In addition to gaining hands-on work experience, interns gather at the Institute on Tuesdays for professional development and management education, focusing mainly on Market-Based Management® (MBM®), a framework for understanding how an organization grows and prospers in the long term. Interns learn to apply economic thinking at their organization during the program and build their skills in order to improve well-being by advancing free societies throughout their career. Participants generally decide to work 20-40 hours a week, but all interns are required to spend Tuesdays at the Institute for the professional education and training portion of the program.
Tuesdays at the Institute are varied, but the curriculum usually consists of four broad components:
Workshops & Simulations: Interactive workshops taught by Institute instructors build practical skills like public speaking, writing, time management, and interviewing. Simulations bring to life concepts of economic thinking, incentives, vision, and integrity.
Reading Discussions: To understand the philosophical underpinnings of free societies, interns read selections from a variety of disciplines including management, economics, philosophy, and political science.
Speakers & Presentations: Interns are exposed to leaders and experts in policy, communications, non-profit management, and professional development.
Group Projects: Interns take educational concepts from theory to practice, applying economic thinking principles in team projects and reflecting on the results.
All components of the curriculum are mandatory for participants.
Sample Tuesday Schedule
8:45 Morning Coffee
9:00-9:15 Morning Meeting
9:30-10:30 Panel: Career in Academia
10:45-11:45 Speaker: Cronyism, Corporatism, and the Constitution
1:00-2:30 MBM Training: Guiding Principles Tool
2:45-3:45 Professional Development: Mock Interviewing
4:00-5:00 Reading Discussion: Role of Government