Thinking Like an Economist: A Guide to Rational Decision Making : The Great Courses: Business & Economics

  • by The Great Courses
  • Narrated by Professor Randall Bartlett
  • Series: The Great Courses: Business & Economics
  • 6 hrs and 10 mins
  • Lecture

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.


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Customer Reviews

Most Helpful

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.
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- Cynthea Wellings

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?


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.

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- Jason Lopez (Avid Buyer and Reader)

Book Details

  • Release Date: 07-08-2013
  • Publisher: The Great Courses