Think Like An Economist Podcast: all episodes' transcripts and summaries
Podcast: Think Like An Economist
Description: Think Like an Economist and you’ll see the world more clearly, empowering you to make better decisions at work, at home, and in your community. Leading economists Betsey Stevenson and Justin Wolfers will take you on a joyous romp through their field as they introduce you to the big ideas in economics, and show how you can apply them to live in your own life. Their signature approach reveals that every decision is an economic decision and this podcast uncovers the economic forces that shape the world around you. Betsey and Justin believe that economics is a superpower, and they
want to teach you to fly.
Podcast "Think Like An Economist" on PodExtra.AI: play with real-time transcripts and view complete AI-processed content: transcripts, summaries, mindmaps, topics, takeaways, keywords and highlights.
All Episodes
S E53: Economics For All Your Decisions In Life - From Romance to Retirement with full AI transcript and summary
Update: 2021-12-14
Duration: 00:21:20
Shownotes: Think Like An Economist has taken you on a journey through the economic principles, showing you the tools of economics, and how they can be
Duration: 00:21:20
Shownotes: Think Like An Economist has taken you on a journey through the economic principles, showing you the tools of economics, and how they can be
applied at home and at work. In this season finale, Betsey Stevenson and Justin Wolfers reveal the big life choices they've made using those tools of economics, and how you can apply economics to help make decisions throughout your life.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E52: Useful Economics in Everyday Life with full AI transcript and summary
Update: 2021-12-07
Duration: 00:18:33
Shownotes: We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives as much as
Duration: 00:18:33
Shownotes: We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives as much as
it is about government policy. As economics professors, Betsey Stevenson and Justin Wolfers have honed the ways to show how economics involves everyone. They discuss their method of teaching economics, and the way they show that economic tools can help us all make good decisions.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E51: A Conversation with Emily Oster: The Economics of Pregnancy, Parenting and the Pandemic with full AI transcript and summary
Update: 2021-11-30
Duration: 00:27:57
Shownotes: Emily Oster is one of the most interesting economists in the world, and she uses the tools of economics in everything she does. Betsey Stevenson
Duration: 00:27:57
Shownotes: Emily Oster is one of the most interesting economists in the world, and she uses the tools of economics in everything she does. Betsey Stevenson
and Justin Wolfers explore Emily's thoughts about how economic ideas can provide useful insight for parents and families. This audio course is about how to think like an economist, and Emily models exactly how to do this.Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E50: A Conversation with Larry Summers: The Influence of Economic Ideas and the Dangers of Secular Stagnation with full AI transcript and summary
Update: 2021-11-09
Duration: 00:31:34
Shownotes: Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary.
Duration: 00:31:34
Shownotes: Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treasury Secretary.
He's also warned that the global economy is in the midst of secular stagnation. In this episode, he tells Betsey Stevenson and Justin Wolfers why the economy is stagnant, in spite of low interest rates. The three economists also discuss why their field is so influential, and Larry reveals how policy makers get things done.Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics with full AI transcript and summary
Update: 2021-11-02
Duration: 00:28:50
Shownotes: Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey Stevenson and
Duration: 00:28:50
Shownotes: Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey Stevenson and
Justin Wolfers. In this episode, the three of them discuss what we can learn from financial crises, why globalisation has lost its shine, and how best to communicate economic ideas.Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E48: Behavioral Economics - We're only human! with full AI transcript and summary
Update: 2021-09-21
Duration: 00:11:15
Shownotes: We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson
Duration: 00:11:15
Shownotes: We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson
and Justin Wolfers discuss the way our psychology affects our decisions, and they show how to make better judgements and assess the risks.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E47: Making Decisions in an Uncertain World with full AI transcript and summary
Update: 2021-09-14
Duration: 00:20:13
Shownotes: Uncertainty and risk are all around us. So how can we make good decisions when we don't know what will happen? Betsey Stevenson and Justin
Duration: 00:20:13
Shownotes: Uncertainty and risk are all around us. So how can we make good decisions when we don't know what will happen? Betsey Stevenson and Justin
Wolfers show you how to understand risk, and your reaction to it, as well as giving you the tools to help reduce risk.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E46: Game Theory - Thinking Strategically with full AI transcript and summary
Update: 2021-09-07
Duration: 00:22:40
Shownotes: In business, as in life, we often have to make decisions based on what others choose. But how do we make the right strategic decisions?
