Lessons for the Young Economist

Lessons for the Young Economist

# 018701

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Item #: 018701
ISBN: 9781933550886
Grades: 7-12

Category Description for Lessons for the Young Economist:

It's the young adult's duty to learn basic economics. Why? Because we live in a society with an activist government. Beyond that, it's an interesting study and will help you make decisions in your personal and professional life. If those sound like compelling reasons, then you're ready for this book. If you don't really understand those reasons, then you need this book. A beginning textbook for classical, Austrian economics, the course has four parts: foundations, an examination of Capitalism (a market economy), the theory and history of Socialism, and the realities of Interventionism (a mixed economy). The author considers these topics important and foundational even though they are not always covered in an economics text. However, along the way, all the topics you would expect are explored: economic thinking; private property; division of labor/specialization; entrepreneurship; income, savings, and investment; supply/demand; profit/loss accounting; stock market; price controls; taxes; inflation; government debt; and the business cycle. Each chapter concludes with a lesson recap, listing of new terms, and a set of study questions. There is an excellent glossary. 412 pgs, hc.

The Teacher's Manual follows the student text and features historical context, additional web links for the teacher, relationships between concepts in the text and terms found in mainstream economics textbooks, answers to the study questions, suggestions for additional study materials, sample tests and suggested activities.

The author wrote this program with junior high students in mind, but it is applicable for younger advanced students or even for adults who never got a solid grounding in free-market economic principles. ~ Janice




Primary Subject
History/Geography
Grade Start
7
Grade End
12
ISBN
9781933550886
Author
Dr. Robert Murphy
Format
Hardcover
Brand Name
Sheridan Publishing
Weight
3.05 (lbs.)
Dimensions
11.25" x 8.75" x 1.25"
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It is the required text for the economics class with Classical Historian
Lisa G on Aug 30, 2021
Co-op class
Victoria V on Jan 1, 2021
It is the required text for the economics class with Classical Historian
Lisa G on Aug 30, 2021
A PragerU recommendation from Prep
Robin H on Apr 18, 2021
Co-op class
Victoria V on Jan 1, 2021
This is where I found the best price for the book I was looking for. Thanks!
AnaCristina H on Aug 17, 2019
High school economics class
Ashley M on Aug 14, 2019
Looking for a good Economics course for high school.
Marilyn B on May 30, 2019
This book is being used in my son's high school Economics class in a classical program.
Gina S on Sep 20, 2018
required for a class
Jeanette C on Dec 17, 2017
To be used with Classical Historian curriculum. Well-written. Intended for Junior High students. I think the PDF version of this book is free to download.
Liru W on Oct 25, 2017
A PragerU recommendation from Prep
Robin H on Apr 18, 2021
This is where I found the best price for the book I was looking for. Thanks!
AnaCristina H on Aug 17, 2019
2.0 / 5.0
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Rated 2 out of 5
Eh, you can definitely find something better...
This book, based on the Austrian school of economic thought, is not written clinically (from a neutral perspective). The nature of Austrian economic beliefs seem highly biased and haughty to the point that considering an alternative perspective or strategy will ultimately result in a ruined economy. Clearly not true from the varied thriving economies around the US and the world. This book is something Ayn Rand would certainly celebrate. The flaw being that it does not grant the student a varied perspective of the field. Perhaps instead, purchase a text that examines multiple economic philosophies including the Austrian system.
January 29, 2021


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