Read Thinking Like an Economist: A Guide to Rational Decision Making by Randall Bartlett Online

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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 backgroundEconomic 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....

Title : Thinking Like an Economist: A Guide to Rational Decision Making
Author :
Rating :
ISBN : 25589741
Format Type : Audible Audio
Number of Pages : 599 Pages
Status : Available For Download
Last checked : 21 Minutes ago!

Thinking Like an Economist: A Guide to Rational Decision Making Reviews

  • Andrew Breslin
    2019-01-04 13:13

    If you know nothing at all about economics, this will make for a fascinating introduction to many of the central ideas. If you already know the basics, you might have to make a rational decision about the value of some guy telling you what you already know. I listened while painting a bedroom, because I already think like an economist enough to recognize that the opportunity costs associated with listening to it while doing something else were considerably lower than the cost of reading a book covering the same information, even if the book cost a little bit less money. If the preceding sentence makes perfect sense to you, you probably won't learn much from this, but you might enjoy it. I already knew what was going to happen to Frodo at the end of Lord of the Rings, but that didn't stop me from reading it three or four times. Frodo defeats Sauron because Sauron was thinking like a malevolent entity of unspeakable evil, and not like an economist. It never occurred to him that anyone else would ever dream of destroying the ring. The ring would give its wielder awesome power, and he assumed that everyone else valued god-like might. Sauron applied game theory and concluded that the most rational move of his opponents would be to attempt to use the ring against him, to oust him and take his place. His flaw was that he didn't recognize that Frodo's payoff table was different from his own. He failed to acknowledge that objects do not have innate objective value. The Fellowship was keenly aware of the value Sauron placed on omnipotent power, while Sauron made false assumptions about the value others placed on being a nigh-invincible deity, versus, say, having a nice smoke back in the shire while putting away a few pints of mead with the Boffins and Bolgers. Middle-Earth owes its very existence to the advantage they gained from this information asymmetry. This is one of the dangers of thinking like an economist, incidentally. It might possibly sap the joy out of life and turn you into a very boring person, obsessively analyzing every goddamn thing in terms of incentives, efficiency, and optimization. You have to factor that into your rational decision about whether or not you want to think like an economist, but I was already pretty boring and annoying before I ever picked up an economics book, so the opportunity costs in terms of people not wanting to talk to me anymore were pretty low.

  • Vilmantas
    2018-12-17 12:16

    To my mind, Randall Bartlett is one of the greatest teachers I've come across in my life so far:1) he is convincing with his body language, personal stories, vivid metaphors and examples;2) Randall structures the whole course in simple way and it will last in your memory forever. He equips with toolkit of an economist step by step and in finale you are able to see the World from the perspective of an economist.N.B. it's a great foundation for further studies. Highly recommend.

  • Vilmantas
    2019-01-06 12:16

    To my mind, Randall Bartlett is one of the greatest teachers I've come across in my life so far:1) he is convincing with his body language, personal stories, vivid metaphors and examples;2) Randall structures the whole course in simple way and it will last in your memory forever. He equips with toolkit of an economist step by step and in finale you are able to see the World from the perspective of an economist.N.B. it's a great foundation for further studies. Highly recommend.

  • Angie Boyter
    2018-12-20 10:51

    3+ Very enjoyable presentations, especially if you do not read a lot in this field.

  • R
    2019-01-09 07:53

    Great course!

  • Petrea
    2019-01-01 11:11

    This is a class offered by The great Courses. I really enjoyed both the professor and the subject matter. I liked his examples and stories that made economic thinking come alive for me--It is not a technical book on economics, but a manual on how to apply economic thinking to everyday decisions. I hope I will be able to remember it long enough to do more sensible things. If anyone would like to borrow the CD's I would be happy to share.

  • Peter
    2019-01-07 12:59

    Interesting overview of economic thinking. Bartlett is a very good lecturer, putting economic concepts into easy to understand concepts. Who know, may be he was the inspiration for President Bartlett of the West Wing, who, if I remember, was the liberals wet dream of a president, having won the Noble Prize for economics.

  • Angie Boyter
    2018-12-30 11:51

    Excellent content and a very enjoyable speaker. This is NOT simply a course in economics but is genuinely a "guide to rational decision-making".It has great ideas for everyone, but I wish every high-school student could listen to it; the concepts will serve them well in life (and it wouldn't hurt their parents to listen, too!).

  • Fabrizio Bianchi
    2019-01-04 13:08

    I cannot say this for myself, since I am since long a fan of Freakonomics and interested in behavioral economics, but to those who are looking for something that could really change their lives for the best, this is absolutely a must. Clear, actionable and with the right tempo and digressions.

  • Chris
    2018-12-22 10:51

    An excellent, succinct lecture series on economic thinking. The practical examples make it easy to understand and apply. This is a must listen for those who like Freakonomics, Nudge, or other popular economics books.

  • Wesley Smith
    2018-12-31 13:07

    Economics is so much fun.

  • Brian
    2019-01-13 09:56

    This is an excellent summary of economic principles.

  • Chris Orcutt
    2018-12-28 09:18

    Great presentation and provides a good framework for making decisions, or figuring out why others are making decisions.

  • Cole Murray
    2019-01-15 13:57

    Listened to it on my commute to work. The last examples deal with traffic...appropriate. He's a good lecturer, sounded a lot like a subdued Lewis Black. A good guide to thinking like an economist.

  • Gus Garcia
    2018-12-25 16:10

    Mr. Barlett spoke of nudging people like Cass Sunstein. Sunstein has communist and anti-American philosophies. I wonder why the professor chose Mr. Sustein as an example.

  • Major Doug
    2018-12-27 08:13

    Listened to this lecture: interesting; not much I didn't already know.