Austrian School of Economics Fundamentals

FreeOnline
Goal: Discover Austrian economics as an alternative framework for analyzing markets and individual decision-making
Austrian School of Economics Fundamentals
ProfessorThéo Mogenet
LevelIntermediate
Duration
5 hours
PriceFree
Course IDECO201
Ratings
(218)

Description

Journey to the Austrian Economics

Ever wondered why some economists think differently about markets, freedom, and human behavior? Austrian economics offers a refreshing perspective that puts you at the heart of economic thinking. Instead of heavy math and abstract models, this approach focuses on logic, human choice, and how real people make decisions in their daily lives. It's economics through the lens of freedom, rationality, and personal action.

This school of thought has shaped debates for centuries, thanks to influential thinkers like Hayek, Mises, and Bastiat. While mainstream Keynesian economics dominates today's policy discussions, the Austrian tradition asks different questions: What happens when we prioritize individual liberty? How do free markets actually work when people are free to choose? If you're curious about alternative ways of thinking about markets, society, and freedom, this is your chance to explore ideas you won't find in standard textbooks.

Learning path

Objectives

  • Analyze the functions of money, credit, and central banking systems
  • Apply subjective value theory and time preference to market behavior
  • Understand the Austrian business cycle theory and its causes
  • Compare Austrian methodology with mainstream economic approaches

Curriculum

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Introduction
1.1 - Course Overview
1.2 - Money, Credit, Banks, and Central Banks
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Theoretical Foundations
2.1 - The Subjective Theory of Value
2.2 - The Emergence of Money as a Social Phenomenon
2.3 - Time Preference, Interest, and Capital
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Austrian Economic Perspectives
3.1 - The Austrian Theory of the Business Cycle
3.2 - The Impossibility of Economic Calculation under Socialism
3.3 - The Austrian Methodology
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Final Section
4.1 - Reviews & Ratings
4.2 - Final Exam
4.3 - Conclusion
Professor

This course is taught by Théo Mogenet

Théo MogenetThéo Mogenet
1Courses

Professor at Kedge Bordeaux, I teach Bitcoin and the economic theories of the Austrian School, and am the founder of the Bitcoin Institute, an educational and training company located in Paris. I am passionate about economics, history, literature, political science, and technology. I enjoy skiing, wine, whisky, steaks, and conversation. Being well-versed in everything but an expert in nothing, I've decided to dedicate myself full-time to Bitcoin education. I am the creator of ECON 201 - introduction to Austrian economics.

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Ratings & reviews

What students say about this course

General grade

4.67/5 (218 Reviews)
Geoffroy Acakpo

Geoffroy Acakpo

J'ai apprécié le cours, j'ai appris de nouvelles notions.

Morgan

Morgan

bravo pour cette formation aux bases de l'économie autrichienne

Nathaniel Cole

Nathaniel Cole

A great way to get a start and some deeper relative insight into Austrian Economics and Economists for both beginners and intermediates.

Diego Zanin

Diego Zanin

Oversimplifying the concepts at the expense of clarity and possibility of good grasp of them.

RAVI K. SHAH

RAVI K. SHAH

Thank you Plan B Academy for this course. Thank you indeed.

Alberto_Magno

Alberto_Magno

Very thorough course on the principles of the Austrian economy school

Manuel PROQUIN

Manuel PROQUIN

Pour "L'impossibilité du calcul économique sous le socialisme", j'ai dû m'appuyer sur ChatGPT en demandant : *** Commence par définir les différents termes 'techniques', comme agents économiques, facteur de production, Structure de production, Productivité marginale... . Donne moi des exemples concrets pour que je saisisse bien leur identité/rôle. Ensuite, reformule de façon plus concise et plus simple ce qui est exposé, en faisant appel à des métaphores simples et des exemples concrets. *** --> un glossaire en intro (du cours / du chapitre) pourrait être le bienvenu (pour des personnes qui n'ont aucune formation économique comme moi) --> idem pour exemples concrets et métaphores, à intégrer au texte --> Les résumés étaient courts et constructifs

Javier R. Rojas-Montenegro

Javier R. Rojas-Montenegro

In my opinion "Salability concept" the most important concept in all these chapters: "Create only things desired for most of the people, the longest period of time" For me this applies perfectly to create diary usage practical solutions for Bitcoin.

MARTHA LUCIA RODRIGUEZ BALAGUERA

MARTHA LUCIA RODRIGUEZ BALAGUERA

muy bien

lizeth.rodriguez

lizeth.rodriguez

Muchas gracias

Brigith Ramirez Uribe

Brigith Ramirez Uribe

Buen curso

SHAO-LIN LEE

SHAO-LIN LEE

非常好

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