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Think Like An Economist

An introduction to the big ideas in economics.

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Decision-making
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

20 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

14 Resources

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