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Oikonomia: Economics for Life and Flourishing
Week 01 — Laying the Foundation
Concepts, Terms and Topics
Stewardship, Oikonomia, Imago Dei, the Role of Incentives, Scarcity and Opportunity Costs, Decision Making and Marginalism, Gains from Trade
INTRODUCING THE WEEK
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INTRODUCING THE WEEK
1 Consider and Respond
LOOKING AHEAD—WEEK 1
Week 01 · Day 1 — Addressing the Sacred-Secular Divide — Stewardship, Oikonomia, and Imago Dei
Sample Lesson
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Week 01 · Day 1 — Addressing the Sacred-Secular Divide — Stewardship, Oikonomia, and Imago Dei
4 Topics
Read · Day 1 readings
Watch · PovertyCure: Bret Elder on Stewardship with Brett Elder
Watch · Action Institute – For the Life of the Work (FLOW) : Exile
Respond · Day 1 reflection
Week 01 · Day 2 — Discovering Economic Principles in Everyday Life — The Power of Incentives
Sample Lesson
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Week 01 · Day 2 — Discovering Economic Principles in Everyday Life — The Power of Incentives
4 Topics
Watch · Potty Training and Incentives
Watch · Incentives and Bridges
Read · Day 2 readings
Respond · Day 2 reflection
Week 01 · Day 3 — Discovering Economic Principles in Everyday Life — Scarcity and Opportunity Costs
Sample Lesson
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Week 01 · Day 3 — Discovering Economic Principles in Everyday Life — Scarcity and Opportunity Costs
4 Topics
Watch · Opportunity Costs and Trade-Offs
Read · Day 3 readings
Respond · Day 3 reflection
READ
Week 01 · Day 4 — Discovering Economic Principles in Everyday Life — Decision Making, Marginal Value and Trade
Sample Lesson
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Week 01 · Day 4 — Discovering Economic Principles in Everyday Life — Decision Making, Marginal Value and Trade
4 Topics
Watch · Thinking at the Margin
Watch · Economics of Voluntary Exchange
Read · Day 4 readings
Respond · Day 4 reflection
Week 01 · Day 5 — Critical Thinking Assignment — Why Learn Economics?
Sample Lesson
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Week 01 · Day 5 — Critical Thinking Assignment — Why Learn Economics?
1 Topic
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1 Consider and Respond
Respond · Day 5 reflection
Week 01 — Quiz 1
Week 02 — Market Basics
Concepts, Terms and Topics
Specialization and Trade, Transaction Costs, Zero-Sum Game Myth, Subjective Value, Markets and Private Property, The Invisible Hand, The Role of Prices, Demand and Supply, and Equilibrium
INTRODUCING THE COURSE
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INTRODUCING THE COURSE
1 Consider and Respond
LOOKING AHEAD—WEEK 2
Week 02 · Day 1 — Market Basics — Specialization, Wealth and Transaction Costs
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Week 02 · Day 1 — Market Basics — Specialization, Wealth and Transaction Costs
3 Topics
Watch · Learn Liberty – Specialization and Trade
Read · Day 1 readings
Respond · Day 1 reflection
Week 02 · Day 2 — The Why and How of Markets — Subjective Value and the Labor Theory of Value
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Week 02 · Day 2 — The Why and How of Markets — Subjective Value and the Labor Theory of Value
4 Topics
Watch · Learn Liberty- Subjective Value
Watch · Learn Liberty- Does Capitalism Exploit Workers
Read · Day 2 readings
Respond · Day 2 reflection
Week 02 · Day 3 — The Wonder of the Market Order — Private Property, Providence and Prices
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Week 02 · Day 3 — The Wonder of the Market Order — Private Property, Providence and Prices
4 Topics
Watch · Friedman – I Pencil and the Price System
Watch · IFWE- I, Smartphone
Read · Day 3 readings
Respond · Day 3 reflection
Week 02 · Day 4 — The Role of Prices — Coordinating Changing Choices
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Week 02 · Day 4 — The Role of Prices — Coordinating Changing Choices
4 Topics
Watch · Indiana Jones Teaches Demand and Supply
Watch · Hudsucker Proxy – A Shift in Demand
Read · Day 4 readings
Respond · Day 4 reflection
Week 02 · Day 5 — Looking Back & Wrap-Up
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Week 02 · Day 5 — Looking Back & Wrap-Up
1 Topic
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1 Consider and Respond
Respond · Day 5 reflection
Week 02 — Quiz 2
Week 03 — Entrepreneurship, Markets, and Morality
Week 03 · Day 1 — Understanding Profits and Losses — Profit, Loss, and Helping Others
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Week 03 · Day 1 — Understanding Profits and Losses — Profit, Loss, and Helping Others
4 Topics
Watch · Learn Liberty – The Price System
Watch · Is Making Money Good or Bad?
Read · Day 1 readings
Respond · Day 1 reflection
Week 03 · Day 2 — Differentiating Self-Interest from Greed — Mandeville, Rand, and False Moral Pretenses
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Week 03 · Day 2 — Differentiating Self-Interest from Greed — Mandeville, Rand, and False Moral Pretenses
4 Topics
Watch · IFWE – Is Capitalism Based on Greed
Watch · (Optional) Atlas Shrugged and the Economics of Exchange
Read · Day 2 readings
Respond · Day 2 reflection
Week 03 · Day 3 — Fitting the Human Condition — Capitalism, Socialism and the Human Heart
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Week 03 · Day 3 — Fitting the Human Condition — Capitalism, Socialism and the Human Heart
3 Topics
Watch · Milton Friedman on Donahue
Read · Day 3 readings
Respond · Day 3 reflection
Week 03 · Day 4 — Encouraging Enterprise — Gift-Givers and Kitty Litter
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Week 03 · Day 4 — Encouraging Enterprise — Gift-Givers and Kitty Litter
3 Topics
Watch · Action Institute – ES: Gift Givers, Talents and Entrepreneurs
Read · Day 4 readings
Respond · Day 4 reflection
Week 03 · Day 5 — Critical Thinking Assignment — Discerning the Honey from the Hemlock
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Week 03 · Day 5 — Critical Thinking Assignment — Discerning the Honey from the Hemlock
2 Topics
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1 Consider and Respond
Read · Day 5 readings
Respond · Day 5 reflection
Week 03 — Quiz 3
Week 04 — Free Exchange and Wealth Creation
Week 04 · Day 1 — Creating Jobs — Incentive Structures and Wealth Creation
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Week 04 · Day 1 — Creating Jobs — Incentive Structures and Wealth Creation
4 Topics
Watch · Learn Liberty – Broken Window Fallacy
Watch · Economic Freedom- How to Create a Job
Read · Day 1 readings
Respond · Day 1 reflection
Week 04 · Day 2 — Opening the Markets — Competition and Innovation
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Week 04 · Day 2 — Opening the Markets — Competition and Innovation
3 Topics
Watch · The Invisible Hand and Steak
Read · Day 2 readings
Respond · Day 2 reflection
Week 04 · Day 3 — Finding Real Abundance — The Image of God and “Men Without Chests”
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Week 04 · Day 3 — Finding Real Abundance — The Image of God and “Men Without Chests”
3 Topics
Watch · Poverty Cure – Markets and Trust
Read · Day 3 readings
Respond · Day 3 reflection
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Watch · Potty Training and Incentives
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Oikonomia: Economics for Life and Flourishing
Week 01 · Day 2 — Discovering Economic Principles in Everyday Life — The Power of Incentives
Watch · Potty Training and Incentives
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