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Economics, 3rd Edition

Narrated by: Timothy Taylor
Length: 18 hrs and 36 mins
4.5 out of 5 stars (27 ratings)

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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 members say

Average Customer Ratings

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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

1 of 1 people found this review helpful

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Many Technical Issues

This book would not download on my device. Then once downloaded it would frequently not be visible in my library. This it the first book I have had technical issues with.

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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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That bleeped out segment is fucking pathetic

It's a word, grow the fuck up, honestly. Here I'll make up a word, garblah, I just told you to go fuck yourself in my own language. Offended?

1 of 4 people found this review helpful

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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.

40 of 40 people found this review helpful

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  • Casey
  • Upland, CA, United States
  • 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.

24 of 24 people found this review helpful

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  • Dr.Adrian
  • Odenton, MD, United States
  • 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.

10 of 10 people found this review 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.

8 of 8 people found this review helpful

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  • Michael
  • 2013-12-06

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.

6 of 6 people found this review 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.

5 of 5 people found this review helpful

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  • ben
  • 2014-07-24

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!

5 of 5 people found this review helpful

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  • Emalvin
  • Fayetteville, GA, United States
  • 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 of 11 people found this review 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.

4 of 4 people found this review helpful

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  • Richard
  • Ridgefield, CT, United States
  • 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 of 10 people found this review helpful