Economics of the Real World - Orange

FEE Seminar (Ages 14 - 17)
Friday, June 17, 2016 - Monday, June 20, 2016
Chapman University | Orange, CA

Economics of the Real World - Orange

This seminar is not about checkbooks and finance. It’s about better understanding the decisions people face and the choices they make. Economic thinking gives you the tools to comprehend the news, the election, and the world around you.

Economics should not be left to professors and certified professionals in government agencies or financial firms; it belongs to everyone as we use this knowledge every day. At this seminar for students 14-17 years of age you will:

  • explore top current issues and events from an economist’s perspective
  • learn about the virtues of value creation
  • acquire the superpowers of economic thinking that will help you see the world in a whole new way

The most common response from students after a FEE seminar is, “Why haven’t I heard about these ideas before?”

If you are ready for 3 days that will change your life, then apply to a FEE summer seminar today! Applications close on March 31, 2016.


Friday, June 17

  • 11:00 - 4:00 pm: Check-in
  • 4:15 - 5:00 pm: Opening Remarks
  • 5:00 - 5:45 pm: What Kind of World do You Want to Live In? (TK Coleman)
  • 6:00 - 7:15 pm: Dinner
  • 7:15 - 8:00 pm: Discussion
  • 8:00 - 8:15 pm: Evening Announcements
  • 8:15 - 9:00 pm: Ice Cream Social
  • 10:15 pm: Bed Checks

Saturday, June 18

  • 7:45 - 8:45 am: Breakfast
  • 9:00 - 9:45 am: How Economics Helps you Understand the World (Michael Clark)
  • 10:00 - 10:45 am: The Role of Institutions (Abby Hall)
  • 11:00 - 11:45 pm: Trading Game Activity
  • 11:45 - 1:00 pm: Lunch
  • 1:00 - 1:45 pm: How  Individual Action Runs the World (TK Coleman)
  • 2:00 - 2:45 pm: Thinking about the Tough Issues (Abby Hall)
  • 2:45 - 4:30 pm: Free Time
  • 4:30 - 5:15 pm: The Economics of Politics (Michael Clark)
  • 5:30 - 6:15 pm: Discussion
  • 6:15 - 6:30 pm: Feedback Collection
  • 6:30 - 7:30 pm: Dinner
  • 7:30 - 8:30 pm: Seminar Olympics Scavenger Hunt
  • 8:30 - 10:00 pm: Free Time
  • 10:15 pm: Bed Checks

Sunday, June 19

  • 7:45 - 8:45 am: Breakfast
  • 9:00 - 9:45 am: Good Intentions or Good Results? (Abby Hall)
  • 10:00 - 10:45 am: Activity
  • 11:00 - 11:45 pm: Economics in One Lesson Reading Discussion
  • 11:45 - 1:00 pm: Lunch
  • 1:00 - 1:45 pm: Entrepreneurship - Not Just for Rich Geniuses (TK Coleman)
  • 2:00 - 2:45 pm: Virtues of Markets (All Faculty)
  • 2:45 - 4:30 pm: Free Time
  • 4:30 - 5:15 pm: An Interview with Entrepreneur Pari Schacht
  • 5:30 - 6:15 pm: Faculty Q&A Panel
  • 6:30 - 7:30 pm: Dinner
  • 7:30 - 8:00 pm: Closing Remarks and Final Feedback Collection
  • 8:00 - 9:00 pm: Seminar Olympics & Awards Ceremony
  • 10:15 pm: Bed Checks

Monday, June 20

  • 7:45 - 8:45 am: Breakfast
  • 8:00 am - 12:00 pm: Students Depart


Michael Clark received his Ph.D. in economics from George Mason University in January of 2011. His dissertation focused on the rhetoric of liberty in Adam Smith. His committee consisted of 3 prominent libertarians: Tyler Cowen, Peter Boettke, and Daniel Klein. Currently, he is in his fourth year as an assistant professor at Hillsdale College. At Hillsdale, Michael has been an active member of the faculty teaching a variety of classes, running the economics honorary, engaging in non-classroom events, and becoming the personal advisor for many students. His hard work has led him at a very early stage of his career to be selected as Hillsdale College's Wallace and Marion Reemelin Chair in Free-Market Economics. Previously, he has taught at the University of Baltimore, and his consistently high student evaluations earned him a University of Baltimore School of Business top teacher award in 2009. While his passion lies in the classroom, his research has also been fruitful. He has three co-authored publications and one published book review. His research focuses on political economy and Adam Smith.

T.K. Coleman is a philosopher and entrepreneur living in Los Angeles, California. He graduated with a Bachelor’s Degree in Philosophy & Comparative Religion from Western Michigan University and has worked as a licensed financial adviser for American Express, a Corporate Trainer for National Seminar Group, a Director of Business Development for Rock City Films Entertainment, and an Educator for the Continuing Education Divisions at Graceland University and Rockhurst University. T.K. is currently the Education Director for Praxis and he blogs daily on self-determinism, creativity, and philosophy at

Abby Hall is an Assistant Professor in Economics at the University of Tampa in Tampa, Florida and a Research Fellow with the Independent Institute, a non-partisan research and educational think tank based out of Oakland, California. She earned her PhD in Economics from George Mason University in Fairfax, Virginia in 2015. Her broader research interests include Austrian Economics, Political Economy and Public Choice, Defense and Peace Economics, and Institutions and Economic Development. Her work includes topics surrounding the U.S. military and national defense, including, domestic police militarization, arm sales, weapons as foreign aid, the cost of military mobilization, and the political economy of military technology. She is currently researching how foreign intervention adversely impacts domestic political, social, and other institutions.

While teaching at New Trier High School, Pari Schacht found that she was able to give her students the highest caliber of education while working with them one-on-one and customizing to their needs. She has since grown her passion into an elite fleet of over 150 tutors who are chosen because of their ability to teach, nurture and relate to students. Pari originally founded Nurturing Wisdom in Chicago and has now expanded it to San Francisco. As the company grows, Pari remains dedicated to putting our students first, seeking the right match between tutor and student, and maintaining the highest standards in recruiting tutors.

Travel Information

You should plan to arrive at Chapman University (1 University Dr, Orange, CA 92866) no later than 3:00 pm on Friday, June 17th, and all participants are required to depart by 12:00 pm on Monday, June 20th.

We recommend you fly into either Los Angeles International Airport (LAX) or John Wayne Airport (SNA). LAX is about 45 minutes  from Chapman University. John Wayne Airport is a regional airport and about 15 minutes from Chapman; however, flights may be more expensive. FEE will provide a shuttle to campus from each airport on arrival day and back to each airport on departure day.

Because of the travel time to and from the campus, please choose an LAX flight that arrives before 1:00 pm or an SNA flight that arrives before 2:00 pm on Friday, June 17th. For departure flights, please choose an LAX flight that leaves after 9:30 am and an SNA flight that leaves after 8:00 am on Monday, June 20th.

You will be staying in double occupancy dorm rooms with a roommate of your same gender and will share a private bathroom with your roommate. Please note that linens are NOT provided, so you will be responsible for bringing sheets (size twin extra long) & a blanket or a sleeping bag as well as a pillow, towels, and toiletries.