This course is an introduction to the fundamental concepts necessary for understanding spontaneous orders and phenomenon of human action but not human design. This course takes the form of a survey of selected important thinkers in economics, including such individuals as Smith, Mill, Malthus, Marx, Keynes, Friedman, Hayek, and Buchanan. The evolution of broad trends in economic thinking is thus taught sequentially, with reference to original texts and historical figures. It focuses on major trends in the field and foundational concepts like gains from trade and specialization, trade-offs and opportunity costs, and the importance of incentives. This course counts as a social science core option.

Skill Level: Beginner