economics

"People may disagree on the question of whether everybody ought to study economics seriously. But one thing is certain. A man who publicly talks or writes about the opposition between capitalism and socialism without having fully familiarized himself with all that economics has to say about these issues is an irresponsible babbler." - Ludwig von Mises

This course will introduce the fundamental concepts of Austrian Economics. At the end of the course, these fundamentals will be applied to socialism and business cycles. The Austrian critique of socialism and the Austrian Business Cycle Theory are two of the most important contributions of Austrian Economics.

Here are the steps to get there:

• The Austrian Method

• Human Action

• Subjective Value

• Production

• Exchange

• Money and Banking

• Time Preference and Interest

Learn the fundamentals of Austrian Economics and apply them to socialism and business cycles

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What you will learn

• Human action, value, and prices
• The capital structure, production, and interest
• Two applications: socialism and Austrian Business Cycle Theory

Rating: 4.9

Level: Beginner Level

Duration: 2.5 hours

Instructor: Jonathan Newman