What is the Entrepreneur's Role in Creating Value?
Economics of Entrepreneurship Series Module 2
Module 2: What is the Entrepreneur's Role in Creating Value?
Wealth does not simply exist naturally in the world. The things we want and need must be created or produced before they can be enjoyed. Entrepreneurs play a key role in value creation. They create value for themselves by creating value for others. This series of lessons explains the entrepreneur’s role in creating value for themselves and for society. Societies that encourage entrepreneurship through economic freedom tend to see much faster economic growth than those that do not. Let's see how entrepreneurs play a role in creating value!
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Overview
Additional Resources
Concepts and Terms
Objectives
Introduction
Value of a T-Shirt
Watch Video
Think and Reflect
Activity: Myth Busting
Myth #1 Busting
Myth #2 Busting
Myth #3 Busting
The Truth About Value
Subjective Value by Max Borders
Read Article
Think and Reflect
Lesson Quiz
Knowledge Recap
Bonus Material
Introduction
Creating Value, Not Just Work
Watch Video
Think and Reflect
Creating Jobs vs. Creating Value by Steven Horwitz
Read Article
Think and Reflect
Activity: Business Ideas
Lesson Quiz
Knowledge Recap
Bonus Material
Introduction
Supply and Demand
Watch Video
Demand and Supply by Dwight Lee
Read Article
Think and Reflect
Activity: Food Trucks
Everybody is Working for Everybody Else by The Rational Optimist
Watch Video
Think and Reflect
This Product Can Change Your Life by Simon Keane-Cowell
Read Article
Lesson Quiz
Knowledge Recap
Bonus Material
Introduction
Your Career is an Enterprise – Dan Sanchez
Think and Reflect
Advice for Young, Unemployed Workers
Read Article
Think and Reflect
Edgar the Exploiter
Watch Video
Think and Reflect
Edgar the Entrepreneur
Read Article - Edgar the Entrepreneur
Think and Reflect
Lesson Quiz
Knowledge Recap
Bonus Material
Introduction
Nothing Fishy about Growth and How Entrepreneurs Make an Economy Grow
Watch Videos
Think and Reflect
Factors of Production
Economic Growth - Classical Model
Technological Innovation and Growth
Role of the Entrepreneur
Lesson Quiz
Knowledge Recap
Bonus Material
Module 2 Badge