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Economics, 3rd Edition | [The Great Courses, Timothy Taylor]

Economics, 3rd Edition

Economic issues are active in our lives every day. However, when the subject of economics comes up in conversation or on the news, we can find ourselves longing for a more sophisticated understanding of the fundamentals of economics. These 36 lectures will help you think about and discuss economic issues that affect you and the nation every day-interest rates, unemployment, personal investing, budget deficits, globalization, and many more-with a greater level of knowledge and sophistication.
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Publisher's Summary

Economic issues are active in our lives every day. However, when the subject of economics comes up in conversation or on the news, we can find ourselves longing for a more sophisticated understanding of the fundamentals of economics.

These thirty-six lectures will help you think about and discuss economic issues that affect you and the nation every day-interest rates, unemployment, personal investing, budget deficits, globalization, and many more-with a greater level of knowledge and sophistication. They require no special or advanced knowledge of mathematics. Instead, you'll learn economics through intuitive explanations and in plain English.

Professor Taylor's first 18 lectures focus on "microeconomics," or looking at economics "from the bottom up." You'll study the behavior of individuals, households, and firms; and how they interact in markets for goods, labor, and saving and investment. Topics in microeconomics include: supply and demand in the free market, monopolies and regulated competition, and public goods.

The second eighteen lectures cover "macroeconomics," or studying the economy "from the top down." Here you will examine the factors that help economists evaluate the economy on a national and global scale. Among these macroeconomic issues are: common ways the government taxes and spends, the relationship between employment and inflation, and international exchange rates.

Throughout, Professor Taylor helps you apply what you are learning to many of today's most frequently discussed and misunderstood issues.

Disclaimer: Please note that this recording may include references to supplemental texts or print references that are not essential to the program and not supplied with your purchase.

©2005 The Teaching Company, LLC (P)2005 The Great Courses

What Members Say

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  •  
    Linda Chan 09-18-13
    Linda Chan 09-18-13 Member Since 2013
    HELPFUL VOTES
    7
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    "Econmics, 3rd Edition"
    What did you love best about Economics, 3rd Edition?

    I enjoyed this lecture series. Enough to listen a second time; both for better understanding and for more recall for conversations with friends. The narration was great. Professor Taylor is a gifted speaker. My only negative comment is that this series was produced at least 10 years ago. Audible's release date makes it seem more current.


    7 of 7 people found this review helpful
  •  
    Casey Upland, CA, United States 09-24-13
    Casey Upland, CA, United States 09-24-13 Member Since 2015
    HELPFUL VOTES
    4
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    "Really enjoyed this course"
    What made the experience of listening to Economics, 3rd Edition the most enjoyable?

    I've been looking for a way to digest a lot of the economic principles out there and I found it in this course. I consider myself pretty business and economics savvy and wanted something that could help me get my mind around some of the fundamentals that I glazed over in college. The format of this lecture was way better than any book I could find (especially seeing as I kept falling asleep while reading them).

    I recommend this course.


    4 of 4 people found this review helpful
  •  
    Jagerbomber 05-12-14
    Jagerbomber 05-12-14 Member Since 2013
    HELPFUL VOTES
    3
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    "Outstanding, albeit dated, primer on economics."
    Would you recommend this audiobook to a friend? If so, why?

    Yes, provides a soid foundation of economic concepts. I would warn that the information is slightly dated (recorded in 2005 I believe), which means some of the lessons learned from the most recent economic problems of the world won't be covered. That said, the lecturer provides ample theoretical and historical examples for most concepts, which helped made difficult concepts clear.


    Who was your favorite character and why?

    N/A


    What about Professor Timothy Taylor’s performance did you like?

    Did a great job of making the rather dull topic interesting. The jokes he told to break up the topic, while not standup material, were humorous enough that I found them enjoyable. Gave frequent examples, both theoretical and historical, to put the concepts in the real world. Great work all around.


    Was this a book you wanted to listen to all in one sitting?

    Probably not. I firmly believe the lecturer did a great job, one can only handle so much economics before the eyelids get heavy. But in his defense, I'm not sure anyone could liven up the topic enough to justify 18hrs straight of econ.


    Any additional comments?

    Great for learning what not to fall for in news reports. Also, did a great job of not getting too into politics. Bravo!

    3 of 3 people found this review helpful
  •  
    ben 07-24-14
    ben 07-24-14
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    "EXCELLENT INFORMATION! VERY VALUABLE!"

    These sets of lectures are far from boring, they are fascinating and very applicable to real life! I think that EVERYONE should have a better understand of economics to make good financial decisions in their lives, and this set of lectures is perfect for that!

    1 of 1 people found this review helpful
  •  
    Richard Weston, FL, United States 03-10-14
    Richard Weston, FL, United States 03-10-14 Member Since 2013

    Favorite reading categories include Business, Classics and History.

    HELPFUL VOTES
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    "A good primer on Economics"
    If you could sum up Economics, 3rd Edition in three words, what would they be?

    This course is a good primer on Economics. The lectures are well-organized and coherently presented. This is a very good listen for a beginner to Economics or someone looking for a refresher course.


    1 of 1 people found this review helpful
  •  
    Michael 12-06-13
    Michael 12-06-13

    Classics, history, historical fiction, marketing, Napoleonic stuff and of course 'Boys own Adventure'. This is my bent. Occasional self help as well.

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    "Excellent summary"

    Very easy to follow and a great introduction to the world of economics. Rather long, but worth it if you want to catch onto economics. Professor Timothy Taylor is excellent at presenting the stuff and I must admit I was lost sometimes, which indicates to me I probably should do a second listening. Excellent course.

    1 of 1 people found this review helpful
  •  
    Emalvin Fayetteville, GA, United States 07-23-13
    Emalvin Fayetteville, GA, United States 07-23-13 Member Since 2013
    HELPFUL VOTES
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    "Easy to understand,great prep for a college course"

    The author has great examples that illustrate the concepts in an easy to understand manner. It was enjoyable!

    2 of 3 people found this review helpful
  •  
    maria 08-24-14
    maria 08-24-14 Member Since 2015
    HELPFUL VOTES
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    "IF ONLY AUDIBLE.COM PROVIDED THE NECESSARY ETEXT"
    Would you recommend this book to a friend? Why or why not?

    THIS IS AN AMAZING INTRODUCTION TO ECONOMICS THAT WONT PUT YOU TO SLEEP BUT I WOULD NOT HAVE PURCHASED IT IF I KNEW THAT AUDIBLE.COM DOES NOT GIVE YOU ALL OF THE SUPPLIMENTARY DOCUMENTS OR EVEN AN ETEXT TO FOLLOW.


    What was one of the most memorable moments of Economics, 3rd Edition?

    THE PROF IS VERY ENTERTAINING


    Which scene was your favorite?

    NONE IM A NERD


    Do you think Economics, 3rd Edition needs a follow-up book? Why or why not?

    NEEDS TO COME WITH SUPPLEMENTARY TEXT AND YES A FOLLOW UP THERE IS MUCH MORE TO SAY


    Any additional comments?

    I WANT ACCESS TO ALL THE SUPPLIMENTARY TEXT THE AUDIO REFERS TO AND IF THERE IS SUPPLIMENTARY MATERIAL THAT AUDIBLE.COM DOES NOT GRANT THERE SHOULD BE A WARNING

    3 of 5 people found this review helpful
  •  
    Pablo Nevares Chandler, AZ USA 04-14-15
    Pablo Nevares Chandler, AZ USA 04-14-15 Member Since 2015
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    "Great course and speaker. Needs an update."

    The lecturer was excellent and The material was very engaging. However I found myself constantly wondering what could have been covered about the housing crisis, the TARP, and how technology companies and the VCs backing them fit into the topics discussed. I'd buy an updated edition immediately.

    0 of 0 people found this review helpful
  •  
    Matt Lopez Colorado Springs, CO, US 03-17-15
    Matt Lopez Colorado Springs, CO, US 03-17-15 Member Since 2011
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    7
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    "Stimulating and educational"

    This was a great and accessible lecture series for the average person who has had no contact with a formal economics course. It furnishes you with the basics in vocabulary and concepts that are pertinent to everyday news and life in general. I highly recommend this.

    0 of 0 people found this review helpful
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  • Chris
    3/20/15
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    Performance
    Story
    "Very good introduction to the dismal science"

    I came to this course slightly skeptical because of the topic. Economics is a subject that uses graphs and formulae a lot and so can tend to not lend itself well to audio without video. However, Prof. Taylor does a brilliant job of avoiding these issues. When a graph is unavoidable (e.g. supply and demand), he describes it simply and it is very easy to get what he is saying. As for equations, I think there are only two in the course and they are extremely simple and he explains them in words very well.

    The course is split between micro- and macro-economics. The first half is micro- so people and businesses and how we interact. This section was incredibly interesting, but I found a lot of it was already in my brain due to Planet Money podcasts. However, hearing the actual definitions and a wealth of examples made the ideas much more solid and understandable.

    The macro- side was absolutely brilliant. The lectures were written before the '07 crash but the theory remains incredibly relevant. This course left me with a much better understanding of the global financial situation, and the differing opinions on how to sort out the various problems. There are even a couple of painful moments where he mentions in passing important causes of the crash and how they concern him!

    Economics can be a dry subject. I would definitely not suggest sitting down and listening to these lectures in bulk. However, if you want to understand the news, how businesses think and how you should act with regards to your economic environment, this is a perfect place to start. The Prof also does keep the mood light. I certainly will be looking at the other economics great courses to see more in depth topics.

    1 of 1 people found this review helpful
  • Myles
    1/30/15
    Overall
    Performance
    Story
    "Economics, made easy"

    A good book on economics, well explained and easy to listen to for each section.
    worth the money.

    1 of 1 people found this review helpful
  • Andrew
    7/7/14
    Overall
    Performance
    Story
    "Funny & Informative"
    Would you listen to Economics, 3rd Edition again? Why?

    I have listened to it twice already, learning different things with each listen.


    What was one of the most memorable moments of Economics, 3rd Edition?

    Supply & Demand.


    What about Professor Timothy Taylor’s performance did you like?

    His enthusiasm towards the subject and his presentation.


    Did you have an emotional reaction to this book? Did it make you laugh or cry?

    It made me laugh but also challenged the way I thought.


    Any additional comments?

    It's also a good listen when writing essays on another subject: I am listening to it again.

    1 of 1 people found this review helpful
  • YB
    London
    4/12/15
    Overall
    Performance
    Story
    "Economics as it should be taught..."
    If you could sum up Economics, 3rd Edition in three words, what would they be?

    Economics explained, understood


    Who was your favorite character and why?

    N/A


    Which scene did you most enjoy?

    N/A


    Was there a moment in the book that particularly moved you?

    GW Bush's tax cut policy as an example of the difficulty of discretionary fiscal policy drove the point home.


    Any additional comments?

    N/A

    0 of 0 people found this review helpful
  • Mr. Acapella
    Cornwall, UK
    9/29/14
    Overall
    Performance
    Story
    "Comprehensible"

    Lucid introduction to economic concepts. Well read by the author in lecture style. Would be more interesting if there was more attempt to relate these concepts to happenings in the real world, economic history in short. Hence just 4 stars.

    0 of 1 people found this review helpful
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