Archive for the ‘Coronavirus Economic Crisis’ Category

WFH From Barbados   Leave a comment

Link: https://www.npr.org/2020/10/09/922479527/wfh-from-barbados

The economy in Barbados is heavily reliant on tourism and has been struggling due to travel restrictions. To combat the effects of the lack of tourism, Barbados created a program called “Welcome Stamp”, where individuals can receive a visa to work remotely while living in Barbados for a year.

Original Air Date: October 9, 2020

Length: 9 minutes 25 seconds

Winter is coming for the restaurant industry   Leave a comment

Link: https://www.npr.org/2020/11/18/936321423/winter-is-coming-for-the-restaurant-industry

Bar Gernika in Boise, Idaho

The Planet Money Indicator team explores the choices facing restaurants around the U.S. as the pandemic winter approaches. Includes an interview with a restaurant in Idaho that has implemented new strategies in the 2020 economic reality.

Assignment prompt: How does this podcast illustrate the short-run shutdown decision for firms? Use specific economic concepts from your reading and this podcast to explain the decision making process in general and specifically for firms in a crisis, such as the Covid-19 pandemic.

Original Air Date: November 18, 2020

Length: 9 minutes

The Holiday Shopping Season is Already Here   Leave a comment

Link: https://www.marketplace.org/shows/marketplace/the-holiday-shopping-season-is-already-here/

About 100,000 businesses have had to shut down due to Covid-19, and the ones who have survived have had to change many aspects of product promotion. This is in part due to the changes we have seen in consumer behavior because of the pandemic. One way companies are adapting is by starting to sell for holidays now to combat the economic blow they have suffered because of Covid-19 and to make sure there are no shortages of products once the holidays arrive.

Original Air Date: October 12, 2020

Length: 28 minutes, 22 seconds

Discussion Prompt 1: What other ways have you seen businesses adapt to the impacts of Covid-19?

Discussion Prompt 2: Do you think Covid-19 will permanently alter the way consumers behave? If so, how? What about businesses?

Race, Racism and COVID-19 with Devi Sridhar   Leave a comment

Link: https://www.weforum.org/agenda/2020/04/world-vs-virus-podcast/

This podcast connects the Covid-19 pandemic and the existing racial inequalities that have been exposed throughout the pandemic. Sridhar discusses the disproportionate effect Covid-19 has had on minority communities and the unconscious biases that have allowed this to occur. She also discusses the need to eradicate the virus, rather than living with it, after seeing new clusters of cases emerge in countries such as England, China, and South Korea.

Original Air Date: June 18, 2020

Length: 18 minutes 11 seconds

The COVID Slide: Impact on Childhood   Leave a comment

Link: https://bfi.uchicago.edu/podcast/episode-18-the-covid-slide-impact-on-childhood/

Across the country there is concern about the impacts of remote learning on children, specifically those who are already at a disadvantage. Some students may be “losing” up to a year of education depending on their age. This podcast discusses the risks that families are facing right now, as well as research regarding the new roles of parents in their children’s education.

Original Air Date: August 30, 2020

Length: 32 minutes, 47 seconds

Financing a Sustainable Recovery   Leave a comment

Link: https://www.weforum.org/agenda/2020/09/great-reset-podcast-financing-sustainable-recovery-imf/

IMF chief Kristalina Georgieva discusses the need for sustained financial support from governments across the globe. Georgieva emphasizes that policymakers must keep in mind the future of their economies, and promote job creation in sectors which are developing, such as the green energy sector. Additionally, Georgieva discusses the need for investment everywhere in order to inhibit worsening global inequalities.

Original Air Date: September 11, 2020

Length: 16 minutes 11 seconds

Mask Communication   Leave a comment

Link: https://www.npr.org/2020/08/07/900273012/mask-communication

This podcast uses behavioral economics to analyze the reasons why people may refuse to wear masks. Economists believe when these individuals feel external constraints on their freedoms, they feel even less inclined to wear a mask. Behavioral economists discuss nudges/incentives that could be effective in this situation.

Original Air Date: August 7, 2020

Length: 26 minutes 26 seconds

Discussion Prompt: What are some other incentives you can think of that would influence more widespread mask wearing?

Vials, syringes, Packaging: The Small but Vital Components of COVID-19 Vaccine Distribution   Leave a comment

Link: https://www.marketplace.org/2020/09/18/covid-19-vaccine-components-vials-syringes-packaging-distribution/

There is increasing demand for a Covid-19 vaccine, and although many are developing, scientists are still unsure when an effective vaccine will be finished. There is also concern that low income countries will struggle to gain equitable access to the vaccine once it is produced. Thomas Cueni, the director general of the International Federation of Pharmaceutical Manufacturers and Associations emphasized the importance of high income countries buying into efforts which would subsidize lower income countries.

Original Air Date: September 18, 2020

Length: 5 minutes 10 seconds

Negative Oil   Leave a comment

Link: https://www.npr.org/2020/04/22/842095406/episode-993-negative-oil

Oil prices have officially fallen well below a dollar in the United States. This is extremely telling about the current state of the economy, considering this has never happened before.

Original Air Date: April 22 2020

Length: 16 minutes 22 seconds

Discussion Prompt: What can this tell us about the state of the global economy at the time of negative oil? If you were advising policy makers, how important would you say this event was or was not? Why?

Lives Vs. The Economy   Leave a comment

Link: https://www.npr.org/2020/04/15/835571843/episode-991-lives-vs-the-economy

Economists discuss the valuation of human life model to determine when the appropriate time to open the economy is. Federal agencies typically value a human life at $10 million. Many economists recently have said that right now, it is not worth it to open the economy back up.

Original Air Date: April 15, 2020

Length: 25 minutes 24 seconds