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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 Wolfers 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.
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- Oct 1, 20261 min
Introducing: Think Like An Economist
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- Dec 14, 202115 min
Why Should You Think Like an Economist?
Want to make ‘no regrets decisions’? This podcast will teach you how! Betsey Stevenson andJustin Wolfers are on a mission to equip everyone with key tools from economics that cantruly transform your life: from career dilemmas and financial conundrums to sorting outcomplicated problems in your personal life, economics will help you. Let’s get stuck in.Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See omnystudio.com/listener for privacy information.
- Dec 7, 202118 min
Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons
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. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See omnystudio.com/listener for privacy information.
- Nov 30, 202117 min
Core Principle 2 - The Opportunity Cost Principle - Or What?
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. Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.See omnystudio.com/listener for privacy information.
- Nov 23, 202115 min
Core Principle 3 - The Marginal Principle - Just One More?
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 omnystudio.com/listener for privacy information.
- Nov 16, 202111 min
Core Principle 4 - The Interdependence Principle - No Decision is an Island
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 omnystudio.com/listener for privacy information.
- Nov 9, 202115 min
The Law of Demand - How You Choose to Buy
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 omnystudio.com/listener for privacy information.
- Nov 2, 202117 min
Supply - Getting the Best Out of What You Sell
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 omnystudio.com/listener for privacy information.
About Think Like An Economist
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 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.
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