Introduction to Austrian Economics
Learn the fundamental concepts of Austrian Economics and its application to socialism and business cycles in this beginner-friendly course.
What you’ll learn
- Human action, value, and prices
- The capital structure, production, and interest
- Two applications: socialism and Austrian Business Cycle Theory
“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
Who this course is for:
- Beginners who want a broad but easy introduction to Austrian Economics
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