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.
Why Should You Think Like an Economist?
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.
Co-host: Nastaran Tavakoli-Far. Editor: Alastair Elphick. A Modulated Media production.
Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons
How economists weigh up every decision.
Core Principle 2 - The Opportunity Cost Principle - Or What?
Why economists think twice before making any decision, even snacking on junk food.
Core Principle 3 - The Marginal Principle - Just One More?
Ask yourself - should you have another?
Core Principle 4 - The Interdependence Principle - No Decision is an Island
No decision is an island.
Is now the time to improve yourself?
Economists don't panic during a pandemic!
I beg to differ
I love your show but aggregate supply and aggregate demand show you said that College will show to employers that they can stick with something and will be more productive. I disagree, I am a Service Coordinator for people with Developmental Disabilities and the employees coming out of College are a mix bag, some are great but many are lazy and have no organizational skills and the people without a College degree are dedicated and organized and do a better job. I think that we should stop encouraging all people to go to College and make it sound like you are less for not going when maybe you could work your way up ( Trader Joe’s, Costco) or train to be a construction worker, plumber or electrician or go in the tech field, who make a good salary. There are a lot of people that have College debt but end up in a job that doesn’t require a College degree. I think that by requiring a College degree you are limiting a lot of good people who could do the job even better.
Good show but stick to economics
There are moments of wishful economic theory here. Justin shows he is well left of center and mixing it in confuses the material. We see oil prices and know it’s 18 months of halted new oil and pipelines that have hurt this country. As an economist you know an 18 month halt to oil signed on Inauguration Day constricted supply and brought higher prices when we took off our masks and came out of lockdown. Talk about that, it’s real and tangible and there are numbers-think like an economist and show them. Your college kids have no hope if they can’t understand stimulus and restrictions to supply created all our current problems.
I teach economics and I am planning to use your podcast recordings in my class to explain these concepts. I suggest looking at more macro concepts.