Duration: 00:22:40
Shownotes: In business, as in life, we often have to make decisions based on what others choose. But how do we make the right strategic decisions?
Betsey Stevenson and Justin Wolfers unpick the problems of strategic cooperation and coordination, and show you the four steps for making good strategic decisions. You now have two choices - to listen to this episode, or not!Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E45: Business Strategy - How to boost profitability with full AI transcript and summary
Update: 2021-08-31
Duration: 00:23:57
Shownotes: Great entrepreneurs identify opportunities for long-term profits before other people can. Betsey Stevenson and Justin Wolfers will help you learn how to spot your business
Duration: 00:23:57
Shownotes: Great entrepreneurs identify opportunities for long-term profits before other people can. Betsey Stevenson and Justin Wolfers will help you learn how to spot your business
opportunities and show you the five forces that determine profitability.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E44: Entry, Exit and Long-Run Profitability - How to get ahead in the Market with full AI transcript and summary
Update: 2021-08-24
Duration: 00:21:41
Shownotes: If there are profits to be made, entrepreneurs will be there to start their business. But how can they stay ahead of the competition and
Duration: 00:21:41
Shownotes: If there are profits to be made, entrepreneurs will be there to start their business. But how can they stay ahead of the competition and
deter new rivals from entering the market? Betsey Stevenson and Justin Wolfers guide you through the choices managers make to remain profitable, and explain why businesses try to crush healthy competition.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E43: Why wages vary - Why some of us get paid more than others with full AI transcript and summary
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Update: 2021-08-17
Duration: 00:22:33
Shownotes: Why do some people earn so much more than others? How does society value certain jobs over other jobs - and how can we make
Duration: 00:22:33
Shownotes: Why do some people earn so much more than others? How does society value certain jobs over other jobs - and how can we make
sure we get a higher wage? Betsey Stevenson and Justin Wolfers help navigate the vagaries of the job market, and have some advice how to get the best wage deal.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E42: Think Like An Economist gets back to business with full AI transcript and summary
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Update: 2021-08-10
Duration: 00:02:16
Shownotes: Economists Betsey Stevenson and Justin Wolfers are back to help you think like an economist. This season is our mini-MBA, and we'll unpack even more
Duration: 00:02:16
Shownotes: Economists Betsey Stevenson and Justin Wolfers are back to help you think like an economist. This season is our mini-MBA, and we'll unpack even more
economic tools, with a focus on showing you how to make wise business decisions.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E41: Aggregate Demand & Aggregate Supply with full AI transcript and summary
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Update: 2021-05-11
Duration: 00:23:01
Shownotes: It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy's total output and average
Duration: 00:23:01
Shownotes: It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy's total output and average
price level. Betsey Stevenson and Justin Wolfers show you how this perspective can help you diagnose the economy's ills, and prescribe the appropriate policy medicine.SummaryCo-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E40: Budget Deficits and Government Debt with full AI transcript and summary
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Update: 2021-05-04
Duration: 00:20:35
Shownotes: Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers explain why governments run deficits and
Duration: 00:20:35
Shownotes: Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers explain why governments run deficits and
rack up debt, whether they're likely to be sustainable, and if you really need to worry.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E39: Fiscal Policy - Government Spending and Taxes with full AI transcript and summary
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Update: 2021-04-27
Duration: 00:16:10
Shownotes: There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin
Duration: 00:16:10
Shownotes: There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin
Wolfers explain how policymakers can adjust these levers to keep the economy on track.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E38: Monetary Policy - The Financial Levers That Tame Business Cycles with full AI transcript and summary
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Update: 2021-04-20
Duration: 00:24:10
Shownotes: Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions
Duration: 00:24:10
Shownotes: Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions
to keep inflation and unemployment stable and low. Betsey Stevenson and Justin Wolfers take you to the heart of the Fed's decision making process, and explain how those decisions affect your life and the broader economy. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E37: The Fed Model - Predicting what will happen to the Economy with full AI transcript and summary
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Update: 2021-04-13
Duration: 00:23:55
Shownotes: When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and Justin
Duration: 00:23:55
