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
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Customer Reviews

Most Helpful
5 out of 5 stars
By mr on 03-07-14

Could not be better.

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

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10 of 11 people found this review helpful

5 out of 5 stars
By Jerry Agbemabiese on 30-01-18

Great book to listen to, very well explained

loved it. I will keep listening to it till the principles are mastered. Now I think like Economist.

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4 of 4 people found this review helpful

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Customer Reviews

Most Helpful
4 out of 5 stars
By V. T. on 08-07-15

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.

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27 of 28 people found this review helpful

3 out of 5 stars
By Jason Lopez (Avid Buyer and Reader) on 20-10-14

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.

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20 of 21 people found this review helpful

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