Economics in One Day
An inspiring introduction to the principles of the market economy
Economics in One Day
Economics is not just dry, statistical analysis or complex mathematical models. It’s fun and inspiring. And since human choice is the starting point for all of economics, learning it should be relatable and intuitive.
FEE's Economics in One Day is both an in-person workshop and an online course, providing an inspiring introduction to the principles of the market economy. You'll learn about scarcity, prosperity, values, cooperation, character, markets, spontaneous order, and entrepreneurship. You'll see the profound effect of free markets on our standards of living.
The workshop is a 3-5 hour, self-paced learning experience with a focus on the humane value of free markets, with hands-on activities and guided discussions centered on themes from Leonard E. Read’s classic essay ‘I, Pencil’. Best of all, it is designed to be delivered by non-economists using interactive, hands-on activities and guided discussions. The online course is a wonderful resource, both as a standalone course for those who want to learn on their own, and as a supplement for workshop participants.
FEE Courses
Overview
Additional Resources
Contents
The Story of I, Pencil
I, Pencil: The Movie by CEI
Our Shared Values
Human Well-being
200 Countries, 200 Years, 4 Minutes
The Hockey Stick of Human Prosperity
Social Cooperation
Social Cooperation by Sheldon Richman
Competition and Cooperation by David Boaz
Personal Character
Character, Liberty, and Economics by Lawrence W. Reed
What is Economics?
Individual Action
Scarcity
Scarcity by Russell Shannon
Choice
Subjective Value
Subjective Value by Learn Liberty
Subjective Value by Max Borders
Tradeoffs and Opportunity Cost
Opportunities and Costs by Dwight Lee
Getting the Most Out of Life: The Concept of Opportunity Cost by Russell Roberts
Incentives
Incentives Matter by Learn Liberty
The Power of Incentives by Dwight Lee
Incentives Matter by Russell Roberts
The Market
Voluntary Exchange
Why Do We Exchange Things? by Learn Liberty
Gains from Trade
Trade Is Made of Win by Learn Liberty
Free Trade and the Climb Out of Poverty by Steven Horwitz
Specialization and Division of Labor
Specialization and Trade by Learn Liberty
Emergent Order
Can Order Be Unplanned? by Learn Liberty
The Reality of Markets by Russell Roberts
The Reality of Markets by Russell Roberts
Competition and Cooperation
Competition Is Cooperation by Sheldon Richman
Competition and Cooperation by Steven Horwitz
“Trade Is Made of Win,” Part 2: Cooperation by Learn Liberty
Politics, Law, and Economics
Rules and Institutions
The Importance of Institutions by Mercatus Center
Property Rights
What’s So Great about Economic Freedom? by Learn Liberty
Private Property and Opportunity Costs by Dwight Lee
Rule of Law
Essential Hayek: Rule of Law by Fraser Institute
Culture and Values
What Caused The Economic Boom of Wealth?
Government Intervention
Politics without Romance
Why Is There Corn in Your Coke? by Learn Liberty
How Cronyism is Hurting the Economy by Learn Liberty
Knowledge Problem
What Do Prices “Know” That You Don’t? by Learn Liberty
The Price System, Part 1: Information by Learn Liberty
Seen and Unseen
Broken Window Fallacy by Learn Liberty
Value Creation
What is Entrepreneurship?
Small Business and Entrepreneurship by E.C. Pasour
Entrepreneurship by Russell S. Sobel
The Heroic Entrepreneur
The Entrepreneur on the Heroic Journey by Dwight Lee and Candace Allen
Let's Try More Economic Freedom, Not Less
Human Well-being (Revisited)
Most of the World is Better Off Than You Think
Social Cooperation (Revisited)
I, Pencil Extended Commentary: Connectivity by CEI
Personal Character (Revisited)
Economic Freedom & Quality of Life by EconFree
Happiness and Success
Economics in One Day Badge