Shownotes: When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and Justin
Wolfers guide you through the Fed Model - the mainstay of policy makers and financiers around the world. They examine the key relationships in the macroeconomy and the shocks that destabilise them.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E36: Inflation and the Phillips Curve with full AI transcript and summary
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Update: 2021-03-30
Duration: 00:25:06
Shownotes: Why do we end up paying higher prices than we used to? And what are the main causes of this economy-wide inflation? Betsey Stevenson and
Duration: 00:25:06
Shownotes: Why do we end up paying higher prices than we used to? And what are the main causes of this economy-wide inflation? Betsey Stevenson and
Justin Wolfers talk us through how expectations influence inflation, and how greater demand, and problems with supply can push up prices.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E35: Connecting Interest Rates & Output with full AI transcript and summary
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Update: 2021-03-23
Duration: 00:23:39
Shownotes: What is the most important price in the economy? Betsey Stevenson and Justin Wolfers say that it's the interest rate, and they dig into where
Duration: 00:23:39
Shownotes: What is the most important price in the economy? Betsey Stevenson and Justin Wolfers say that it's the interest rate, and they dig into where
it comes from, and how it drives all spending in the economy. These big ideas yield a framework called the IS-MP model which policymakers use to help devise fiscal and monetary policies to kick-start the economy.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E34: The Boom and Bust of Business Cycles with full AI transcript and summary
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Update: 2021-03-16
Duration: 00:19:14
Shownotes: Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions around the world, Betsey Stevenson
Duration: 00:19:14
Shownotes: Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions around the world, Betsey Stevenson
and Justin Wolfers help you make sense of the business cycles that affect all of our lives. And they have some handy tools to help you understand where the economy is headed.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E33: Exchange Rates & International Finance - The flow of currencies around the world with full AI transcript and summary
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Update: 2021-03-09
Duration: 00:25:07
Shownotes: How can a change in the currency markets change the price of a loaf of bread? And is a strong currency useful? Betsey Stevenson and
Duration: 00:25:07
Shownotes: How can a change in the currency markets change the price of a loaf of bread? And is a strong currency useful? Betsey Stevenson and
Justin Wolfers explain how imports and exports are affected by foreign exchange markets.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E32: The Financial Sector - Bonds, Stocks and Shares - should you or shouldn't you? with full AI transcript and summary
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Update: 2021-03-02
Duration: 00:25:25
Shownotes: Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares? Betsey Stevenson
Duration: 00:25:25
Shownotes: Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares? Betsey Stevenson
and Justin Wolfers explain how you can invest and have some simple words of advice for you. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E31: Investment - Upfront costs for future gains with full AI transcript and summary
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Update: 2021-02-23
Duration: 00:19:32
Shownotes: When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives make smart investment decisions, and how
Duration: 00:19:32
Shownotes: When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives make smart investment decisions, and how
you can use the same ideas to figure out whether to invest in your education, your health, or your financial future.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E30: Consumption and Saving - Spend Now or Save to Spend Later with full AI transcript and summary
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Update: 2021-02-16
Duration: 00:18:46
Shownotes: We all make decisions about when to spend our money and when to save for our future selves. Betsey Stevenson and Justin Wolfers show you
Duration: 00:18:46
Shownotes: We all make decisions about when to spend our money and when to save for our future selves. Betsey Stevenson and Justin Wolfers show you
the tools to make the right spending and saving choices at different times of your life, and what it all means for the macroeconomy.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E29: Assignment: Spending and Saving with full AI transcript and summary
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Update: 2021-02-09
Duration: 00:00:53
Shownotes: The Think Like An Economist team are taking a break this week, but we'll be back next week to look at consumption and savings. See
Duration: 00:00:53
Shownotes: The Think Like An Economist team are taking a break this week, but we'll be back next week to look at consumption and savings. See
you then, Betsey, Justin and Nas.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E28: Inflation - When money loses its value with full AI transcript and summary
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Update: 2021-02-02
Duration: 00:20:26
Shownotes: We might watch the inflation rate to see how the cost of living is changing, and how our money changes value over time. But what
Duration: 00:20:26
