The economics of our daily lives.Author of the economics textbook used by students around the world, Principles of Economics
- Lecture Info
- Full Bio
Everything You Need to Know about Economics
Why should we study economics in the 21st century? Do we need a knowledge of economics to just live our lives? Gregory Mankiw, called 'the father of modern economics textbooks', says the origin of economics can tell us the answer. He also adds, quoting the 19th-century economist Alfred Marshall, “Economics is the study of humanity in the ordinary affairs of everyday life.”
We try to make rational choices every day, but we often fall short, having to deal with the less-than-desirable consequences of our actions. What can we learn from economics to help us avoid excessive failures, evade the traps of poverty, and understand the secret to rational choice? We also learn the concept of economics at the global level to give us a better understanding of how the financial world around us works.
We can look at the choices we make in our everyday lives through the lens of economics. The more we understand about the principles of economics, the better decisions we will make. Gregory Mankiw’s lecture series is our perfect opportunity to learn all we need to know about the fundamentals of economics.
N. Gregory Mankiw
Economic Advisor to the US Congressional Budget Office (2014~) Chairman of the Council of Economic Advisors to the President of the United States (2003-2005) Professor of Economics at Harvard University (1987~) Author of Principles of Economics
Gregory Mankiw is an esteemed professor of economics at Harvard University and taught the introductory economics course Ec 10, one of the most popular courses at the university. Almost every student of economics knows of him, as he is the author of Principles of Economics, the textbook used by hundreds of thousands of economics students every year since its first publication in 1997.
In addition to the chairmanship of the Council of Economic Advisers in the George W. Bush Administration from 2003 to 2005, he has served as an economic advisor to the US Congressional Budget Office and researcher at the National Bureau of Economic Research. He’s an active participant in academic and policy debates, and he is considered one of the most influential economists of our time. He also runs his own popular economics blog, offering his knowledge and thoughts on the global economy to anyone with a curiosity to keep up with his work.
Would you like a free trial with GREAT MINDS?Enter your email address and we'll send you a one-month free pass and our regular newsletter.
(*One-month free pass is only for first time non-paying members, not for existing members)
Unlimited access to this lecture series for 7 days for just $0.99!