Economics & Government, The U.S. Constitution

ECONOMICS

1st Semester    (Richardson, Mon, 11:45 – 1:15;   and  Rowlett, Wed. 11:30 – 1:00)

Recommended by the Mises Institute and The Classical Historian, Lessons for the Young Economist by Robert P. Murphy, is considered by some as preparation for AP Economics exam or just “great economics for life, is easily the best introduction to economics because it prepares the student for both conventional economic studies in the future and provides the logical rigor and policy clarity that only the Austrian School perspective can offer.  It covers both pure economic theory and how markets work.  Robert Murphy has the right frame of mind and mastery of the subject matter.

  • The logic is super clear
  • The organization is impecable
  • Warm and engaging
  • Relentless fire
  • Anyone can enjoy this book
  • Any adult will love it
  • Strikingly original

Most texts are either too dry and technical.  This one is driven forward by intellectual passion born of love of the topic. It is written as though spoken, in his real voice, explaining everything point-by-point.

It is the product of vast experience and daily writing. This permits the voicing of the book to achieve a remarkable integration page to page, chapter to chapter. He draws from the whole history of the development of economics, yet this book will not be boring or useless even for people who think they already know the subject. Every page or two, there are fresh insights.  It has a much larger market than just high-school students!  

See syllabus below or the following link.  Scroll down to see the YouTube interview of the author.  https://mises.org/library/lessons-young-economist

Homework:  1.5 hours per week

Monthly Tuition:  $50

Material fee:  $20

Registration fee:  $40 

 

 

GOVERNMENT–2nd Semester

“Constitution 101:  The Meaning & History of the Constitution” (from Hillsdale College) 

This course introduces students to early American political thought and its crowning political achievement, the United States Constitution. Focusing on The Federalist Papers and other original source documents from the Founding period, students learn basic American political concepts such as natural rights, social compact theory, religious liberty and constitutional features such as limited government, separation of powers and the rule of law. By studying the Constitution, students will understand better the nature of political justice and the serious challenges, especially those represented by the Civil War and the rise of progressivism, in preserving “the American experiment of self-government under law.”

Hillsdale College President, Larry P. Arnn states,Our public education system has failed so miserably that millions of our young people are actually turning toward socialism and other failed political theories as acceptable forms of government.” 

Therefore the college is launching the largest, most ambitious mass education campaign in its history, to rescue our nation’s youth from our failed public educations system and to teach 100 million Americans about the urgent need to restore the Constitution.  Donations to the college appreciated to receive a free copy of the textbook.

Sample lecture:  https://online.hillsdale.edu/course/con-101/lecture-1/lecture

Enroll in on-line course:  http://info.hillsdale.edu/constitution_101_enroll

 

LECTURES (on-line, video or audio)

 

SAMPLE ONE-WEEK HOMEWORK

Lecture 4:  How Do Federal Agencies Evade the Constitution’s Separation of Powers? (26 minutes)

Readings from the U.S. Constitution, Hillsdale College Press

Discussion Questions

  • What was the prevailing view of the form or shape that republican government should take prior to the American Founding?
  • Why must consent be structured in a certain way to bring about a just political result?
  • How does separation of powers work to prevent tyranny and foster good government?

 Tuition:  $50

Homework:  2 hours

  • Weekly lecture on line, about 30 minute
  • Readings of primary source documents (about 25-30 pages)

Material fee: $20 for the semester

Registration fee: $40

 

 

TEXTBOOKS

Lessons for the Young Economist_Murphy

Lessons for the Young Economist

ISBN 9781933550886  (Amazon $25.00 or order from The Classical Historian)

The U.S. Constitution, edited by the Hillsdale College Politics Faculty, ISBN 978-091630836-0   $40.00,  or free with a contribution to Hillsdale College.  Primary source documents.   http://www.constitutionreader.com/reader.engz?doc=constitution

Economics Syllabus

(2 short chapters per week)

PART I:  FOUNDATIONS 

  1. Thinking Like an Economist: The Scope and Boundaries of Economic Science
  2. How We Develop Economic Principles, Purposeful Action versus Mindless, The Success of the Natural Sciences versus the Social Sciences
  3. Economic Concepts Implied By Action
  4. “Robinson Crusoe” Economics: Consumer Goods versus Producer Goods; Land, Labor, and Capital Goods; Income, Saving, and Investment

PART II:  CAPITALISM: THE MARKET ECONOMY

  1. The Institution of Private Property; Society Requires Rules Capitalism: This Is Private Property; The Market Economy and Free Enterprise
  2. Direct Exchange and Barter Prices
  3. Indirect Exchange and the Appearance of Money; The Limitations of Direct Exchange; The Advantages of Indirect Exchange; The Advantages of Money
  4. The Division of Labor and Specialization; Why Specialization Makes Labor More Productive ; Enriching Everyone By Focusing on Comparative Advantage
  5. Entrepreneurship and
  6. Income, Saving, and Investment
  7. Supply and Demand                                                              Profit and Loss
  8. Interest, Credit, and Debt                                                     The Stock Market

PART III: SOCIALISM: THE COMMAND ECONOMY

  1. Socialism—Theory
  2. Socialism—History

PART IV: INTERVENTIONISM: THE MIXED ECONOMY

  1. Price Controls
  2. Sales and Income Taxes; Government Spending
  3. Tariffs and Quotas
  4. The Economics of Drug Prohibition
  5. Inflation; How Governments Make Prices Rise; The Danger of Government Price Inflation
  6. Government Debt and Future Generations
  7. The Business Cycle; How Governments Cause the Business Cycle; Inevitable Bust Following an Artificial Boom; Causes of Mass Unemployment