Program Content and Topics
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- Economic Forces in American History
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- Program Content and Topics…
Economic History Instruction:
- Key Forces in Economic History:
- A key to understanding people’s behavior is figuring out the incentives they face
- Economic freedom, rule of law, and well-defined property rights promote growth and prosperity
- Inflation (deflation) happens when the money supply grows more quickly (slowly) than output
- Wars harm economies and people
- Entrepreneurship, business, and the pursuit of profit create opportunities and economic growth
- Government is the arena of competition among interest groups
- Worker mobility and competition among employers prevent exploitation of workers
EFAH Leadership Instruction:
- Fosters a greater understanding of self-potential, and
- Improves the ability to work in groups and teams
Morning Economic History Seminars:
- Simulations are used extensively to demonstrate the reliability of theoretical concepts
- Outstanding economics instructors foster critical thinking about difficult social problems
- Examination of current national and international issues promotes discussion
Afternoon Leadership Workshops:
- Challenge student teams with both physical and mental problems
- Promote hands-on experiential learning on the grounds of prestigious college campuses
- Enhance teamwork and leadership skills
- Forge life-long friendships
Evening Activities:
- Student discussion and dilemmas
- Public policy debates
- Recreational and social events