Economics 101: How the World Works

By: Mike Ellerbrock

Narrated by: Mike Ellerbrock

Join Virginia Tech economics professor Michael Ellerbrock, the recipient of numerous teaching awards, for a comprehensive, jargon-free overview of the principles and applications of economics.

Economics has been called the “dismal science”, yet it has also been deemed a field worthy of a Nobel Prize. In this enlightening audio course, Prof. Ellerbrock explains the reason behind this dichotomy: the fact that economics reveals the best and worst implications of humans pursuing their own self-interest.

The director of the Center for Economic Education at Virginia Tech, Prof. Ellerbrock has encyclopedic knowledge of economic principles and a talent for explaining their relevance to the world around us. The first 12 lectures explore macroeconomics, the study of the institutions and relationships in economic systems such as capitalism, socialism, communism, and informal economies. You’ll examine fiscal and monetary policy, the role of government in the economy, deficit financing, unemployment, international trade, and wealth creation.

Next, you will zoom in with 12 lectures on microeconomics, which studies the behavior of individuals. You’ll look at the consumer, firm, saver, and investor, as well as market structures and functions, examining emerging schools of thought regarding population economics, natural resource economics, and development economics.

Granted plentiful teaching awards by his students as well as his peers, Prof. Ellerbrock is known for his dynamic lectures, which use real-world examples to bring abstract principles to vivid life. As you take in each masterful recording, you’ll use the lens of economics to better understand history as well as the contemporary moment.

This course is part of the Learn25 collection.

©2021 Mike Ellerbrock (P)2021 Now You Know Media Inc.

An engaging series of lectures

having never taken an economics course, I picked this up for some foundational knowledge that I was lacking in other pursuits. I am so glad that this is what I went with because it engaging and oftentimes feels like a conversation rather than a telling.

It covers a wide swath of both microeconomics and macroeconomics. covering the fundamentals, this series also gives anecdotes that help illustrate some of the principles.

I highly recommend this.

Mike Ellerbrock is an Excellent Teacher!!

I work in the world of finance so I often like to get a refresher on the fundamentals of these topics. I wanted something I could listen to during my commute but really didn't'expect it to be nearly this engaging or to be laid out in such a practical & relatable fashion. Ellerbrock covered all the core macro & micro concepts you would expext in an audio book like this but somehow he managed to make economics simple enough for my 10&12 year old kids to understand. This was a very pleasant bonus, because it was a task I thus far had been unsuccessful in achieving. Would highly recommend for anyone wanting a crash course in the fundamentals of Economics!

brilliant

it was my honour to be in this course and hope to learn more from you👌👌🙏🙏❤️

Very useful

I learned a lot about how the world works as a result of the structure of the economic system. It was easy to understand with practical examples. Many people go to investing books first. I'd go to this course first. I thank the organizers and the professor for these lectures.

Don’t waste your credit

My favorite part “global warming leads to human sex trafficking.”

Literally the worst economics audiobook I’ve listened to so far, and I’ve listened to a few.