4.65 out of 5
4.65
34 reviews on Udemy

Of Markets & Men:A Visual Introduction to Austrian Economics

The study of real choices made by real people as the only way to make economic sense of the world in which we live.
Instructor:
Fast Uptake
204 students enrolled
English [Auto-generated]
Understand human behavior as it relates to economics
Apply understanding to your own life
Enjoy and understand economics more than you ever expected

If you want to better understand human behavior and the economic consequences of it, or if you want to take more control of decisions in your own life, you should have a solid understanding of economics.

Human beings are not robots or mindless automatons, and thus our behaviors cannot be predicted with mathematical formulas, so methods of physical sciences are not appropriate to explain human activity. That is why your previous economic study was probably meaningless to you and why you might run away from this subject like a building on fire.

In contrast, Austrian economics fits nicely with common sense and the reality of everyday human behavior on the ground, and it is easy for the average person to understand. Conventional economics deals much more in the abstract and artificial, and only is meaningful to advanced practitioners. If economics is the study of human behavior, what kind of economics can’t be understood by the average person?

Correct choices taken in the real world are important to your well-being, and when you finally understand proper economic principles, the world will make more sense to you in an exhilarating way. You will see things more clearly and think more independently.

In these times, economic understanding is more important than ever and knowing how things really work is priceless. That's why this course is packed with value.

It features 30 video lessons of 5-8 minutes, presented in compelling and informative visual style. You can finish the course material in about 3 hours, and at the end there is a comprehensive and challenging quiz (100 questions) to test your grasp of the material.

The instructor welcomes questions and feedback from students.

Foundations

1
Reality and reason
2
Self-ownership
3
Do no harm: non-aggression
4
Scarcity
5
Property rights
6
The rule of law

Fundamentals

1
Liberty and the market economy
2
Studying economics
3
Subjective value
4
Action
5
Marginal utility
6
Social cooperation (part 1)
7
Social cooperation (part 2)
8
Social cooperation (part 3)
9
Indirect exchange
10
Money
11
Prices (part 1)
12
Prices (part 2)
13
Production and consumption
14
Time Preference
15
Savings
16
Capital structure
17
Banking
18
Reaction to fractional reserve banking
19
Interest, the interest rate, and the capitalist
20
Resource maximization
21
The entrepreneur: anticipate and build
22
The entrepreneur: profit & loss
23
The laborer
24
Summary
25
Final Exam
26
Lesson Materials (30 page PDF)
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
4.7
4.7 out of 5
34 Ratings

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Includes

3 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion

Previously on Educor

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