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Thinking Like an Economist: A Guide to Rational Decision Making Lecture

Thinking Like an Economist: A Guide to Rational Decision Making

Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.
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Publisher's Summary

Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.

Requiring no previous economics background, Professor Bartlett presents some of the fundamental principles and concepts that shape the lenses through which economists view the world. He then shows you how to use these simple analytical tools to understand what you see through those lenses. By learning to identify the many varied situations in which economics affects your life and how to wield the tools that can help you make the wisest choices in those situations, you'll enhance not only your understanding of daily life but your own success in living it.

Packed with case studies, helpful strategies, economic insights, and more, this series will equip you with a reliable toolkit for thinking more like an everyday economist and approach the issues in your own life with a more educated, seasoned eye. And after these dozen lectures with Professor Bartlett, things really will look very different. You'll see how basic economic ideas like incentives, risks, rewards, and rationality are not just the province of professional economists, government policymakers, or your local bank's loan officer, but instead lie at the root of nearly every decision you must make in your daily life.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2010 The Teaching Company, LLC (P)2010 The Great Courses

What Members Say

Average Customer Rating

4.5 (336 )
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Performance
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  •  
    Kindle Customer 10-20-14
    HELPFUL VOTES
    4
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    "Economists as Kindergartners"
    Would you recommend this book to a friend? Why or why not?

    I would recommend but only for a few of the "nuggets" relevant to everyday life that one encounters throughout the series.


    What other book might you compare Thinking Like an Economist: A Guide to Rational Decision Making to and why?

    "Skepticism 101: How to Think like a Scientist" and "Mistakes Were Made (But Not By Me)"


    Which scene was your favorite?

    The sections on game theory, relative value and risk had some good information


    Could you see Thinking Like an Economist: A Guide to Rational Decision Making being made into a movie or a TV series? Who should the stars be?

    No


    Any additional comments?

    In several key areas the professor engages the listener in descriptions of actions that are well-documented but proceeds to state that their cause is a mystery. In each case the scientific literature relevant to the answer can be found but is apparently unknown to the professor, although most were addressed in non-economic disciplines. (i.e. cognitive dissonance) Also, his lecture on the tragedy of the commons seemed to indicate that the solution is a larger and more complex common resource, government, which leaves the stakeholders more disparate then in the localized example given.

    4 of 4 people found this review helpful
  •  
    Cynthea Wellings 03-09-14
    HELPFUL VOTES
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    "A difficult subject made easy!"

    I have found this the best set of lectures on economics so far. The presenter paces himself. explains a concept and then gives an anecdote. This has enabled me to comprehend relatively difficult concepts with ease.
    I own a small business and have never really understood a lot of the terms used in the modern press that relate to finance. I wish I had learned this information at the beginning of my career. It would have helped me enormously.
    I give this 5 stars.

    9 of 10 people found this review helpful
  •  
    V. Taras 07-08-15
    V. Taras 07-08-15 Member Since 2015
    HELPFUL VOTES
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    "Great for beginners, nothing you for an economist"

    Strictly speaking, there is really nothing new in this book for people who either took courses in economics or read some of the popular books on the topic. It's really a very superficial presentation of some of the fundamental assumptions of economics. However, if you have no prior training or exposure to economics and would like to learn some basics, this is a fun series of non technical lectures that you will probably enjoy and learn from.

    1 of 1 people found this review helpful
  •  
    John Skaneateles, NY, United States 07-06-15
    John Skaneateles, NY, United States 07-06-15 Member Since 2015
    HELPFUL VOTES
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    "Economics for dummies"

    This is a very basic introduction to Economics. So much so that much of it is just common sense and not at all enlightening. You would not know that from the lecturer who presents his material as if pulling back the curtain on the secrets of the universe. I found his delivery somewhat grandiose and corny. He must have repeated the phrase "think like an economist" a thousand times. Ok, we get it, it's an economics course, no need to constantly repeat it!

    I don't know a whole lot about economics and yet I don't think I learned anything new in this course. It might be good if you know absolutely nothing about economics and rational decision making but I doubt most people buying The Great Courses on Audible fall into this category.

    1 of 1 people found this review helpful
  •  
    Phil O. San Diego, CA, United States 03-19-14
    Phil O. San Diego, CA, United States 03-19-14 Member Since 2011
    HELPFUL VOTES
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    "Clear, useful, accessible"

    It was a pleasure to listen to this. I never found myself zoning out or wondering (as I often do) when the speaker will cut through the fuzzy jargon and get to the point. The points are all set out. This has helped me think more clearly in my own decisions, and express myself more clearly in my own business teaching.

    5 of 7 people found this review helpful
  •  
    Shrut NEW YORK, NY, United States 02-27-14
    Shrut NEW YORK, NY, United States 02-27-14
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    "Great Narration!"
    Would you listen to Thinking Like an Economist: A Guide to Rational Decision Making again? Why?

    Yes. It has great examples with lessons that can be inculcated in life.


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

    No


    Any additional comments?

    This is the best of the "Great courses" that I have heard so far. Great narration and awesome examples. Something for everyone to learn.

    2 of 3 people found this review helpful
  •  
    Andrew Johnson 12-07-15 Member Since 2015
    HELPFUL VOTES
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    "Good course for listening"

    This was a good course to listen to. It was interesting material and did not require notetaking or calculations. I give it five stars!

    0 of 0 people found this review helpful
  •  
    JB 10-09-15
    JB 10-09-15
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    "Great intro for armchair or will-be economists"

    Whether you are an armchair economist without education or title like me or are considering entering into economics as a profession, this book is a great introduction and overview. Highly recommended!

    0 of 0 people found this review helpful
  •  
    Amazon Customer 08-08-15 Member Since 2012
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    "Informative and Practical"
    Would you consider the audio edition of Thinking Like an Economist: A Guide to Rational Decision Making to be better than the print version?

    Same content, different medium. Can't read a book while walking my dog.


    What did you like best about this story?

    Excellent content and solid narration.


    What does Professor Randall Bartlett bring to the story that you wouldn’t experience if you just read the book?

    Audiobooks are more accessible during my commute and dog-walking time. I like books, too!


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

    No. Chapter by chapter with some time to digest and consider the content.


    0 of 0 people found this review helpful
  •  
    Fabrizio 06-08-15
    Fabrizio 06-08-15
    HELPFUL VOTES
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    "Potentially life-changing."

    I cannot say this for myself, since I am since long a fan of Freakonomics and interested in behavioral economics, but to those who are looking for something that could really change their lives for the best, this is absolutely a must.
    Clear, actionable and with the right tempo and digressions.

    0 of 0 people found this review helpful
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  • mr
    west sussex, United Kingdom
    7/3/14
    Overall
    Performance
    Story
    "Could not be better."

    Complex topic covered simply, easy to follow and useful. The lecturer is fantastic, excellent delivery and content.

    2 of 2 people found this review helpful

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