Economics & Leadership Content and Topics
Objectives: EFL develops the ability to connect responsible leadership and an economic way of thinking
Leadership Training:
- Fosters a greater understanding of self-potential
- Improves the ability to work in groups and teams
- People respond to incentives
In addition, leadership training:
- Voluntary exchange provides mutual gains
- Profits attract entrepreneurs
- Competition encourages efficiency
- Private property rights are essential in free societies
- The fact of scarcity necessitates some form of rationing
- Opportunity cost is the real cost of what we choose
- Inflation depends on the money supply
- Choices can cause negative effects
- Economic change is inevitable
- Develops an awareness of group dynamics
- Teaches the value of diverse leadership styles
- Demonstrates the worth of individuals with differing talents
- Facilitates reflective learning that can be applied to real life situations
- Increases confidence in decision-making
- Promotes a commitment to good citizenship
"Economics is how we live, how
we work, and how we interact. We are learning about the American Dream."
Jimmy Nguyen, Student, Tucumcari, New Mexico
Jimmy Nguyen, Student, Tucumcari, New Mexico
Morning Economics Seminars
- Ten basic free market concepts are introduced
- 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:
- Move outdoors in beautiful campus settings
- Challenge student teams with both physical and mental problems
- Enhance teamwork and leadership skills
- Forge life-long friendships
Evening Activities:
- Joint teacher-student dilemmas
- A simulated political election
- Recreational and social events