60-Second Adventures in Economics - for iPad/Mac/PC

The Open University

Ever shaken an invisible hand? Been flattened by a falling market? Or wondered what took the bend out of Phillips' curve? David Mitchell helps reveal some of the great dilemmas faced by governments trying to run an economy - whether to save or spend, control inflation, regulate trade, fix exchange rates, or just leave everyone to get on with it and not intervene. You'll learn why Adam Smith put such a high price on free markets, how Keynes found a bold new way to reduce unemployment, and what economists went on to discover about the impact of policy on people's and businesses' behaviour - which may not always be entirely rational...

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Top 10 60-Second Adventures in Economics - for iPad/Mac/PC Episodes

Goodpods has curated a list of the 10 best 60-Second Adventures in Economics - for iPad/Mac/PC episodes, ranked by the number of listens and likes each episode have garnered from our listeners. If you are listening to 60-Second Adventures in Economics - for iPad/Mac/PC for the first time, there's no better place to start than with one of these standout episodes. If you are a fan of the show, vote for your favorite 60-Second Adventures in Economics - for iPad/Mac/PC episode by adding your comments to the episode page.

The Paradox of Thrift

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • 1 min

The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.

The Phillips Curve

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • 1 min

Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

Transcript -- The Invisible Hand

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • -1 min

Transcript -- Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.

The Impossible Trinity

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • 1 min

The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.

Transcript -- The Impossible Trinity

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • -1 min

Transcript -- The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.

Rational Choice Theory

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • 1 min

Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

Transcript -- Rational Choice Theory

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • -1 min

Transcript -- Without a belief in rational behaviour, it’s hard to design an economic policy with predictable results. In practice, people's errors or misinformed choices can frustrate policy design.

Transcript -- The Principle of Comparative Advantage

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • -1 min

Transcript -- David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.

The Invisible Hand

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • 1 min

Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.

Transcript -- The Paradox of Thrift

60-Second Adventures in Economics - for iPad/Mac/PC

08/29/12 • -1 min

Transcript -- The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.

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FAQ

How many episodes does 60-Second Adventures in Economics - for iPad/Mac/PC have?

60-Second Adventures in Economics - for iPad/Mac/PC currently has 12 episodes available.

What topics does 60-Second Adventures in Economics - for iPad/Mac/PC cover?

The podcast is about Markets, Trade, Courses, Inflation, Podcasts, Economics and Education.

What is the most popular episode on 60-Second Adventures in Economics - for iPad/Mac/PC?

The episode title 'The Invisible Hand' is the most popular.

What is the average episode length on 60-Second Adventures in Economics - for iPad/Mac/PC?

The average episode length on 60-Second Adventures in Economics - for iPad/Mac/PC is 1 minutes.

When was the first episode of 60-Second Adventures in Economics - for iPad/Mac/PC?

The first episode of 60-Second Adventures in Economics - for iPad/Mac/PC was released on Aug 29, 2012.

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60-Second Adventures in Economics - for iPad/Mac/PC

The Open University

Top 10 60-Second Adventures in Economics - for iPad/Mac/PC Episodes

FAQ

How many episodes does 60-Second Adventures in Economics - for iPad/Mac/PC have?

What topics does 60-Second Adventures in Economics - for iPad/Mac/PC cover?

What is the most popular episode on 60-Second Adventures in Economics - for iPad/Mac/PC?

What is the average episode length on 60-Second Adventures in Economics - for iPad/Mac/PC?

When was the first episode of 60-Second Adventures in Economics - for iPad/Mac/PC?

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