Commerce & Calling · Vol. V

Micro & Macro Economics

How the World Works — Scarcity, Choices, and Stewardship

$25 per student · one-time

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Economics is moral reasoning about scarcity, incentives, justice, and calling — with real tools, not slogans. The primary path is sixteen weeks: eight weeks of microeconomics, then eight weeks of macroeconomics. An 8-week survey remains available for single-semester co-ops.

Module A — Microeconomics (Weeks 1–8)

  1. Scarcity, trade-offs, and biblical foundations
  2. Pre-modern markets
  3. Adam Smith and the invisible hand
  4. Supply, demand, elasticity, and price signals
  5. Market structures: competition to monopoly
  6. Labor markets and human capital
  7. Market failure and government failure
  8. Behavioral economics and ethics capstone

Module B — Macroeconomics (Weeks 9–16)

  1. Measuring the economy: GDP, unemployment, inflation
  2. Growth and development
  3. Money, banking, and the Fed
  4. Monetary policy: rules vs discretion
  5. Fiscal policy: stimulus, crowding out, debt
  6. Financial crises
  7. Globalization and supply-chain fragility
  8. Policy, justice, and economic calling

Readings, labs, cases, and homework each week. Scripture is the foundation, not the trim.

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