This is a 16-week course that covers both micro and macro economic principles. It will begin with micro-economics (the study of an individual’s economic actions) and adds macro-economics (the study of a society’s economic actions) along the way. There is an emphasis on how Scripture teaches us to view economic principles and how those can be put into practice by an individual, a family, and a state. While not all writers are Christians, the study will require students to critique all reading material from the lens of Scripture. The goal of this course is for the student to develop a biblical understanding of economics. This is done in several steps:
- Identify important terms, individuals, and theories related to the field of economics.
- Describe the economic actions of individuals in everyday life.
- Apply Scriptural principles to everyday economic activities.
- Critique various economic theories according to Scripture.
- Determine how God has appointed the family to live according to biblical economic practices.
- Economics for Real People, by Gene Callahan
- Economics in One Lesson, by Henry Hazlitt
- Inherit the Earth, by Gary North
- What Has the Government Done with Our Money, Murray Rothbard
- Honest Money, Gary North
- Bringing in the Sheaves, by George Grant
*In addition to these books, other articles will be used throughout the course.