Shownotes: We might watch the inflation rate to see how the cost of living is changing, and how our money changes value over time. But what
happens when we can't trust money any more? Betsey Stevenson and Justin Wolfers explain inflation - what it is, the harm it can do, and how you can protect yourself against it.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E27: Unemployment - Does joblessness have to mean hopelessness? with full AI transcript and summary
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Update: 2021-01-26
Duration: 00:17:59
Shownotes: Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss what it
Duration: 00:17:59
Shownotes: Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss what it
means to be jobless, and what to do if you're unlucky enough to lose your job.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E26: Economic Growth - Improving our Lives with full AI transcript and summary
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Update: 2021-01-19
Duration: 00:19:50
Shownotes: When an economy grows, we live better lives. Betsey Stevenson and Justin Wolfers show you how economic growth is fuelled by the mix of skilled
Duration: 00:19:50
Shownotes: When an economy grows, we live better lives. Betsey Stevenson and Justin Wolfers show you how economic growth is fuelled by the mix of skilled
workers, the right investments and new ideas. As one idea leads to another, innovation helps boost the economy and can make the world a better place. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E25: Gross Domestic Product - Adding Up Everything We Do with full AI transcript and summary
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Update: 2021-01-12
Duration: 00:21:01
Shownotes: We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spending and
Duration: 00:21:01
Shownotes: We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spending and
the income earned. And Betsey Stevenson and Justin Wolfers also show you how even the great yardstick that is GDP ignores some vital elements of society.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E24: Thinking Big, Remembering Small - From Micro to Macro with full AI transcript and summary
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Update: 2021-01-05
Duration: 00:05:44
Shownotes: Now we've learned the tools of microeconomics, it's time to step up to macro. Betsey Stevenson and Justin Wolfers are here to show you how
Duration: 00:05:44
Shownotes: Now we've learned the tools of microeconomics, it's time to step up to macro. Betsey Stevenson and Justin Wolfers are here to show you how
millions of individual microeconomic decisions affect the macroeconomic world - and how macroeconomics gives decision makers the tools to make our lives better.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E23: Private Information - I Know Something You Don’t Know with full AI transcript and summary
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Update: 2020-12-22
Duration: 00:19:22
Shownotes: What happens when you know something that others don't? Or they know something you don't? These information asymmetries can great create a fog of mistrust,
Duration: 00:19:22
Shownotes: What happens when you know something that others don't? Or they know something you don't? These information asymmetries can great create a fog of mistrust,
and doing business can get tricky. Betsey Stevenson and Justin Wolfers help clear the economic fog, and find ways to restore that trust.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media ProductionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E22: Price Discrimination - Why some people pay less with full AI transcript and summary
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Update: 2020-12-15
Duration: 00:17:12
Shownotes: Discounts for the elderly or students may seem generous - but they win more customers. When businesses ask how they can make as much money
Duration: 00:17:12
Shownotes: Discounts for the elderly or students may seem generous - but they win more customers. When businesses ask how they can make as much money
as possible from each customer, they need a sophisticated pricing strategy. Betsey Stevenson and Justin Wolfers take a look at who gets a discount and why.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media ProductionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E21: Market Power - Why businesses charge more with full AI transcript and summary
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Update: 2020-12-08
Duration: 00:19:23
Shownotes: What's the competition? When businesses have less competition, they have more market power and can raise their prices. Betsey Stevenson and Justin Wolfers explore competition
Duration: 00:19:23
Shownotes: What's the competition? When businesses have less competition, they have more market power and can raise their prices. Betsey Stevenson and Justin Wolfers explore competition
in the market place and the way it shapes prices - and profit.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E20: Inequality - Understanding the Gap between Rich and Poor with full AI transcript and summary
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Update: 2020-12-01
Duration: 00:17:55
Shownotes: How hard is it to move out of poverty and up the economic ladder? Justin Wolfers and Betsey Stevenson explore how economic inequality is shaped
Duration: 00:17:55
Shownotes: How hard is it to move out of poverty and up the economic ladder? Justin Wolfers and Betsey Stevenson explore how economic inequality is shaped
