July 28, 2016 Print

The economy prospers when people learn how to create value for others, and a new online course offering from the Foundation for Economic Education (FEE), Economics of Entrepreneurship: Serving Yourself by Serving Others Well, elaborates on this lesson with a succinct and cost-efficient alternative to FEE’s renowned in-person seminars. FEE has been teaching sound economics and the ideas of liberty since it was founded in 1946 by Leonard E. Read, and today the organization has a new focus on striving to bring about a world in which the economic, ethical, and legal principles of a free society are familiar and credible to the rising generation of youth.

[Jeffrey Tucker opens up about FEE's new direction]

“We chose the topic of entrepreneurship when building FEE’s first online course for several reasons,” said Jason Riddle, FEE’s director of programs and alumni relations. “First, we wanted to reach new audiences that might not otherwise be interested in learning about economics or free markets. Second, the topic of entrepreneurship provides an engaging framework to teach the practical value of economic thinking. Finally, and perhaps most importantly, societies that embrace entrepreneurship and economic freedom tend to be more prosperous than those that do not. Through this course we are helping to make these ideas familiar to students and teachers around the world.”

Launched in August 2015, Economics of Entrepreneurship is adapted from one of FEE’s most popular three-day seminars, transformed into a leveraged, online, downloadable course comprising 40 self-guided lessons that demonstrate the link between free markets, personal character, and entrepreneurship. Along with these textbook-quality educational materials, the course includes student and teacher guides with engaging videos, articles, stories, and interactive activities. The course has already reached thousands of students through parents and educators, and FEE plans to have at least 10,000 students complete the course by the end of 2016.

“FEE’s new economics course towers above the rest in its fun, engaging material, which introduces students to the basic principles of economics while showing them the practical application of the subject matter beyond the classroom,” said student Daniel Cochrane.

The Thales Academy, a private school in Raleigh, has shared with FEE its plans to use the Economics of Entrepreneurship course as the curriculum for its Economics in Action elective during the 2016–17 school year, where it will reach at least 25–50 students in that first year.