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Student guide
Sample PDF
Week 3 - Entrepreneurship, Markets, and Morality
Concepts, Terms and Topics
Profit and Loss, Helping Others and Receipt of Income, Wealth Creation, Greed and Self-Interest,
Capitalism, Socialism, Entrepreneurship, Gift-Givers, and Talents
Day 1
LOOKING BACK—WEEK 2
Review Homework Take Quiz 2
LOOKING AHEAD—WEEK 3
Critical Thinking Assignment—Essay: Discerning the Honey from the Hemlock Let’s Discuss—What Do You Think?
Let’s Do—Optional Group Activity: The Ultimatum Game: Assumptions,
Proposals and Pay-Offs
Day 2
CSE Part 1 Element 7—Profits direct businesses toward productive…
CSE Part 1 Element 8—People earn income by providing others with things…
Article Prophets and Profit by Marvin Olasky
Video Learn Liberty—The Price System (2:24)
Video Is Making Money Good or Bad? (1:55)
Questions 1-9
Day 3
MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 129-119
Video IFWE—Is Capitalism Based on Greed (3:57)
Video (optional)Atlas Shrugged and the Economics of Exchange
Questions 10-16
Day 4
MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 119-124
Video Milton Friedman and Donahue (2:24)
Questions 17-21
Day 5
MGG Chapter 5: Isn’t the Free Market Based on Greed? pp. 124-133
Video Acton Institute—ES: Gift Givers, Talents, and Entrepreneurs (6:48)
Questions 22-27
Day 1 - Getting Started
A people…who are possessed of the spirit of commerce, who see and who will pursue
their advantages may achieve almost anything.
— George Washington, letter to Benjamin Harrison, Oct. 10, 1784
It is a socialist idea that making profits is a vice; I consider the real vice is making losses.
—Winston Churchill
Day 2 - Understanding Profits and Losses
Profit, Loss, and Helping Others
Day 3 - Differentiating Self-Interest from Greed
Mandeville, Rand, and False Moral Pretenses
Day 4 - Fitting the Human Condition
Capitalism, Socialism and the Human Heart
Day 5 - Encouraging Enterprise
Gift-Givers and Kitty Litter
Critical Thinking Assignment
Discerning the Honey from the Hemlock
Check Your Premises - Ayn Rand Through a Biblical Lens