Principles of Praxeology Part I - Introduction

This intensive course of ten units provides a clear and structured exploration of the fundamental principles that govern all human decision-making, economic exchange, entrepreneurship, and social interaction.

Designed for students, professionals, and curious minds, this course, "Principles of Praxeology", explains:

• What distinguishes action from mere behavior

• Why methodological individualism is essential for understanding society

• How purposeful choice, time, uncertainty, and knowledge shape economic processes

• Why markets function as discovery procedures

• Why central planning necessarily fails

• How praxeology provides the logical foundation for economics

"Principles of Praxeology", with its concise, accessible, and logically structured format, is the ideal path for anyone seeking to understand the deeper philosophical and analytical roots of human action. This intensive course provides a clear and compelling introduction to praxeology, the powerful analytical framework for understanding human action. You will learn how purposeful human action shapes markets, institutions, and social order — all explained in a concise and structured way that also makes advanced ideas easy to grasp.

Inside the course, you’ll receive professionally prepared slides, precise explanations of key concepts (action, choice, time, uncertainty, entrepreneurship), and carefully designed reflection questions that help you internalize the material and apply it to real-world situations. Whether you are a complete beginner or an experienced student of economics, the course guides you step by step through the core logic of human action and its implications for society.

You will also discover why attending this course provides insights that empirical social sciences, history, psychology, and other mainstream academic approaches cannot deliver. Praxeology equips you with the foundational reasoning skills needed to understand both yourself and the world around you at a deeper and more coherent level.

Every student who finishes the course requirements may apply for an official Certificate of Completion from the International Mises Academy (IMA), confirming mastery of the core principles and offering an excellent addition to your academic or professional profile. Upon completing the course requirements, students may apply to receive a Certificate of Completion from the International Mises Academy (IMA).