Introduction to Austrian Economics

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

Instructor:

Jonathan Newman

200 students enrolled

English [Auto]

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

The Austrian Method

1

Introduction

Video lesson

Subjective Value

Production

Exchange

Money and Banking

Time Preference and Interest

Conclusion: Two Applications

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

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!

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