Descriptions
Economics, 3rd edition, We are all economists when we work, buy, save, invest, pay taxes and vote. It pays us back many times over Good Economists. Economic issues shape our lives every day, but when the subject of economics comes up in conversation or in the news, we may find ourselves yearning for a deeper 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 investments, budget deficits, globalization, and more—with greater sophistication. Aimed at those who have not yet purchased our 2nd Edition Economics course, this expanded and reorganized 3rd Edition includes updated statistics and discussions of more recent events.
It also offers expanded coverage of areas of high public interest, such as antitrust issues, corporate responsibility and international financial crashes. this Lectures do not require any 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 The first 18 lectures by Timothy Taylor focus on “microeconomics,” or the bottom-up view of the economy. They examine the behavior of individuals, households, and firms and how they interact in markets for goods, labor, and savings and investment.
What you will learn
How Do supply and demand in the free market determine the prices of the goods we buy and the wages we receive?
How Are interest rates? And what impact do they have on so many decisions we make – like which house we will buy?
How Do Pursue compete with each other? What is a natural monopoly? What role must the state play in promoting and regulating competition?
definition ,“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 the production of public goods can be understood in terms of a game theory problem known as the prisoner’s dilemma.
Specification of Economics, 3rd edition
Contents of Economics, 3rd edition
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