MODULE 04: PART 1, ELEMENTS 1.10-1.12

Module Description

Concepts and Topics: Sources of economic progress; Market prices and the invisible hand; and Secondary effects and unintended consequences

Using the corresponding slides 68-83 in Part 1: The Twelve Key Elements of Economics PPTX or PDF, take notes while you:

Read

Read about Elements 1.10, 1.11, and 1.12; (p. 34-43 in the 3^rd edition of your Common Sense Economics textbook).

Common Sense Economics can be purchased in print and digital forms from a variety of retailers.

More details about course curriculum (including assignments, quizzes, and a free ebook) can be found at Certell. Other valuable resources can be found at commonsenseeconomics.com

WATCH

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Watch 3 content presentations:

Element 10

Element 11

Element 12

Watch 5 videos: (i) CSE Slice of Life 4 (5:33); (ii) CSE 1.10 Lemonade Stand Economics- That's not fair (2:22); (iii) CSE 1.11 Stossel Micro 04- Invisible hand steak example (4:00); (iv) CSE 1.12 Stossel MECA 06- Unintended consequences of ethanol (4:48); and (v) CSE 1.12 Learn Liberty- Economics on one foot (2:53).

LISTEN

Listen to and/or read this item: CSE 1.12 What is Seen and What Is Not Seen by Frederic Bastiat (Audio, 18:11).