Regular price: $41.95

Membership details Membership details
  • A 30-day trial plus your first audiobook, free.
  • 1 credit/month after trial – good for any book, any price.
  • Easy exchanges – swap any book you don’t love.
  • Keep your audiobooks, even if you cancel.
  • After your trial, Audible is just $14.95/month.
OR
In Cart

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

What members say

Average Customer Ratings

Overall

  • 4.5 out of 5 stars
  • 5 Stars
    619
  • 4 Stars
    247
  • 3 Stars
    62
  • 2 Stars
    20
  • 1 Stars
    10

Performance

  • 4.5 out of 5 stars
  • 5 Stars
    599
  • 4 Stars
    183
  • 3 Stars
    51
  • 2 Stars
    13
  • 1 Stars
    6

Story

  • 4.5 out of 5 stars
  • 5 Stars
    528
  • 4 Stars
    216
  • 3 Stars
    62
  • 2 Stars
    18
  • 1 Stars
    11
Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

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.

35 of 35 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Casey
  • Upland, CA, United States
  • 09-24-13

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.

18 of 18 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Dr.Adrian
  • Odenton, MD, United States
  • 12-27-16

Solid Foundation

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

The course was well organized and provided a useful PDF.

What did you like best about this story?

The best parts of the 'story' were the lectures on trade, fiscal policy, and the summary of the final lecture.

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

This is the first lecture that I've listened to by Professor Taylor.

If you could give Economics, 3rd Edition a new subtitle, what would it be?

Economics, 3rd Edition 2005

Any additional comments?

This course was for the individual seeking a basic level of sophistication in economic matters. I definitely fit that bill. As with the many other Great Courses, this one delivered as promised. It was well organized with each topic built on top of each other and the PDF provided proved to be an excellent pre-read. The 1st 18 lectures focused on microeconomics and the 2nd 18 focused on macroeconomics.

I was particularly interested in topics of Labor Markets, Antitrust Policy, Poverty and Welfare, Fiscal Policy, and Free Trade. I finished the course with a stronger appreciation for the 'package of ingredients' required for economic growth: building human capital, build physical capital, creating new technologies, and maintaining strong legal and financial infrastructure for supporting markets.

The only issue I have is that this course was first published in 2005 which means no analysis is provided concerning the 2008 Financial Crisis. It would have been great to get his perspective within these lectures. Fortunately, I now feel that I have a strong enough economic foundation to see seek other texts that cover this period.

8 of 8 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
  • Richard
  • Ridgefield, CT, United States
  • 03-10-14

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.

8 of 8 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

From a math hater, highly recomended

Would you listen to Economics, 3rd Edition again? Why?

Absolutely, I learned so much about controlling finances and maneuvering the stock market, retirement tips, etc.

Any additional comments?

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.

6 of 6 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    2 out of 5 stars

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.

5 of 5 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars

Good read

1. Listening reader at 1.15 speed has a good drive and energy.
2. The material is explained nicely and have definitely learned something new.

4 of 4 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

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!

4 of 4 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Emalvin
  • Fayetteville, GA, United States
  • 07-23-13

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!

9 of 10 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

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!

7 of 8 people found this review helpful

Sort by:
  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
  • Chris
  • 03-20-15

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.

4 of 4 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Alex
  • 06-02-15

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.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars
  • Andrew
  • 07-07-14

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.

3 of 3 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Kanishka Sinha
  • 08-25-15

Fantastic course

I'm rating it after just a few chapters. Great and engaging reminder of the concepts and applications

1 of 1 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
  • YB
  • 04-12-15

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

1 of 1 people found this review helpful

  • Overall
    4 out of 5 stars
  • Performance
    4 out of 5 stars
  • Story
    4 out of 5 stars
  • Myles
  • 01-30-15

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

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Shuaib
  • 08-19-18

Good introductory reference/guide to Economics

The 36 lectures (each around 30 minutes) are nicely laid out/presented. Timothy nicely provides structure by starting with the usual microeconomic lectures (lectures 1-18), then this transitions to macroeconomics/international economics in lectures 19-36.

I say he gets it right when explaining economics issues/topics, by providing the definitions and the details first, then the case studies/examples towards the tail-end of the lectures. This made it easy to review the topics afterwards in the guide and capture the key points.

If you want learn some solid foundations about the economy and become an individual with some economic knowledge to contribute to the debate, look no further than these lectures.

  • Overall
    2 out of 5 stars
  • Performance
    3 out of 5 stars
  • Story
    2 out of 5 stars
  • SJC94
  • 02-01-18

Extremely basic

Over Simplistic and basic. There are much better free lectures on edx and YouTube that I was ill recommended over this,

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Alex Mcg
  • 10-12-17

detailed, thorough but engaging

a lot of these books and courses that are very valuable sit un finished becaude the writing is rigid and the narration dryer than an ausie's flip flop. luckily not this. examples, stories, opinion and an engaging tone lie on top of the concepts to keep attention on the matter at hand.

  • Overall
    3 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Michael Kosmides
  • 07-10-17

Outdated but interesting

Would you recommend this book to a friend? Why or why not?

No. It's a good primer but outdated (published in 2005) with examples and a sense of optimism that are not relevant any more.

What did you like best about this story?

Great lively performance by prof. Taylor.

Any additional comments?

Better to be listened to/studied with a critical mind that would reveal the problems neoliberal economists have with the 'real world'.

Sort by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Esta
  • 11-29-16

Comprehensive and excellent economics foundation

Where does Economics, 3rd Edition rank among all the audiobooks you’ve listened to so far?

Very high quality and educational book in the fundamentals. It rates toward the top of my audio books I have listened to so far.

What did you like best about this story?

The examples and his ability to keep things "real" and relatively easy to understand and follow.

What does Professor Timothy Taylor bring to the story that you wouldn’t experience if you had only read the book?

He is a very easy and enjoyable individual to listen to and it felt like I was sitting in his lecture hall deeply engrossed in what he was saying.

1 of 1 people found this review helpful

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Will
  • 08-08-18

Brilliant

really well spoken, doesnt get in to the politics at all. enjoyed every chapter !

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    4 out of 5 stars
  • Lilli
  • 02-13-17

Well explained information

Very good information on Economics generally. Timothy Taylor seems to be very passionate about Economics and is quite funny!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
  • Mark Aird
  • 01-23-17

Highly recommended!

I can't rate this highly enough. From basic through to complex economic knowledge (from the perspective of the naive listener like me), this covers the whole gamut. Prof. Taylor is an engaging and impassioned speaker who relates plenty of examples throughout the discourse.