Product Details

• Actors: Timothy Taylor
• Directors: Jon Leven
• Producers: Tamara Stonebarger
• Language: English
• Region: Region 1 (U.S. and Canada only. Read more about DVD formats.)
  
• Number of discs: 1
• Studio: The Teaching Company
• Run Time: 1080 minutes
• Average Customer Review: 4.3 out of 5 stars  See all reviews (3 customer reviews)
• ASIN: B000OQCF1W
• Amazon Best Sellers Rank: #225,851 in Movies & TV (See Top 100 in Movies & TV)

Editorial Reviews

Economics, 3rd Edition (36 lectures, 30 minutes/lecture) Course No. 550 Taught by Timothy Taylor Macalester College M.Econ., Stanford University Master the Basics of Economics These lectures require no special or advanced knowledge of mathematics. Instead, you will learn economics through intuitive explanations and in plain English, from an instructor who has won teaching awards at Stanford and the University of Minnesota. His first 18 lectures focus on "microeconomics," or looking at economics "from the bottom up." You will 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: How supply and demand operate in the free market to determine the prices of the goods we buy and the salaries we are paid How interest rates are determined and the effects they have on so many decisions we make-such as what house we will buy How businesses compete with one another. What is a "natural monopoly"? What role does government have to play in encouraging and regulating competition? "Public goods"-things like national defense and education-that we all benefit from whether we contribute to them or not. The difficulty of encouraging citizens to support production of public goods can be understood through a game theory problem known as The Prisoner's Dilemma. The second half of the course covers "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 that the government taxes and spends, and how these actions affect the total demand and supply in our economy The relationship between employment and inflation, and the different perspectives on this problem advanced by the two main schools of economic theory-the Keynesians and the neoclassicists

Customer Reviews

Most Helpful Customer Reviews

4 of 4 people found the following review helpful:

5.0 out of 5 stars Great Way To Cover Some Basics!, December 8, 2010

By 

David Milliern "Velkar182" (Mitchell, IN) - See all my reviews
(REAL NAME)   

This review is from: Economics, 3rd Edition (The Teaching Company: The Great Courses) (DVD)

I have taken more than half a dozen undergraduate courses in economics (microeconomics, global economy, international monetary policy, etc) and I still found a large amount of Tim Taylor's presentation useful. I listened to this course on audio while walking, driving, and riding the bus. I don't have much time to spare in my day, so I found this lecture series to be a great way to optimize my time.

Taylor's presentation of information is fun and lively! He covers everthing from basic micro/macro to aggregate supply/demand, and he even hits upon the federal reserve's structure, responsibilities, and so on. If you would like to develop a foundational knowledge of undergraduate economics, this is the way to go. Honestly, there are few lecture series by the teaching company that I wouldn't recommend, but this is in the top 25% of the 40 series from the Teaching Company that I have watched/listened.

1 of 1 people found the following review helpful:

3.0 out of 5 stars Review, November 14, 2011

By 

Nick Billings (Phoenix) - See all my reviews
(REAL NAME)   

Amazon Verified Purchase

This review is from: Economics, 3rd Edition (The Teaching Company: The Great Courses) (DVD)

Very informative material, however the presentation is somewhat dry and tedious. Could not finish the first DVD in one setting. It will take me awhile to get through the series.

3 of 5 people found the following review helpful:

5.0 out of 5 stars Great overview of economics, August 14, 2010

By 

Michael Stack (LAKEWOOD, OH, US) - See all my reviews

This review is from: Economics, 3rd Edition (The Teaching Company: The Great Courses) (DVD)

I should point out that I'm only about 1/3 of the way through the material, but so far, I really have enjoyed the CDs. Recommended.