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.

• How can I get an overview of the entire U.S. economy?


• Why do budget deficits matter?


• What exactly does the Federal Reserve do?


• Why do most economists favor international trade so strongly?

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.

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.

The Great Courses® Economics, 3rd Edition

Taught By Professor Timothy Taylor, M.Econ., Stanford University, Macalester College