Think Like An Economist

Private Information - I Know Something You Don’t Know

What happens when you know something that others don't? Or they know something you don't? These information asymmetries can great create a fog of mistrust, and doing busi

Making Decisions in an Uncertain World

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 Wolfers show you how to underst

Behavioral Economics - We're only human!

We all can make mistakes when faced with choices. Biases and old habits can get in the way of good economic decision making. Betsey Stevenson and Justin Wolfers discuss t

Gross Domestic Product - Adding Up Everything We Do

We're diving into Macroeconomics with a look at Gross Domestic Product and how it counts everything in the economy - from output, to spending and the income earned. And B

Economic Growth - Improving our Lives

When an economy grows, we live better lives. Betsey Stevenson and Justin Wolfers show you how economic growth is fuelled by the mix of skilled workers, the right investme

Unemployment - Does joblessness have to mean hopelessness?

Being unemployed can be very stressful, so what can economists do to help people back to work? Betsey Stevenson and Justin Wolfers discuss what it means to be jobless, an

Inflation - When money loses its value

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 when we can't trust money any mor

Consumption and Saving - Spend Now or Save to Spend Later

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 tools to make the right spend

Investment - Upfront costs for future gains

When businesses invest, they're weighing upfront costs against future gains. Betsey Stevenson and Justin Wolfers show you how executives make smart investment decisions,

The Financial Sector - Bonds, Stocks and Shares - should you or shouldn't you?

Are you thinking about investing in the Financial Markets? Should you put some of your retirement savings into bonds, or stocks and shares? Betsey Stevenson and Justin Wo

Exchange Rates & International Finance - The flow of currencies around the world

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 Wolfers explain how imports and

The Boom and Bust of Business Cycles

Even economists find navigating the ups and downs of expansions and recessions tricky. With the COVID-19 recession still affecting millions around the world, Betsey Steve

Connecting Interest Rates & Output

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 where it comes from, and how it dr

Inflation and the Phillips Curve

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 Justin Wolfers talk us through ho

The Fed Model - Predicting what will happen to the Economy

When a shock such as the Covid pandemic sends waves through the global economy, how do economists find ways to respond? Betsey Stevenson and Justin Wolfers guide you thro

Aggregate Demand & Aggregate Supply

It's time to explore macroeconomics from a new yet familiar perspective, using economy-wide supply and demand curves to forecast the economy's total output and average pr

Monetary Policy - The Financial Levers That Tame Business Cycles

Central Banks around the world, such as the Federal Reserve, work to keep the economy running smoothly. They set interest rates and adjust financial conditions to keep in

Fiscal Policy - Government Spending and Taxes

There's no bigger player in the economy than the government, which can adjust billions of dollars worth of taxes and spending. Betsey Stevenson and Justin Wolfers explain

Budget Deficits and Government Debt

Government deficits and debt are at record levels in many countries, provoking widespread anxiety. Betsey Stevenson and Justin Wolfers explain why governments run deficit

Introducing: 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