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Economics, 3rd Edition cover art

Economics, 3rd Edition

Written by: Timothy Taylor, The Great Courses
Narrated by: Timothy Taylor
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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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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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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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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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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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  • MW
  • 2023-06-09

Outstanding

The professor does a great job explaining economic concepts. It is the first time that I found these concepts interesting.

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