Economics as taught by Jesus is no longer the dismal science
Instructor: Paul Michael Raymond
Office Hours: To Be Announced
Contact: 503-433-7733/ E-mail: email@example.com
Basics of economic theory is presented by tracing the development of economic thinking through history, using the “Great man” approach. The course emphasizes theory as the foundation of sound economic application. But theory is not of necessity dull when subjected to intense Biblical analysis.All required readings are provided through internet links and the textbook: Productive Christians In An Age of Guilt Manipulators by David Chilton
- Tuition: $275 Premier OR Tuition: $25 Basic
- Level: 10th Grade Level; 10th Grade
- Mode: Instructor Mode: Self-taught
- Offered: Fall Offered: Fall or Spring
- Textbook: See Above Textbook: See Above
Textbook & Course Materials
Required Text: “Productive Christians In An Age of Guilt Manipulators” by David Chilton.
- Internet connection (DSL, LAN, or cable connection desirable)
- Desktop or laptop computer
- The course is delivered in 16 weeks, divided into 6 units corresponding to 6 historical eras in the development of economic theory: Biblical, Ancient I, Ancient II, Classical, Anti-Capitalist, and Austrian/Chicago.
- Each unit consists of reading the lesson & online readings, reading in Chilton, lectures, section quizzes, a term project and a final exam. The instructor is available from Noon until 6 p.m. EST on the Piazza learning platform to answer questions and/or interact with groups of students.
Part 2: Student Learning Outcomes
At the conclusion of the course the student will be able to
1) Articulate the Biblical theory of economics
2) Compare and contrast Aristotelian economic theory with that of the Bible.
3) Discuss the fall of the Roman Empire in terms of basic economic theory.
4) List the strengths and weaknesses of the early church fathers’ economic theory and its social implications.
5) Describe the ways in which the Reformers economic theory differed from the Scholastics.
6) Analyze the distinguishing characteristic of the Physiocrats
7) Name 3 cardinal principles of classical economics
8) Critique 3 of Marx’s criticisms of capitalism
9) Identify which of the 10 points of the Communist Manifesto have been implemented in modern America
10) Compare & contrast Keynesian economics & Austrian economics
11) Compare & contrast the Chicago School and the Austrian School of economics
12) Complete Term Project: Stuff They Don’t Teach You In School: How to Invest In Real Estate With No Money Down
Student will meet the objectives listed above through a combination of the following activities in this course:
- Attendance and participation in the student class forum
- Study of online lessons and readings
- Completion of written Learning Outcome essays
- Reading in “Productive Christians In An Age of Guilt Manipulators”
- Successful completion of quizzes and final exam
- Completion of the Term Project
Part 3: Topic Outline/Schedule
UNIT I: What is Biblical Economics
Assignment Week 1): Read the online Lesson, then watch “Economics For Everybody – R.C. Sproul, Jr.” Read “Productive Christians”: Introduction
Part I: Biblical Law & the Sider Thesis, Biblical Law & Christian Economics, God’s Blueprint: Biblical Law, Law & the New Testament, God’s Law & Economics
Take the unit quizzes. Review requirements for the Term Project and begin watching some of the videos. Answer questions 1 and 2 in the Learning Outcomes section in a 3-4 paragraph (about 1 page) short essay and submit to parents to mark as complete after doctrinal review.
UNIT II: The Ancients I – Creation to Augustine
Assignment Week 2): Read the online Lesson (Satan’s Economics, Plato & Aristotle) and online links then watch the lecture: Ancient Economics – Aristotle. Read “Productive Christians”: The Teaching of Christ.
Assignment Week 3): Read the online Lesson (The Roman Empire) & online links, then watch the lecture: The Roman Economy – An Introduction. Read “Productive Christians”: The Teaching of the Apostles.
Assignment Week 4): Read the Lesson (Augustine) & online links, then watch the lecture: God vs. Wealth, Pt. 4. Read “Productive Christians”: God’s Law & the Poor, Is God On the Side of the Poor?
Take the unit quizzes. Answer questions 3 and 4 in the Learning Outcomes section in a 3-4 paragraph (about 1 page) short essay and submit to parents to mark as complete after doctrinal review.
UNIT III: The Ancients II: Scholastics to the Physiocrats
Assignment Week 5): Read the Lesson (Medieval Economic Thought — 500 AD to 1400 AD) & online links, then watch the lecture: Trade & Economics In The Middle Ages. Read “Productive Christians”: Property
Assignment Week 6): Read the Lesson (The Reformers & the Mercantilists –1517 to 1750) & online links, then watch the lecture: Mercantilism – The Economics of Absolutism. Read “Productive Christians”: Work & dominion,
Assignment Week 7): Read the Lesson (The Physiocrats – 1640 to 1776) & online links, then watch the lecture: The Physiocrats (In Our Time). Read “Productive Christians”: The Goal of Equality. Take the Unit Quiz. Start Term Project, Action Steps.
Take the Unit Quizzes. Answer questions 5 and 6 in the Learning Outcomes section in a 3-4 paragraph (about 1 page) short essay and submit to parents to mark as complete after doctrinal review.
UNIT IV: The Classical School of Economics
Assignment Week 8): Read the Lesson (pp. 1-4, starting with Adam Smith,1723- 1790, The System Builder) & online links, then watch the lecture: Six Key Lessons From Classical Economics. Read “Productive Christians”: Exchange,
Assignment Week 9): Read the Lesson (pp. 5-7, starting with What Is Natural Theology?) & online links, then watch the lecture: Macro Economics – The Classical Model. Read “Productive Christians”: Tariffs,
Assignment Week 10): Read the Lesson (pp. 7-11, starting with Other Classical Economists) & online links, then watch the lecture: Why Is the Wealth of Nations So Important – Adam Smith & Classical Economics. Read “Productive Christians”: Advertising & the Slave Mentality.
