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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...
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...
We're all actors in the economy, with different habits, dilemmas and choices. And economics is about everyday decisions in our daily lives a...
Emily Oster is one of the most interesting economists in the world, and she uses the tools of economics in everything she does. Betsey Steve...
Larry Summers has been at the forefront of economic thinking for decades - a World Bank chief economist, Professor at Harvard and U.S. Treas...
Professor Greg Mankiw is one of the most influential economists today: a New Keynesian, advisor to Presidents, and a good friend of Betsey S...
We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenso...
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 W...
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? Bets...
Great entrepreneurs identify opportunities for long-term profits before other people can. Betsey Stevenson and Justin Wolfers will help you...
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 det...
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 hi...
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 e...
It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy...
Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers expla...
There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Steven...
Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust f...
When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and...
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 Jus...
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 wher...
Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions...
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 W...
Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares?...
When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives mak...
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...
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,...
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 whe...
Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss w...
When an economy grows, we live better lives. Betsey Stevenson and Justin Wolfers show you how economic growth is fuelled by the mix of skill...
We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spendin...
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 m...
What happens when you know something that others don't? Or they know something you don't? These information asymmetries can great create a f...
Discounts for the elderly or students may seem generous - but they win more customers. When businesses ask how they can make as much money a...
What's the competition? When businesses have less competition, they have more market power and can raise their prices. Betsey Stevenson and...
How hard is it to move out of poverty and up the economic ladder? Justin Wolfers and Betsey Stevenson explore how economic inequality is sha...
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 Li...
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 futu...
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 su...
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...
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 inte...
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 advan...
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...
How does government affect the market? And how can a jar of coins help you understand how taxes affect buyers and sellers. Leading economist...
When prices go up, buyers want less and sellers want more. But how much more? Economists Betsey Stevenson and Justin Wolfers discuss how res...
Where Supply meets Demand. Markets are everywhere, but what happens when buyers and sellers get down to business? Leading economists Betsey...
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 Ste...
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 cont...
Betsey and Justin help you figure out how to decide how much time to spend working versus looking after your family, when everyone needs mor...
Betsey & Justin are getting ready for another year of teaching economics. And with all the recent challenges in the world, Betsey and Justin...
How many hours should you work? How many people should you hire? How many children should you have? Betsey Stevenson and Justin Wolfers teac...
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...