Do you have a mental block about studying economics? Or, do you have a passion for the study of economics? In either case, this class will be fun and interesting, and provide you with insight into the way the world works!You are already acquainted with principles of the gospel. Now you will see how the Austrian theory of economics is also based upon discovery of natural laws or principles, which are as constant as gravity. During the class, hands-on activities will give you a feel for the meaning of terms like scarcity, subjective value, free market, opportunity cost, and more! This class had a lot of audience participation, some of which was edited out, but it is valuable because it teaches the fundamental principles of economics and they come across quite well on the audio.
