Economics 101: The Principles of Free Market Economics
Examine fundamental principles of free market economics.
Economics is one of the principal ways by which human beings work to achieve good. The American Founders believed that economic freedom and property rights are rooted in the natural competition and cooperation of human beings, which naturally occurs in the most efficient manner without central planning because markets respond to consumer demand. Fundamentally, the best economic system should consist of private property under certain rules, a market system that is allowed to operate freely, and reliable money.
In this free online course, “Economics 101: The Principles of Free Market Economics,” you will examine the foundational principles of the free market. Topics include the relationship of supply and demand, the “information problem” behind the failure of central planning, the rise of macroeconomics under the influence of John Maynard Keynes, and the 2008 financial crisis.
Join Hillsdale College President Larry P. Arnn and Professor of Economics Gary Wolfram as they explain the importance of restoring economic liberty in this ten-lecture course.
Enroll in this free online course on free market economics today!
What students say
Gary articulates the principles he teaches very well. . . . I saw an ad for these courses and decided to enroll since they were free. The economics course has instilled fundamental insights as to how we operate in our country and market in my mind to the point where I can actually teach my family and others, myself! Absolutely love you guys!
– Kavan
Prof. Wolfram is a wonderful teacher. He brings otherwise complex vocabulary down to where we can understand it. His anecdotes are especially illustrative and helpful. It gives many of us a new way of thinking about supply and demand.
– Kenneth
This course is concise and easy to understand, it is the perfect course for people starting to learn more about economics.
– Julia