Economics, 3rd Edition

By: Timothy Taylor, The Great Courses

Narrated by: Timothy Taylor

Length: 18 hrs and 36 mins

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.

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

Fantastic job!

This is as good as it gets for an economics course. However, this is not easy listening. Any daydreaming during the listen will leave the audience completely lost. The lecturer is so engaging... Wish he could do other topics as well.

Excellent overview of economics

I've been looking for an informative survey on microeconomics and macroeconomics and this was just what I got. The lecturer explains things well in a well-organized course. He also explains complex terms. Only drawback is that the course seems about 14 years old.

excellent but needs to be updated

professor is well spoken, unbiased, makes excellent points. however, need a new edition to get a 5 star, excellent otherwise.

Good but outdated

It's a great introductory course, but it was created in the mid-2000s, before the Great Recession, so it's in a great need for an update

top notch intro to ideas (not math)

if you want a great introduction of the concepts that you would employ to think about the economics both micro and macro this is a great start. you don't need a ton of math to improve your basic understanding of the relationship between factors.

Great Course but Requires Update

This course was recorded in 2005, and since then the 2008 financial crisis occurred, crypto currencies have gained momentum and now also covid-19 have impacted the world economy in interesting ways.

The fundamental principles of economics remain unchanged, but insights into what is happening now would be valuable in this course.

The most efficient way to learn economic concepts

What made the experience of listening to Economics, 3rd Edition the most enjoyable?

I have many friends who are economic illiterates (Bernie Sanders supporters) so finding a political neutral discussion where they can be educated while not being offended was a real win.

Brilliant

Professor Taylor is engaging and informative. I wish I could have taken this course 20 years ago. Will be downloading more.

Great introductory course

This is a great course for people who does not have a lot of background regarding the subject. The narration is excellent as well.

Excellent Overview of Economics , both Micro and M

This audio book was excellent. It provided an overview of both micro and macro economics. My only wish is that it was more updated. All of the statistics are about 15 years old