Economics: A Firm Foundation
A solid foundation in free- market, biblically-based economic principles, policy and theory gives students the tools they need for a lifetime of personal economic success.
At the Fairfax Christian School we begin to teach economics in the fourth grade. Students begin their foundation in economics by first examining biblical principles of economics. In fifth grade, our students learn to apply these economic principles through microeconomics. They examine situations in their daily life and begin understanding the economic principles which ought to guide them.
Our sixth grade students tackle monetary policy. By reading Peter Schiff's How an Economy Grows and Why It Crashes, students are able to understand the primary functions of money. They learn about trade, the value of legal tender and how governments usurp the free- market process by printing money, causing inflation and bringing about economic disasters.
Our seventh and eighth grade students use the Ludwig von Mises Institute economics curriculum for high school students. The Institute’s curriculum uses free-market principles to study both microeconomics and macro- economics. Seventh and eighth grade students also play the Stock Market Game. They compete against each other and against students at other schools to learn principles in investing and portfolio management.
By high school our Fairfax Christian School students are ready for university-level economics and business classes. These classes give our students a solid foundation in free-market economic principles which will serve them well regardless of the major they may choose at their universities.
Our survey course of American capitalism, “American Economic Freedom,” is a great introduction to our economics and business classes for high school students. In this class, students participate in hands-on entrepreneurship, apply free-market economic principles, learn about marketing and study the history of American business.
High school students may also take the Advanced Placement (AP) Microeconomics class and the AP Macroeconomics class. For both of these classes, students use the same textbooks as college students at George Mason University.
Students also read Economics in One Lesson by Henry Hazlitt, The Road to Serfdom by Friedrich Hayek, the economics essays of Ludwig von Mises, Free to Choose by Milton and Rose Friedman and The Law by Frederic Bastiat. We also offer university-level courses in Accounting, Speech & Debate and Business Law.
This vast survey of free-market economic principles, starting in the lower school and continuing through to the high school, gives Fairfax Christian School students a competitive advantage which will benefit them throughout their lives. They have an understanding of how economies work and how to apply their skills to succeed and to make the world a better place.