1. First, introduce the model of long-run economic development.

2. In the video, John Stossel said that a few years after the Declaration of Independence, America was perceived as the most prosperous and freest country in the world. What is the connection between prosperity and freedom?https://youtu.be/y5yr9EFqITI

Support your answer with a personal experience (how you understand freedoms and how you evaluate your freedoms) and/or additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

3. Discuss what you learn about the most recent changes in U.S. economic freedoms.

• The SEC Is Starting a Massive Database of Every Stock Trade | Cato Institute
• Country Rankings: World & Global Economy Rankings on Economic Freedom
• U.S. Economic Freedom Index Collapses to Carter Administration Levels | AIER
• The Rise of Economic Fascism in America | Mises Wire
• Rich countries try radical economic policies to counter covid-19 | The Economist
• The state in the time of covid-19 | The Economist
• Emergency Powers and Civil Liberties During a Pandemic | Cato Daily Podcast

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

4. Outline the economic effects of the extended state power during Covid-19.How do changes in economic freedoms (and freedoms of speech) impact economic growth?7 things you need to know about the First Amendment | The Free Speech Center

Support your answer with a personal experience and/or additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

5. Hayek in "Road to Serfdom" argues that an increase in government control and regulations leads to a loss of individual freedom and ultimately to totalitarianism. Do you agree with this assessment? Can you think of any examples from current events that support or contradict this argument?

Support your answer with a personal experience and/or additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

6. Study how lockdowns affect human capital, and evaluate its impact on the future performance of the economy.

I encourage you to support your answer with personal experience and additional evidence from the following sources:

• Mises Institute
• Cato Institute
• Foundation for Economic Education

7. ReadConsumer Spending Drives the Economy? - Foundation for Economic Education. "COVID-19 is battering the U.S. economy,causing many businesses to cut back and close down. Policymakersare consideringa huge $1 trillion stimulus package with an array of subsidies designed to boost consumption. Pundits often say things like "70 percent of the economy is consumption" and "America has a consumer-driven economy." That leads them to think that reviving growth rests oninducing people to spend"Boost Supply, Not Demand, During the Pandemic | Cato at Liberty Blog

Can we say that consumer spending drives economic growth? Why? What are the sources of economic growth?

8. What role can refugees and immigrants play in rebuilding the economy? Is this a case wherethe lump of labor fallacyapplies?

• Countries should seize the opportunity to take in Ukrainian refugeesit could transform their economies
• Jennifer D. Sciubba: The truth about human population decline | TED Talk

9. What impact do you think AI will have on economic growth? Your future career? Explain. Use the model of long-run economic development.

Technology Is Meaningless without Entrepreneurship | Mises Wire

10. If you explore one question related to this topic in greater depth, what would it be?