by people's backgrounds and opportunities. And they look at the tools available for making a more equal society.Co-Host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E19: A New Treasury Secretary - Who is Janet Yellen and what will she do? with full AI transcript and summary
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Update: 2020-11-24
Duration: 00:13:28
Shownotes: America’s President-elect has made his choice for the new Secretary of the Treasury. Janet Yellen is an economist and friend of the Think Like an
Duration: 00:13:28
Shownotes: America’s President-elect has made his choice for the new Secretary of the Treasury. Janet Yellen is an economist and friend of the Think Like an
Economist team, Betsey Stevenson and Justin Wolfers. Before the election, Janet Yellen shared her thoughts on the power of thinking like an economist. And in this special episode, Justin reflects on what decisions Janet Yellen will be making.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E18: Presidential Econ 101 - A To Do List with full AI transcript and summary
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Update: 2020-11-17
Duration: 00:11:22
Shownotes: The U.S. presidential election may be over, but what does the new president need to do to get the economy back on track and prepare
Duration: 00:11:22
Shownotes: The U.S. presidential election may be over, but what does the new president need to do to get the economy back on track and prepare
for future shocks? In this special episode, Justin Wolfers has some economic advice for the new president. And of course, Betsey Stevenson will be back for the next episode.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media Production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E17: The Labor Market - Live to Work, or Work to Live? with full AI transcript and summary
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Update: 2020-11-10
Duration: 00:16:35
Shownotes: What can you do to make sure you're working in the right job, and getting paid the right salary? Or, if you're the boss, how
Duration: 00:16:35
Shownotes: What can you do to make sure you're working in the right job, and getting paid the right salary? Or, if you're the boss, how
can you make sure you're making the right hiring decisions? Justin Wolfers and Betsey Stevenson show you how to make good decisions, as a worker or an employer.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E16: Externalities - The Full Cost of the Choices we make with full AI transcript and summary
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Update: 2020-11-03
Duration: 00:16:15
Shownotes: What happens when others benefit from your choices, like your decision whether or not to wear a mask? Or when your choices hurt others, like
Duration: 00:16:15
Shownotes: What happens when others benefit from your choices, like your decision whether or not to wear a mask? Or when your choices hurt others, like
smoking? Economists Betsey Stevenson and Justin Wolfers delve into the world of externalities and explore how policy makers can help ensure effects on others are taken into account. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E15: International Trade - Cars from Corn with full AI transcript and summary
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Update: 2020-10-27
Duration: 00:16:46
Shownotes: When countries do something well, they can sell that in the global market place. But how do consumers and producers get the most out of
Duration: 00:16:46
Shownotes: When countries do something well, they can sell that in the global market place. But how do consumers and producers get the most out of
international trade? Economists Betsey Stevenson and Justin Wolfers explain how people around the world can benefit from international trade. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E14: Gains From Trade - Why Ringo played the drums with full AI transcript and summary
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Update: 2020-10-20
Duration: 00:15:20
Shownotes: Are you doing what you should be doing, and delegating tasks that others should do? Make sure you get the most out of your comparative
Duration: 00:15:20
Shownotes: Are you doing what you should be doing, and delegating tasks that others should do? Make sure you get the most out of your comparative
advantage, as Betsey Stevenson and Justin Wolfers reveal how this economic tool helps run their household. They've written the economics textbook for the 21st century and want to share their love of economics with you.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E13: Economic Surplus - Getting the Most out of Life with full AI transcript and summary
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Update: 2020-10-13
Duration: 00:17:30
Shownotes: You know the joy of buying something that's worth more to you than what you paid? Or that jolt when you sell something for more
Duration: 00:17:30
Shownotes: You know the joy of buying something that's worth more to you than what you paid? Or that jolt when you sell something for more
than what it is worth to you? Leading economists Betsey Stevenson and Justin Wolfers reveal how to know whether our trades spark joy.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E12: When Governments Intervene - Taxes, Price & Quantity Regulations with full AI transcript and summary
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Update: 2020-10-06
Duration: 00:17:50
Shownotes: How does government affect the market? And how can a jar of coins help you understand how taxes affect buyers and sellers. Leading economists Justin
Duration: 00:17:50
Shownotes: How does government affect the market? And how can a jar of coins help you understand how taxes affect buyers and sellers. Leading economists Justin
