First, the coursework at Caltech.

In addition, coursework on entrepreneurship and business management should also be part of school curricula.

Such coursework both prepares students for the rigours of managing enterprises, as well as helps facilitate a culture of entrepreneurship.

I did the coursework because understanding computers is important to me, just like literacy and numeracy, and I made it through. I never worked harder on anything, never been challenged to this degree.

Indeed, though you may be excused for skepticism if you have not immersed yourself in years of advanced study in economics, coursework in a typical economics doctoral program produces a bewildering variety of policy prescriptions depending on the specific context. Some of the frameworks economists use to analyze the world favor free markets, while others don t.