This is a 14-week course. These economics lectures are self-explanatory and no textbook is required. This course covers all the material in a standard microeconomics course, including supply and demand, elasticity, comparative advantage, opportunity cost, marginal revenue and marginal cost, utility, government regulation, and even more sophisticated concepts like the Coase Theorem, Giffen goods, and the social loss imposed by a monopoly.
Among over 70 students who have taken this course, 100% of those who took the CLEP exam passed it to qualify for college credit.
Lecturer: Andy Schlafly, B.S.E. (Princeton), J.D. (Harvard Law School), teacher of more than 250 homeschooled teenagers since 2002.
For exams in this topic and other helpful materials, see TSP:Index
This is an improved version of the course taught in 2007. For the benefit of the students, the model answers from 2007 are included below. These will help students who might be struggling with some of the concepts.
Online enrollment or questions can be asked here.
- Lecture One (About 5,300 words)
- Lecture Two (About 5,100 words)
- Lecture Three (About 5,600 words)
- Lecture Four (About 5,500 words)
- Lecture Five (About 4,200 words)
- Lecture Six (About 4,700 words)
- Lecture Seven (About 6,400 words)
- Lecture Eight (About 4,200 words)
- (no model answers - homework this week is to study for the midterm exam)
- Economics Model Answers Eight (from 2007)
- Economics Midterm Exam - Boys (from a prior teaching of this course)
- Economics Midterm Exam - Girls (from a prior teaching of this course)
- Lecture Nine (About 4,900 words)
- Lecture Ten (About 5,400 words)
- Lecture Eleven (About 4,900 words)
- Lecture Twelve (About 4,900 words)
- Lecture Thirteen (About 6,100 words)
- (no model answers - homework is to study for the final exam)
- Economics Model Answers Thirteen (from 2007)
- Economics Final Exam (from a prior teaching of this course)
- Proposed Economics Problems