Take the Unit Quizzes. Answer questions 7 in the Learning Outcomes section in a 3-4 paragraph (about 1 page) short essay and submit to parents to mark as complete after doctrinal review.
UNIT V: The Anti-Capitalists
Assignment Week 11): Read the Lesson (pp. 1-3, starting with The Anti-Capitalists) & online links, then watch the lecture: Political Theory – Karl Marx. Read “Productive Christians”: Marxism, God’s Law & the State
Assignment Week 12): Read the Lesson (pp. 4-8, starting with Karl Marx, 1818 to 1883, The Communist) & online links, then watch the lecture: Karl Marx Rebuttal –Debunking Marxism From the School of Life. Read “Productive Christians”: Direct Foreign Aid, The Jubilee Principle.
Assignment Week 13): Read the Lesson (pp. 9-15, starting with A critique of Marxism) & online links, then watch the lecture: Heaven On Earth – Robert Owen. Read “Productive Christians”: Statism, Preparing the Church For Slavery
Take the Unit Quiz. Answer questions 8 and 9 in the Learning Outcomes section in a 3-4 paragraph (about 1-page) short essay and submit to parents to mark ascomplete after doctrinal review
UNIT VI: The Austrians & the Chicago School
Assignment Week 14): Read the Lesson (pp. 1-4, starting with The Austrians –Austrian Roots) & online links, then watch the lecture: Austrian Economics In One Minute. Read “Productive Christians”: Money.
Assignment Week 15): Read the Lesson (pp. 5-8, starting with The Austrians) & online links, then watch the lecture: The Austrian School vs. The Chicago School. Read “Productive Christians”: The Basis For Economic Growth,
Assignment Week 16) : Read the Lesson (pp 9-11, starting with Other Austrian Contributors) & online links, then watch the lecture: The Methodology of the Austrian School of Economics. Read “Productive Christians”: The Goal of Equality,Take the Final Exam and complete the Term Project. Answer questions 10 and 11 in the Learning Outcomes section in a 3-4 paragraph (about 1-page) short essay and submit to parents to mark as complete after doctrinal review.
Part 4: Grading Policy
Graded Course Activities
The course grade is determined as follows
Late Work Policy: Be sure to pay close attention to deadlines—there will be no make up assignments or quizzes, or late work accepted without a serious and compelling reason and instructor approval.
Your instructor will update the online grades each time a grading session has been complete—typically 2 days following the completion of an activity. You will see a visual indication of new grades posted in Moodle.
Letter Grade Assignment
Final grades assigned for this course will be based on the percentage of total
points earned and are assigned as follows:
Letter Grade Percentage Performance
Very Good Work
Mostly Good Work
Above Average Work
Mostly Average Work
Below Average Work
Part 5: Course Policies
Instructor will be using a tracking tool, discussions, chat sessions, and group work, to monitor your participation in the course.
If you find that you have any trouble keeping up with assignments or other aspects of the course, make sure you let your instructor know as early as possible. As you will find, building rapport and effective relationships are key to becoming an effective professional. Make sure that you are proactive in informing your instructor when difficulties arise during the semester so that they can help you find a solution.
- Assignments must be submitted by the given deadline or special permission must be requested from instructor before the due date. Extensions will not be given beyond the next assignment except under extreme circumstances.
- All discussion assignments must be completed by the assignment due date and time. Late or missing discussion assignments will affect the student’s grade.
Understand When You May Drop This Course
It is the student’s responsibility to understand when they need to consider disenrolling from a course. After this period, a serious and compelling reason is required to drop from the course.
Under emergency/special circumstances, students may petition for an incomplete grade. Inform Your Instructor of Any Accommodations Needed
Commit to Integrity
As a student in this course (and at this Academy) you are expected to maintain high degrees of professionalism, commitment to active learning and participation in this class and also integrity in your behavior in and out of the classroom.
Academic Dishonesty Policy
Academic dishonesty includes such things as cheating, inventing false information or citations, plagiarism and helping someone else commit an act of academic dishonesty. It usually involves an attempt by a student to show possession of a level of knowledge or skill that he/she does not possess.
Course instructors have the initial responsibility for detecting and dealing with academic dishonesty. Instructors who believe that an act of academic dishonesty has occurred are obligated to discuss the matter with the student(s) involved. Instructors should possess reasonable evidence of academic dishonesty. However, if circumstances prevent consultation with student(s), instructors may take whatever action (subject to student appeal) they deem appropriate.
Instructors who are convinced by the evidence that a student is guilty of academic dishonesty shall assign an appropriate academic penalty. If the instructors believe that the academic dishonesty reflects on the student’s academic performance or the academic integrity in a course, the student’s grade should be adversely affected. Suggested guidelines for appropriate actions are: an oral reprimand in cases where there is reasonable doubt that the student knew his/her action constituted academic dishonesty; a failing grade on the particular paper, project or examination where the act of dishonesty was unpremeditated, or where there were significant mitigating circumstances; a failing grade in the course where the dishonesty was premeditated or planned. The instructors will file incident reports with the Vice Presidents for Academic Affairs and for Student Affairs or their designees. These reports shall include a description of the alleged incident of academic dishonesty, any relevant documentation, and any recommendations for action that he/she deems appropriate.