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
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.
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.
I have listened to it twice already, learning different things with each listen.
Supply & Demand.
His enthusiasm towards the subject and his presentation.
It made me laugh but also challenged the way I thought.
It's also a good listen when writing essays on another subject: I am listening to it again.
I loved it, engaging humorous in the right places, and we'll structured. I'd listen again for a refresher. It would have been 5 stars if the materials we provided but you can survive without.
I'm rating it after just a few chapters. Great and engaging reminder of the concepts and applications
Economics explained, understood
GW Bush's tax cut policy as an example of the difficulty of discretionary fiscal policy drove the point home.
"Econmics, 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.
"Really enjoyed this course"
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.
"From a math hater, highly recomended"
Absolutely, I learned so much about controlling finances and maneuvering the stock market, retirement tips, etc.
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.
"A good primer on Economics"
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.
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.
"Outstanding, albeit dated, primer on economics."
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.
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.
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.
Great for learning what not to fall for in news reports. Also, did a great job of not getting too into politics. Bravo!
"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!
"I am smarter now"
The narrator knows what his reading
Did not finish yet.
Still need to finish the book.
"The most efficient way to learn economic concepts"
I have many friends who are economic illiterates (Bernie Sanders supporters) so finding a political neutral discussion where they can be educated while not being offended was a real win.
"IF ONLY AUDIBLE.COM PROVIDED THE NECESSARY ETEXT"
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.
THE PROF IS VERY ENTERTAINING
NONE IM A NERD
NEEDS TO COME WITH SUPPLEMENTARY TEXT AND YES A FOLLOW UP THERE IS MUCH MORE TO SAY
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
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