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.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2005 The Teaching Company, LLC (P)2005 The Great Courses
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.
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.
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.
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.
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.
Great for learning what not to fall for in news reports. Also, did a great job of not getting too into politics. Bravo!
Absolutely, I learned so much about controlling finances and maneuvering the stock market, retirement tips, etc.
I had just got a job as a bank teller, so I decided it might be prudent to learn a little about the financial industry. To my surprise, Professor Taylor was an absolute joy to listen to. He had a way of explaining things that appealed to a layman like myself, and I walked away the better for it.
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!
Favorite reading categories include Business, Classics and History.
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.
Classics, history, historical fiction, marketing, Napoleonic stuff and of course 'Boys own Adventure'. This is my bent. Occasional self help as well.
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.
The author has great examples that illustrate the concepts in an easy to understand manner. It was enjoyable!
Yes! This book is a recording of a man giving lectures to a class in 2005 and was not written nor edited as a book would have been. It is littered with situations where the speaker contradicts himself and confuses his own terminology in sentences succeeding one another. The class's information is not told in a linear fashion. There are times when the speaker starts on one subject and the goes astray and spends 15-20 mins on scenarios that have very little to do with the original point of the lesson. Many of the more complex ideas and thoughts are not thoroughly explained and are often glossed over with little detail. Some of the lectures have little to do with economics and far more to do with politics, regulations, and opinions of the teacher. Don't get me wrong I understand that politics and regulations are a huge part of the economic machine, but there rolls should be told THOROUGHLY and EXPLAINED with a non bias mentality.
As long as it is a well written book and not a recording of a class. I listen and thoroughly enjoy books by authors such as Brian Green, Neil Degrasse Tyson and Stephen Hawkings. Timothy Taylor is an intelligent man, but should teach his knowledge through written language with the help of a professional writer and editor. There are large areas of this book that are not easily digested to say the least.
As long as it is a well written book and not a recording of a class.
Yes. I have changed my strategy for retirment.
Timothy Taylor is an intelligent man, but should teach his knowledge through written language with the help of a professional writer and editor. There are large areas of this book that are not easily digested to say the least.
This course explains economic ideas in a very intuitive way. It is separated in two parts: microeconomics and macroeconomics. Microeconomics examines issues such as labor, loans, and private consumption, while macroeconomics examines issues such as the global market, banking, inflation, etc. The speaker even introduces an example from game theory to illustrate his point. This program is highly recommended for anyone looking to expand their understanding in such topics.
"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.
"Economics, made easy"
A good book on economics, well explained and easy to listen to for each section.
worth the money.
"Funny & Informative"
I have listened to it twice already, learning different things with each listen.
Supply & Demand.
His enthusiasm towards the subject and his presentation.
It made me laugh but also challenged the way I thought.
It's also a good listen when writing essays on another subject: I am listening to it again.
I loved it, engaging humorous in the right places, and we'll structured. I'd listen again for a refresher. It would have been 5 stars if the materials we provided but you can survive without.
I'm rating it after just a few chapters. Great and engaging reminder of the concepts and applications
"A very good overview of economics"
This lecture series is a very detailed and informative overview of the subject of economics.
One thing to consider though, especially if like me you are listening from the UK, is that the macroeconomics side of the lectures are mainly focused on the American economy. That being said it is still informative enough to know how economics works as a whole.
"Economics as it should be taught..."
Economics explained, understood
GW Bush's tax cut policy as an example of the difficulty of discretionary fiscal policy drove the point home.
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.
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