Wolfers and Betsey Stevenson have written the economics textbook for the 21st century, and share their insight on how the economy is influenced by government.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media productionSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E11: Elasticity - What will you do when prices change? with full AI transcript and summary
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Update: 2020-09-29
Duration: 00:17:33
Shownotes: When prices go up, buyers want less and sellers want more. But how much more? Economists Betsey Stevenson and Justin Wolfers discuss how responsive people
Duration: 00:17:33
Shownotes: When prices go up, buyers want less and sellers want more. But how much more? Economists Betsey Stevenson and Justin Wolfers discuss how responsive people
are to price changes, and why.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E10: Equilibrium - Balance in a Busy World with full AI transcript and summary
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Update: 2020-09-22
Duration: 00:17:41
Shownotes: Where Supply meets Demand. Markets are everywhere, but what happens when buyers and sellers get down to business? Leading economists Betsey Stevenson and Justin Wolfers
Duration: 00:17:41
Shownotes: Where Supply meets Demand. Markets are everywhere, but what happens when buyers and sellers get down to business? Leading economists Betsey Stevenson and Justin Wolfers
reveal how markets find their equilibriumCo-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E9: Supply - Getting the Best Out of What You Sell with full AI transcript and summary
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Update: 2020-09-15
Duration: 00:17:24
Shownotes: We're all suppliers. But how do we decide how much to sell? Economists and the authors of the 21st century textbook on economics, Betsey Stevenson
Duration: 00:17:24
Shownotes: We're all suppliers. But how do we decide how much to sell? Economists and the authors of the 21st century textbook on economics, Betsey Stevenson
and Justin Wolfers, steer us through the influences and decisions we face in business or in the home.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E8: The Law of Demand - How You Choose to Buy with full AI transcript and summary
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Update: 2020-09-08
Duration: 00:15:51
Shownotes: Do you need to buy that? Should you buy one more? Economists Betsey Stevenson and Justin Wolfers explain how you as a buyer can stay
Duration: 00:15:51
Shownotes: Do you need to buy that? Should you buy one more? Economists Betsey Stevenson and Justin Wolfers explain how you as a buyer can stay
in control - and how to make the Law of Demand work for you.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E7: Juggling Work and Childcare During a Pandemic with full AI transcript and summary
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Update: 2020-09-03
Duration: 00:07:58
Shownotes: Betsey and Justin help you figure out how to decide how much time to spend working versus looking after your family, when everyone needs more
Duration: 00:07:58
Shownotes: Betsey and Justin help you figure out how to decide how much time to spend working versus looking after your family, when everyone needs more
attention these days. Could the decisions you make now affect your career in the future?We’ll be back with a full episode on September 8th, when we’ll be looking at the decisions you make as a buyer - that foundation of the economy, Demand.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E6: Is now the time to improve yourself? with full AI transcript and summary
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Update: 2020-08-25
Duration: 00:06:02
Shownotes: Betsey & Justin are getting ready for another year of teaching economics. And with all the recent challenges in the world, Betsey and Justin have
Duration: 00:06:02
Shownotes: Betsey & Justin are getting ready for another year of teaching economics. And with all the recent challenges in the world, Betsey and Justin have
some real-world advice for you - does investing in skills or education make sense right now?We'll be back on September 8th, looking at that old favourite - Demand. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E5: Core Principle 4 - The Interdependence Principle - No Decision is an Island with full AI transcript and summary
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Update: 2020-08-18
Duration: 00:11:46
Shownotes: Buying an extra cup of coffee means less money for a cup of tea. It also means less coffee for the next person, it will
Duration: 00:11:46
Shownotes: Buying an extra cup of coffee means less money for a cup of tea. It also means less coffee for the next person, it will
change the prices of milk and sugar and effect the countries which make the coffee beans for your cup of joe. Betsey Stevenson and Justin Wolfers teach us about how our decisions are interlinked, and how this can help you to make better decisions. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
S E4: Core Principle 3 - The Marginal Principle - Just One More? with full AI transcript and summary
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Update: 2020-08-18
Duration: 00:15:25
Shownotes: How many hours should you work? How many people should you hire? How many children should you have? Betsey Stevenson and Justin Wolfers teach us
Duration: 00:15:25
Shownotes: How many hours should you work? How many people should you hire? How many children should you have? Betsey Stevenson and Justin Wolfers teach us
how to make decisions about ‘how many’ of pretty much anything and in any circumstance.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.