MODULE 03: PART 1, ELEMENTS 1.7-1.9

Module Description

Concepts and Topics: Profit and loss; Helping others and receipt of income; and Jobs versus the creation of wealth

Using the corresponding slides 49-67 in Part 1: The Twelve Key Elements of Economics PPTX or PDF, take notes while you:

Read

Read about Elements 1.7, 1.8, and 1.9; (p. 26-34 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 7

Element 8

Element 9

Watch 6 video clips: (i) CSE Slice of Life 3 (5:47); (ii) CSE 1.7 Learn Liberty- Price system Part 1 (3:19); (iii) CSE 1.7 Seinfeld- Café clip (4:17) (iv) CSE 1.8 Stossel Micro 03- Exchange and wealth creation (6:05); (v) CSE 1.9 Learn Liberty- Broken window fallacy (3:40); and (vi) CSE 1.9 Economic Freedom- How to create a job (2:47).

LISTEN

Listen to and/or read these 2 items: (i) CSE 1.8 I, Pencil by Leonard Read (Audio, 16:50); and (ii) CSE 1.9 Creating Jobs vs. Creating Wealth by Dwight Lee (Audio, 8:58).