ECO11: Principles of Economics I

This course is recommended as the first course to take on this website, and the foundation for the website’s curriculum. The course introduces the basic principles of economics as studied and explicated by the Austrian school.

Based primarily on Carl Menger’s  Principles of Economics, Ludwig von Mises’ Human Action, and Murray Rothbard’s Man, Economy, and State, this course covers the concepts of human action, scarcity, opportunity cost, time preference, capital, trade, money, and prices. You can see the full course syllabus here.

This course is taught through ten lectures and discussion sessions, lasting 1 hour each. Purchasing the course provides access to all these recorded lectures and seminars, in audio and video format, as well as detailed class notes. After purchasing the course, students are also welcome to join either of the two weekly live discussion seminars to discuss this material.

Course Content

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Introduction

Human Action
Time and Labor
Capital and Technology
Economic Exchange
Indirect Exchange
Prices and the Market Order
Profit and Loss
Violent Intervention
Economic Progress
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Course Includes

  • 20 Lessons
  • 41 Topics
  • 3 Quizzes