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Think Like an Economist

An introduction to the big ideas in economics.

Decision-making
Trending Now
Prof. Stevenson & Wolfers

Prof. Stevenson & Wolfers

Former Obama Economist. A Modulated Media Production. Co-hosted by Nastaran Tavakoli-Far; Executive editor Alastair Elphick.

About
Betsey Stevenson and Justin Wolfers believe that economics is a superpower, and they want to teach you to fly. Their signature approach reveals that every decision is an economic decision, and will help you to uncover the economic forces that shape the world around you.

Think Like an Economist

32 Episodes

Trailer: Introduction to Think Like An Economist

2 min

0. Why should you Think Like an Economist?

16 min

1. Core Principle 1 – The Cost-Benefit Principle

18 min

2. Core Principle 2 – The Opportunity Cost Principle

18 min

3. Core Principle 3 – The Marginal Principle

16 min

4. Core Principle 4 – The Interdependence Principle

12 min

Bonus: Should you go back to school?

7 min

Bonus: Juggling Work and Childcare During a Pandemic

8 min

5. The Law of Demand - How You Choose to Buy

16 min

6. Supply- Getting the Best Out of What You Sell

18 min

7. Equilibrium - Balance in a Busy World

18 min

8. Elasticity - What Will You Do When Prices Change?

18 min

9. When Governments Intervene - Taxes, Price & Quantity Regulations

18 min

10. Economic Surplus - Getting the Most out of Life

18 min

11. Gains From Trade - Why Ringo played the drums

16 min

12. International Trade - Cars from Corn

17 min

13. Externalities - The Full Cost of the Choices we make

17 min

14. The Labor Market - Live to Work, or Work to Live?

17 min

Bonus: Presidential Econ 101 - A To Do List

12 min

Bonus: A New Treasury Secretary - Who is Janet Yellen and what will she do?

14 min

15. Inequality - Understanding the Gap between Rich and Poor

18 min

16. Market Power - Why businesses charge more

20 min

17. Price Discrimination - Why some people pay less

18 min

18. Private Information - I Know Something You Don’t Know

20 min

Bonus: Thinking Big, Remembering Small - From Micro to Macro

6 min

19. Gross Domestic Product - Adding Up Everything We Do

21 min

20. Economic Growth - Improving our Lives

20 min

21. Unemployment - Does joblessness have to mean hopelessness?

18 min

22. Inflation - When money loses its value

21 min

Assignment: Spending and Saving

1 min

23. Consumption and Saving - Spend Now or Save to Spend Later

19 min

24. Investment - Upfront costs for future gains

19 min

24 Resources

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