This module covers the Economic Principles and History section of the Olympiad’s curriculum:
- Economic Methodology: Delving into the principles and scope of economics, grounded in foundational concepts.
- History of Economic Thought: Tracing the evolution of economic theory from early thinkers to the Marginal Revolution, and further exploring post-Marginal developments in economic thought.
For an even more in-depth exploration of these topics, see MRU’s full course Great Economists with 111 videos and exercises.
Teachers
To cover these topics in the classroom, use MRU’s free unit plan: Intro to Econ
Key Resources
Principles of Microeconomics
- Video: Introduction to Microeconomics — Practice Questions
- Video: Opportunity Cost and Tradeoffs — Practice Questions
- Video: Marginal Thinking and the Sunk Cost Fallacy — Interactive: Sunk Cost or Not? — Practice Questions
History of Economic Thought
- Video: Introduction to Mercantilism — Practice Questions
- Which Ideas Were Developed in Early Classical Economics?
- Video: Adam Smith’s Theory of Growth — Practice Questions — Explore Adam Smith’s Pin Factory
- Video: Introduction to Ricardo
- Video: Frederic Bastiat on the Seen and the Unseen — Practice Questions
- John Stuart Mill on the Terms of Trade
- Cournot
- Dupuit
- Video: Hayek on the Use of Knowledge in Society — Practice Questions
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