At the core of Austrian Economics are people voluntarily transacting in goods and services. Building rational arguments based upon knowledge of human behaviors, Austrian Economics creates a consistent theory of economics that explains macro-economic phenomena from many individual micro-economic transactions. Classical micro-economics is therefore one of the basic fundamentals of Austrian Economics, and a solid understanding of classical supply and demand models and how prices are determined in the free market are essential to the understanding of Austrian Economics. I am also starting here because many people will be familiar with these lessons and are likely to agree with them because they have widespread acceptance among many schools of economic thought. I have found these lectures on youtube to convey this basic lesson.
Lecture 1: Law of Demand - http://www.youtube.com/watch?v=xrZqbL0bs8Q
Lecture 2: Non-Price Demand - http://www.youtube.com/watch?v=i691r3dmc2E
Lecture 3: Law of Supply - http://www.youtube.com/watch?v=RF8pY9WrFc4
Lecture 4: Non-Price Supply - http://www.youtube.com/watch?v=B_7780GkHZg
Lecture 5: Supply and Demand - http://www.youtube.com/watch?v=0hGRce6CICY
