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  • ECON103: Principles of Austrian Economics I
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    COURSE INTRODUCTION
    Course Syllabus
    Foreword
    Unit 1: Economic Value
    1.1: Goods, Value, and Scarcity Lecture
    1.1: Lecture
    1.2: Goods, Value, and Scarcity Discussion
    1.2: Discussion
    1.3: Goods, Value, and Scarcity Review
    1.3 Review: Introduction to the fundamental concepts of economics
    Unit 2: Human Action
    2.1: Production and Marginal Utility Lecture
    2.1: Lecture
    2.2: Production and Marginal Utility Discussion
    2.2: Discussion
    2.3: Production and Marginal Utility Review
    2.3 Review: Human Action
    Unit 3: Time and Labor
    3.1: Time, the Ultimate Resource Lecture
    3.1: Lecture
    3.2: Time, the Ultimate Resource Discussion
    3.2: Discussion
    3.3: Time, the Ultimate Resource Review
    3.3 Review: Time and Labor
    3.3: Write an Essay
    Unit 4: Capital and Technology
    4.1: Capital, Technology, and Human Productivity Lecture
    4.1: Lecture
    4.2: Capital, Technology, and Human Productivity Discussion
    4.2: Discussion
    4.3: Capital, Technology, and Human Productivity Review
    4.3 Review: Capital and technology
    Unit 5: Economic Exchange
    5.1: Trade Lecture
    5.1: Lecture
    5.2: Trade Discussion
    5.2: Discussion
    5.3: Trade Review
    5.3 Review: Interpersonal exchange
    Unit 6: Indirect Exchange
    6.1: Money Lecture
    6.1: Lecture
    6.2: Money Discussion
    6.2: Discussion
    6.3: Money Review
    6.3 Review: Indirect exchange
    6.3: Writing Activity
    Unit 7: Prices and Market Order
    7.1: The Market System Lecture
    7.1: Lecture
    7.2: The Market System Discussion
    7.2: Discussion
    7.3: The Market System Review
    7.3 Review: Prices and the market order
    Unit 8: Profit and Loss
    8.1: Capitalism Lecture
    8.1: Lecture
    8.2: Capitalism Discussion
    8.2: Discussion
    8.3: Capitalism Review
    8.3 Review: Profit and Loss
    Unit 9: Violent Intervention
    9.1: Voluntary and Coercive Interactions Lecture
    9.1: Lecture
    9.2: Voluntary and Coercive Interactions Discussion
    9.2: Discussion
    9.3: Voluntary and Coercive Interactions Review
    9.3 Review: Violent intervention
    Unit 10: Economic Progress
    10.1: What is Economic Progress? Lecture
    10.1: Lecture
    10.2: What is Economic Progress? Discussion
    10.2: Discussion
    10.3: What is Economic Progress? Review
    10.3 Review: Economic Progress
    Course Feedback Survey
    Course Feedback Survey
    Certificate Final Exam
    ECON103: Certificate Final Exam
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Saylor Academy © 2010-2025 except as otherwise noted. Excluding course final exams, content authored by Saylor Academy is available under a Creative Commons Attribution 3.0 Unported license. Third-party materials are the copyright of their respective owners and shared under various licenses. See detailed licensing information. Saylor Academy®, Saylor.org®, and Harnessing Technology to Make Education Free® are trade names of the Constitution Foundation, a 501(c)(3) organization through which our educational activities are conducted.