This is the teacher’s manual to accompany the student textbook, Lessons for the Young Economist.
The manual follows the student text very closely (the student text is needed separately, either in physical form or PDF). For each section within a chapter, the manual may give the historical context, clarify the relationship between what the student is learning from the text compared to a typical college textbook, warn about possible confusions the student may encounter, or give links for further reading for the teacher’s own edification (not necessarily to be assigned to the student).
In addition, this manual provides thorough answers to the study Questions found at the back of each Lesson in the student text. The manual also lists optional supplemental materials, such as free online videos, audio lectures, and readings, along with instructions as to their level of difficulty and relevance. The manual also provides sample tests and even suggested activities (ideal for homeschooling parents) to illustrate the concepts in each chapter.
The manual can be used by any teacher, but it is ideal for the homeschooling parent who needs guidance in developing a curriculum for the junior high student involving economics.
Test answers to the Teachers Manuel are available in print form.
Note: Since the publication of the Teacher’s Manual in 2012, we have discovered that some of the links have become broken. Those broken links are on the following pages: 79, 81, 114, 115, 149, 203, 205, 260, 294, 295. We will be updating those links and posting the correct links here. Please check back.
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Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Human Action Podcast and The Bob Murphy Show.
Mises Fellow Kristoffer Hansen joins Bob to discuss the controversy surrounding Mises' perspective on fractional reserve banking and free banking.
In this episode, Murphy clarifies what is right and wrong on comparative advantage.
Murphy lays out the various camps in the debate over fractional reserve banking.