The Great Courses – Economics, 3rd Edition 2019-1

The Great Courses – Economics, 3rd Edition 2019-1 Downloadly IRSpace

Apr 17, 2025 - 18:19 Updated: Aug 17, 2025 - 13:56

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The Great Courses – Economics, 3rd Edition 2019-1

Economics, 3rd Edition, We are all economists, when we work, buy, save, invest, pay taxes, and vote. It repays us many times over to be good economists. 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. Economics, 3rd Edition, will help you think about and discuss these and other 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. Designed for those who haven’t already purchased our 2nd Edition economics course, this enlarged and reorganized 3rd Edition includes updated statistics and discussions of more recent events.

It also features expanded coverage in areas of great public interest, such as anti-trust issues, corporate responsibility, and international financial crashes. 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. Professor Timothy Taylor’s 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.

What you’ll learn

How does supply and demand operate in the free market to determine the prices of the goods we buy and the salaries we are paid?

How are interest rates determined? And what effects do they have on so many decisions we make—such as what house we will buy?

How do businesses compete with one another? What is a natural monopoly? What role does government have to play in encouraging and regulating competition?

Defining “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.