Think Like An Economist

By Betsey Stevenson & Justin Wolfers

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 Aug 17, 2020

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.


Episode Date
Supply - Getting the Best Out of What You Sell
00:17:24

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.

Sep 15, 2020
The Law of Demand - How You Choose to Buy
00:15:51

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.

Sep 08, 2020
Juggling Work and Childcare During a Pandemic
00:07:58

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.

Sep 02, 2020
Is now the time to improve yourself?
00:06:02

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.

Aug 25, 2020
Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons
00:17:59

Making a pros-and-cons list when you’re stuck isn’t a bad piece of advice, it’s actually a staple of Thinking Like An Economist. Betsey Stevenson and Justin Wolfers walk us through thinking about the costs and benefits of every decision, and also warn of red flags that can lead us astray. 

Aug 18, 2020
Core Principle 4 - The Interdependence Principle - No Decision is an Island
00:11:46

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 interslinked, and how this can help you to make better decisions. 

Aug 18, 2020
Core Principle 3 - The Marginal Principle - Just One More?
00:15:25
Aug 18, 2020
Core Principle 2 - The Opportunity Cost Principle - Or What?
00:17:50

What would you do instead of taking that dream job? What would you eat for dinner instead of that burger? And how would you spend your lunch hour if not at the gym? Betsey Stevenson and Justin Wolfers get us to think about the next best alternative to anything, and how that can transform the decisions we make. 

Aug 18, 2020
Why Should You Think Like an Economist?
00:15:26

Want to make ‘no regrets decisions’? This podcast will teach you how! Betsey Stevenson and

Justin Wolfers are on a mission to equip everyone with key tools from economics that can

truly transform your life: from career dilemmas and financial conundrums to sorting out

complicated problems in your personal life, economics will help you. Let’s get stuck in.

Aug 04, 2020
Introducing: Think Like An Economist
00:01:58

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.

Jul 16, 2020