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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.

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 listeners say about Economics, 3rd Edition

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    5 out of 5 stars

Excellent intro... Clear, concise and entertaining

These lectures were excellent, this is my second from the Great Courses and I see no reason to stop.

This one in particular was well explained, to the point and very informative. If I had to choose something to complain it would be that, at times, Professor Taylor seemed unable to stay neutral and leaned over to the right a bit much.

All in all, an excellent product and well worth the time investment

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Well worth the Purchase

chalked full of information, pretty comprehensive understanding of economic theory implications and implementations. I would highly recommend to anyone looking to review or dive into this amazing field of study.

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Fantastic intro to economics

Perfect for anyone who would like an introduction to economics. Easy to understand, full of examples and clarifies complex ideas in simple language. Highly recommend.

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Worth the price

This was a great introduction to economics. It avoids constant calculations and focuses on building a foundation of the basic factors and approaches from an economic perspective.

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  • Linda Chan
  • 2013-09-18

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.

55 people found this helpful

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  • Casey
  • 2013-09-24

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.

27 people found this helpful

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  • Dr.Adrian
  • 2016-12-27

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.

20 people found this helpful

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  • Taylor
  • 2015-07-13

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.

12 people found this helpful

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  • maria
  • 2014-08-24

IF ONLY AUDIBLE.COM PROVIDED THE NECESSARY ETEXT

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

THIS IS AN AMAZING INTRODUCTION TO ECONOMICS THAT WONT PUT YOU TO SLEEP BUT I WOULD NOT HAVE PURCHASED IT IF I KNEW THAT AUDIBLE.COM DOES NOT GIVE YOU ALL OF THE SUPPLIMENTARY DOCUMENTS OR EVEN AN ETEXT TO FOLLOW.

What was one of the most memorable moments of Economics, 3rd Edition?

THE PROF IS VERY ENTERTAINING

Which scene was your favorite?

NONE IM A NERD

Do you think Economics, 3rd Edition needs a follow-up book? Why or why not?

NEEDS TO COME WITH SUPPLEMENTARY TEXT AND YES A FOLLOW UP THERE IS MUCH MORE TO SAY

Any additional comments?

I WANT ACCESS TO ALL THE SUPPLIMENTARY TEXT THE AUDIO REFERS TO AND IF THERE IS SUPPLIMENTARY MATERIAL THAT AUDIBLE.COM DOES NOT GRANT THERE SHOULD BE A WARNING

10 people found this helpful

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  • Emalvin
  • 2013-07-23

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!

10 people found this helpful

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  • Anonymous User
  • 2018-05-03

Prescient

Should be required listening for all voters and politicians alike. Developed and produced before the financial crisis, before the Trump protectionist folly, and before the new hard left wave approaching -- the insights are prescient. To wit: speaking in 2004 Taylor remarks that the housing appears to be in a bubble and he expects it to end poorly. Note: this wasn't political leanings or preference. Rather, it was just hard nosed understanding of economic principles. Alas, I would love to hear Professor Taylor produce a 4th edition that would discuss the previous 10 years of economic history.

9 people found this helpful

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  • W. Haszlakiewicz
  • 2016-06-30

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.

9 people found this helpful

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  • Richard
  • 2014-03-10

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.

9 people found this helpful

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  • Jagerbomber
  • 2014-05-12

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!

8 people found this helpful