Archive for the ‘Incentives’ Category
Link: http://www.npr.org/sections/money/2016/12/23/506763952/episode-587-jubilee
Summary: After Iceland was hit hard by the financial crisis, Icelanders with mortgage loans were drowning in debt. Recognizing the outrage, the Progressive Party of Iceland capitalized and offered to clear everyone’s debt. Planet Money discusses Iceland’s use of a biblical event called jubilee and the results.
Original Air Date: December 23, 2016
Length: 20 minutes
Link: http://www.npr.org/sections/money/2017/01/25/511663527/episode-632-the-chicken-tax
Summary: Believe it or not, there is a chicken tax and it actually applies to automobiles! Back in the 20th century, Germany levied a tax on American chicken to protect their domestic farmers. The US responded by taxing German made automobiles, and thus a trade war began. Planet Money discusses the value of tariffs, and why the chicken tax is still around.
Original Air Date: January 25, 2017
Length: 16 minutes 56 seconds
Link: http://www.npr.org/sections/money/2017/02/03/513302816/episode-752-eagles-vs-chickens
Summary: One farmer had what seemed like a great environmentally conscious plan to fertilize his soil. However, Eagles threw his plan of offering Whole foods consumers organic chicken into disarray. Planet Money discusses how the unintended consequences impacted farmer’s plan.
Original Air Date: February 3, 2017
Length: 17 minutes 28 seconds
Discussion Question: What were the unintended consequences of the farmer’s choice to use chickens to fertilize the soil? Explain how unintended consequences are important to economics.
Link: http://www.npr.org/sections/money/2017/03/31/522226226/episode-762-the-fine-print
Summary: Everybody at one point in their life has heard the term “Got to read the fine print”. But what does that actually mean? Planet Money tells stories about what happens when you read the fine print, and how you can make money from it.
Original Air Date: March 31, 2017
Length: 19 minutes 32 seconds
Link: http://www.npr.org/sections/money/2016/12/14/505556945/episode-592-bell-wars
Summary: Bells are heard every year at Christmas time, but you would have a hard time distinguishing the difference between the two main companies who make them. Planet Money investigates how two bell companies were at war for decades over who’s bell sounded best. As the war affected the sales, engineering, and legal sides of the business, this fierce competition has an unlikely result.
Original Air Date: December 14, 2016
Length: 19 minutes 28 seconds
Link: http://www.npr.org/sections/money/2017/02/24/517076055/episode-756-the-bees-go-to-california
Summary: Bee stings hurt, but without bees, fruits and nuts wouldn’t be possible. Every year, millions of bees travel from the east to California to pollinate fields. Planet Money researches this unique business and how efficient trucking bees from Louisiana to California really is.
Original Air Date: February 24, 2017
Length: 22 minutes 54 seconds
Link: https://www.marketplace.org/2017/03/27/tech/farmers-hack-their-equipment-evade-tractor-company-policies
Summary: Farmers are hacking into their own tractors in order to fix them, rather than pay for a dealer to fix it for them. Marketplace introduces this situation and explains why tractor owners aren’t satisfied with this developing market concentration in the repair market and what they hope to do about it. .
Original Air Date: March 27, 2017
Length: 3 minutes 2 seconds
Discussion Question: What impact does forcing tractor owners to go through dealers for repairs do for competition in the market? Who benefits from this system more, the owner or the dealer?
Link: http://www.npr.org/sections/money/2016/04/27/475929464/episode-417-lance-armstrong-and-the-business-of-doping
Summary: Back in the 2000’s, Lance Armstrong and the US Postal Service Cycling team were going all out to win the Tour de France. After the doping scandal was uncovered, the business behind the team was discovered. Planet Money discusses how professional cycling was dominated by doping, and how it was set up like a business.
Original Air Date: April 27, 2016
Length: 18 minutes 25 seconds
Link: http://www.npr.org/sections/money/2016/08/31/492123182/episode-722-the-new-telenovela
Summary: The fourth most watched network in the United States is Telemundo, partly because of its widely successful Telenovelas. Planet Money discusses how one Telenovela changed TV, implemented strong women characters and had a connection to the Mexican drug ring that helped bring down the infamous El Chapo.
Original Air Date: August 31, 2016
Length: 20 minutes 32 seconds
Link: http://www.npr.org/sections/money/2016/02/17/467108611/episode-684-the-return-of-the-colonel
Summary: Colonel Sanders passed away years ago, which began the strained relationship between KFC Corporate and the KFC Franchises. After a disastrous Oprah segment leading to a free giveaway, the relationship hit rock bottom. Planet Money discusses how re-introducing Colonel Sanders (the character), led to happier franchises and more sales for corporate.
Original Air Date: February 17, 2016
Length: 15 minutes 2 seconds