Does your high-schooler understand economics? Do you?
I must admit that economics is not a field in which I have a strong understanding. I know that on a personal level, we need to tithe, then save, then spend, and that we need to be responsible and to live within our means. Economics on a national or global level, however, has been confusing to me. Are we on our way to another Depression, or do we just need a little recession every couple of decades to balance out the inflation?
I was excited, then, to review Economics for Everybody, by R.C. Sproul, Jr., from Compass Cinema. This series of 12 lectures on DVD or digital download explains the field of economics in terms I can understand and from a Christian Worldview. Mr. Sproul explains that while we are not always directly rewarded or punished financially by God, it is true that a society that follows God's economic principles will, in general, prosper. In short, God gave us principles that work, and the reason our nation has been prosperous to this point is because our forefathers followed these principles. These principles include ideas about ownership, stewardship, and the government's role in economic policy.
In addition to watching the lectures, we also downloaded the accompanying study guide. It is basically a comprehensive outline of the lectures, with discussion questions at the end of each one. My 9th-grade son has completed several of the lectures, taken notes, and completed the discussion questions. Compass Cinema recommends that if you wish to use this course for a high school credit, that you supplement it with Basic Economics, Third Edition, written by Christian economist Paul Cleveland and Clarence Carson. After completing just a few lessons in the curriculum, I am planning to obtain that book and use this entire curriculum for a high school credit. I believe that not enough of our students have an opportunity to take classes like this and get a firm grasp on the subject of economics. And if they do not understand them, they will be at the mercies of others who do when they become adults.
Here is a clip from the series: