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Economics, 3rd Edition | [The Great Courses]

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

Average Customer Rating

4.4 (114 )
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  •  
    Linda Chan 09-18-13
    Linda Chan 09-18-13 Member Since 2010
    HELPFUL VOTES
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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 2013
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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.


    3 of 3 people found this review helpful
  •  
    gerry milton, ON, Canada 06-05-14
    gerry milton, ON, Canada 06-05-14 Member Since 2010
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    "Economics Could be more Interesting"

    I had fair understanding of economics before reading this based upon a lot of loose ideas gained through years of general knowledge of the world, but no formal structured understanding. This book does provide a solid foundation for the subject and it structures it in a way that provides rationale for this important the area of study..... but it is quite boring to listen to. Unfortunately that is the nature of the subject and I am not sure how to rate this as the"story". Nonetheless it is the reason for my 2 stars and the second half was better.

    The professor obviously has a mastery and a love of the subject matter but you can tell that he is a 'wet talker', where he tends to build up saliva in his mouth and it trips up his word delivery. This is just a natural way that some people talk and is no big deal, but since I had to listen to him for 18 hrs, I am also just stating the fact that it was annoying. I have listened to other Learning Company lectures and understand the charm of having the raw performance of a professor delivering material. It actually has provided a more interesting experience than a polished narrator, but in this case I did not enjoy the professor's performance flaws.

    1 of 1 people found this review helpful
  •  
    Jagerbomber 05-12-14
    Jagerbomber 05-12-14 Member Since 2013
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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!

    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 2010
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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
  •  
    ben 07-24-14
    ben 07-24-14 Member Since 2014
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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!

    0 of 0 people found this review helpful
  •  
    Catherine 05-09-14
    Catherine 05-09-14 Member Since 2014
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    "I am smarter now"
    What made the experience of listening to Economics, 3rd Edition the most enjoyable?

    The narrator knows what his reading


    What was your reaction to the ending? (No spoilers please!)

    Did not finish yet.


    Have you listened to any of Professor Timothy Taylor’s other performances before? How does this one compare?

    Not yet.


    If you were to make a film of this book, what would the tag line be?

    Still need to finish the book.


    0 of 0 people found this review helpful
  •  
    Mark B 03-23-14
    Mark B 03-23-14 Member Since 2012
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    "Interesting overview of Economic Concpets"
    What made the experience of listening to Economics, 3rd Edition the most enjoyable?

    The insights into how the economy functions, and how to think more critically about information I hear in the news, from politicians, etc.


    Any additional comments?

    Good choice if you want an overview of Economic concepts. Nice foundation for further reading.

    0 of 0 people found this review helpful
  •  
    Richard Weston, FL, United States 03-10-14
    Richard Weston, FL, United States 03-10-14 Member Since 2011

    Favorite reading categories include Business, Classics and History.

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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.


    0 of 0 people found this review helpful
  •  
    Michael Sydney, Australia 12-06-13
    Michael Sydney, Australia 12-06-13 Member Since 2007

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

    HELPFUL VOTES
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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.

    0 of 0 people found this review helpful
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  • Andrew
    7/7/14
    Overall
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    "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
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