The Great Courses – Thinking like an Economist: A Guide to Rational Decision Making 2019-9

Published on: 2024-12-15 00:12:20

Categories: 28

Description

Thinking like an Economist: A Guide to Rational Decision Making is a course on the principles of economic thinking to enhance decision-making skills published by The Great Courses online academy. This is a comprehensive course that introduces the principles of economic thinking to enhance decision-making skills. The course explores the core concepts of opportunity cost, marginal analysis, trade-offs, and incentives, and helps individuals apply these principles to real-world situations. The book covers scarcity economics, how markets work, the role of government in economic systems, and the impact of global trade. Individuals will gain insights into cost-benefit analysis, behavioral economics, and strategic decision-making, enabling them to approach personal, professional, and societal challenges with clarity and effectiveness.

By learning to identify the various situations in which economics affects your life and how to use the tools that can help you make the wisest choices in those situations, you will not only increase your understanding of everyday life, but also your success in living it. Key points in this course include opportunity cost, marginal analysis, trade-offs, incentives, scarcity, market functions, the role of government in the economy, global trade, cost-benefit analysis, behavioral economics, and strategic decision making.

What you will learn in How the Stock Market Works:

The Economist Toolkit
Incentives and Optimal Choice
False Incentives, Real Harm
The Economics of Ignorance
The Economics of Information
Behavioral Economics – What Do We Think About?
Act Like an Economist
And…

Course specifications

Publisher: The Great Courses
Instructors: Randall Bartlett, Ph.D.
Language: English
Level: Introductory to Advanced
Number of Lessons: 12
Duration: 6 hours and 12 minutes