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Thinking Like an Economist: A Guide to Rational Decision Making Lecture

Thinking Like an Economist: A Guide to Rational Decision Making

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Publisher's Summary

Economic forces are everywhere around you. But that doesn't mean you need to passively accept whatever outcome those forces might press upon you. Instead, with these 12 fast-moving and crystal clear lectures, you can learn how to use a small handful of basic nuts-and-bolts principles to turn those same forces to your own advantage.

Requiring no previous economics background, Professor Bartlett presents some of the fundamental principles and concepts that shape the lenses through which economists view the world. He then shows you how to use these simple analytical tools to understand what you see through those lenses. By learning to identify the many varied situations in which economics affects your life and how to wield the tools that can help you make the wisest choices in those situations, you'll enhance not only your understanding of daily life but your own success in living it.

Packed with case studies, helpful strategies, economic insights, and more, this series will equip you with a reliable toolkit for thinking more like an everyday economist and approach the issues in your own life with a more educated, seasoned eye. And after these dozen lectures with Professor Bartlett, things really will look very different. You'll see how basic economic ideas like incentives, risks, rewards, and rationality are not just the province of professional economists, government policymakers, or your local bank's loan officer, but instead lie at the root of nearly every decision you must make in your daily life.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2010 The Teaching Company, LLC (P)2010 The Great Courses

What Members Say

Average Customer Rating

4.7 (22 )
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4.6 (19 )
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Story
4.8 (20 )
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Performance
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  •  
    mr west sussex, United Kingdom 03/07/2014
    mr west sussex, United Kingdom 03/07/2014
    HELPFUL VOTES
    26
    ratings
    REVIEWS
    37
    34
    FOLLOWERS
    FOLLOWING
    3
    0
    Overall
    Performance
    Story
    "Could not be better."

    Complex topic covered simply, easy to follow and useful. The lecturer is fantastic, excellent delivery and content.

    4 of 4 people found this review helpful
Sort by:
  • V. Taras
    08/07/15
    Overall
    Performance
    Story
    "Great for beginners, nothing you for an economist"

    Strictly speaking, there is really nothing new in this book for people who either took courses in economics or read some of the popular books on the topic. It's really a very superficial presentation of some of the fundamental assumptions of economics. However, if you have no prior training or exposure to economics and would like to learn some basics, this is a fun series of non technical lectures that you will probably enjoy and learn from.

    5 of 5 people found this review helpful
  • Cynthea Wellings
    09/03/14
    Overall
    Performance
    Story
    "A difficult subject made easy!"

    I have found this the best set of lectures on economics so far. The presenter paces himself. explains a concept and then gives an anecdote. This has enabled me to comprehend relatively difficult concepts with ease.
    I own a small business and have never really understood a lot of the terms used in the modern press that relate to finance. I wish I had learned this information at the beginning of my career. It would have helped me enormously.
    I give this 5 stars.

    11 of 12 people found this review helpful
  • Jason Lopez (Avid Buyer and Reader)
    New Berlin, WI
    20/10/14
    Overall
    Performance
    Story
    "Economists as Kindergartners"
    Would you recommend this book to a friend? Why or why not?

    I would recommend but only for a few of the "nuggets" relevant to everyday life that one encounters throughout the series.


    What other book might you compare Thinking Like an Economist: A Guide to Rational Decision Making to and why?

    "Skepticism 101: How to Think like a Scientist" and "Mistakes Were Made (But Not By Me)"


    Which scene was your favorite?

    The sections on game theory, relative value and risk had some good information


    Could you see Thinking Like an Economist: A Guide to Rational Decision Making being made into a movie or a TV series? Who should the stars be?

    No


    Any additional comments?

    In several key areas the professor engages the listener in descriptions of actions that are well-documented but proceeds to state that their cause is a mystery. In each case the scientific literature relevant to the answer can be found but is apparently unknown to the professor, although most were addressed in non-economic disciplines. (i.e. cognitive dissonance) Also, his lecture on the tragedy of the commons seemed to indicate that the solution is a larger and more complex common resource, government, which leaves the stakeholders more disparate then in the localized example given.

    10 of 11 people found this review helpful
  • Phil O.
    San Diego, CA, United States
    19/03/14
    Overall
    Performance
    Story
    "Clear, useful, accessible"

    It was a pleasure to listen to this. I never found myself zoning out or wondering (as I often do) when the speaker will cut through the fuzzy jargon and get to the point. The points are all set out. This has helped me think more clearly in my own decisions, and express myself more clearly in my own business teaching.

    6 of 8 people found this review helpful
  • John
    Skaneateles, NY, United States
    06/07/15
    Overall
    Performance
    Story
    "Economics for dummies"

    This is a very basic introduction to Economics. So much so that much of it is just common sense and not at all enlightening. You would not know that from the lecturer who presents his material as if pulling back the curtain on the secrets of the universe. I found his delivery somewhat grandiose and corny. He must have repeated the phrase "think like an economist" a thousand times. Ok, we get it, it's an economics course, no need to constantly repeat it!

    I don't know a whole lot about economics and yet I don't think I learned anything new in this course. It might be good if you know absolutely nothing about economics and rational decision making but I doubt most people buying The Great Courses on Audible fall into this category.

    3 of 4 people found this review helpful
  • Shrut
    NEW YORK, NY, United States
    27/02/14
    Overall
    Performance
    Story
    "Great Narration!"
    Would you listen to Thinking Like an Economist: A Guide to Rational Decision Making again? Why?

    Yes. It has great examples with lessons that can be inculcated in life.


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

    No


    Any additional comments?

    This is the best of the "Great courses" that I have heard so far. Great narration and awesome examples. Something for everyone to learn.

    2 of 3 people found this review helpful
  • Jesse
    26/10/16
    Overall
    Performance
    Story
    "Definitely makes you think"

    Great book that I would recommend to anyone. At times he does come off as condescending but I don't think it is intentional. I especially liked the tools he provided to help the individual understand decision making and incentives. Enjoy!

    0 of 0 people found this review helpful
  • Terence Bethel
    21/09/16
    Overall
    Performance
    Story
    "Enlightening is an understatement"
    Where does Thinking Like an Economist: A Guide to Rational Decision Making rank among all the audiobooks you’ve listened to so far?

    This is one of the best that I have listened to among the Great Courses.


    What other book might you compare Thinking Like an Economist: A Guide to Rational Decision Making to and why?

    I cannot think of one


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

    I have not listened to him before


    Was there a moment in the book that particularly moved you?

    The story he told about purchasing the flat screen TV made me feel like he operated like a real person. That having this knowledge did not mean I had to always be able to apply this to my real life at a moment but to really use it professionally.


    Any additional comments?

    It is far from daunting. I was studying a MOOC in economics at the time which was beyond boring but this was exciting and I intend to apply the skills learned.

    0 of 0 people found this review helpful
  • Ramzi
    Springfield Gardens, NY, United States
    05/09/16
    Overall
    "Excellent"

    This book is short but full of useful information and tips. I really liked the part about behavioral economics. Highly recommended.

    0 of 0 people found this review helpful
  • Bryce
    20/07/16
    Overall
    Performance
    Story
    "Great Perspectives"

    Great lecture on how to change your perspective or view scenarios through a different lens. Great tools for making rational decisions.

    0 of 0 people found this review helpful

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