Course Description

Module 1: What is Entrepreneurship?

What does it mean to be entrepreneurial? What virtues do entrepreneurs have and what behaviors do they exhibit? What kind of character do successful entrepreneurs tend to have? What is the specific role of entrepreneurs in the economy? What do entrepreneurs do, precisely? How can I be an entrepreneur?

Most people identify an entrepreneur as someone who creates a business and assumes the risk of doing so in return for profits. While this description is correct, more broadly it can be said that entrepreneurs create value by moving resources into more productive uses. They do this through innovating new products or processes to replace old ones and by discovering unnoticed opportunities to profit and acting on those opportunities. This series of lessons introduces the concept of entrepreneurship as understood by several leading economists. Students will explore the key traits of an entrepreneur and discuss the entrepreneur’s role in society. Let’s begin our journey in learning how entrepreneurs change the world!

Additional Resources

Additional resources for facilitating this course in the classroom or to supplement the online course are located in the introduction section of the online course, under "Additional Resources."

FEE Courses

Course curriculum

  • 1

    Module One: What Is Entrepreneurship?

    • Overview

    • Additional Resources

    • Concepts and Terms

    • Objectives
  • 2

    Lesson One: Key Traits of an Entrepreneur

    • Entrepreneurship in a Broad Sense

    • Entrepreneurship in a Narrow Sense

    • Going Further

    • What is an Entrepreneur? by Entrepreneur Week

    • Watch Video

    • Think and Reflect

    • The 7 Traits of Successful Entrepreneurship by Joe Robinson

    • Read Article

    • Think and Reflect

    • Activity: Discovering Your Passion

    • Activity: Research a Successful Entrepreneur

    • Lesson Quiz

    • Knowledge Recap

    • Bonus Material

  • 3

    Lesson Two: The Heroic Entrepreneur

    • Introduction

    • Modern Day Heroes by Learn Liberty

    • Watch Video

    • Think and Reflect

    • Activity: Hero Challenge

    • Think and Reflect

    • The Heroic Journey by Dwight Lee

    • Read Article

    • Think and Reflect

    • Watch Video: Entrepreneurs Can Change The World

    • Lesson Quiz

    • Knowledge Recap

    • Bonus Material
  • 4

    Lesson Three: Discovering an Opportunity, Serving a Need

    • Introduction

    • How to be an Entrepreneur

    • Watch Video

    • The Entrepreneur

    • Watch Video

    • Think and Reflect

    • Activity: Serving Others in Your Community

    • Poverty and Entrepreneurship by John Stossel

    • Watch Video

    • Think and Reflect

    • Lesson Quiz

    • Knowledge Recap

    • Bonus Material
  • 5

    Lesson Four: The Entrepreneurial Society

    • Introduction

    • Watch Video

    • Think and Reflect

    • 200 Countries, 200 Years, 4 Minutes by Hans Rosling

    • Watch Video

    • Small Business and Entrepreneurship by E.C. Pasour

    • Read Article

    • Think and Reflect

    • Lesson Quiz

    • Knowledge Recap

    • Bonus Material
  • 6

    Lesson Five: Entrepreneurship Defined

    • Introduction

    • Mises Boot Camp

    • Watch Video

    • Think and Reflect

    • Entrepreneurship by Russell Sobel

    • Read Article

    • Think and Reflect

    • Comparing Three Views of Entrepreneurship

    • Lesson Quiz

    • Knowledge Recap

    • Bonus Material

    • Module 1 Badge