Archive for the ‘Production costs’ Category

Of Boats and Boxes   Leave a comment

Link: https://www.npr.org/2021/11/16/1056299014/of-boats-and-boxes

California Ports were not prepared for the consumer purchasing patterns shift from the pandemic. Instead of vacations, families were buying a new refrigerator or couch. This unpredictable increase in demand combined with the ports’ fragile system caused a supply chain issue that is still affecting America today.

Original Air Date: November 17, 2021

Length: 24 Minutes 55 Seconds

Keep Calm, It’s Just The Bullwhip Effect   Leave a comment

Link: https://www.npr.org/2021/10/20/1047777081/keep-calm-its-just-the-bullwhip-effect

As we already know, the whole world is struggling to get items shipped to distributors because of supply chain issues. The Beergame App, created by logistics expert Mathais Le Scaon, uses the demand of cases of beer to demonstrate the bullwhip effect, where small fluctuations in demand at the retail level cause increasing larger fluctuations up the supply chain. After participating in the game, members of tPlanet Money’s indicator team find that fixing the supply chain is no simple task.

Original Air Date: October 20, 2021

Length: 9 minutes 52 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

Obama, Trump, And Trade   Leave a comment

Obama, Trump, And TradeLink: https://www.npr.org/sections/money/2018/02/07/584032956/obama-trump-and-trade

Summary: THE INDICATOR discusses the Trump administration trade policy thus far regarding the tariffs on solar panels and washing machines that were implemented during Obama’s administration. How much of an impact do tariffs actually make on a country’s economy, if they do at all?

Original Air Date: February 7, 2018

Length: 5 minutes 18 seconds

 

How the Minimum Wage Affects Restaurant Hygiene   Leave a comment

min wage image

Link: http://www.npr.org/2017/09/13/550607377/how-the-minimum-wage-affects-restaurant-hygiene

Summary: Cities across the U.S. have been making efforts to increase the minimum wage, which would impact restaurant workers. However, this move results to unexpected side effects due to the higher costs that restaurants will have to face, leading them to cut back on some services. This story discusses how the effects on increasing the minimum wage ties with the hygiene of restaurants and suggests potential steps that the restaurants can take to minimize their health violations.

Original Air Date: September 13, 2017

Length: 3 minutes 35 seconds

Self Checkout   Leave a comment

self-checkout-936a66b9e1191573547895056746862815fc30b3-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/10/19/498571623/episode-730-self-checkout

Summary: Self checkout has become a staple in grocery stores, but back in 1992 they were considered a laughing stock.  Planet Money discusses self checkout with their creator, and considers what impact automation has on service and employment.

Original Air Date: October 19, 2016

Length: 20 minutes 27 seconds

 

Dear Economist, I Need A Date   Leave a comment

hearts-a7005807b2f51f3d19a6d6b332896854a9a7b5dc-s1600-c85.jfifLink: http://www.npr.org/sections/money/2017/03/01/517985813/episode-513-dear-economist-i-need-a-date

Summary: Love isn’t a word you would normally associate with Economics.  Applying the principles of Economics to your relationships seems preposterous.  But is it?  Planet Money discusses how economics are beneficial to your love life and can help you save on the one cost of love: time.

Original Air Date: March 1, 2017

Length: 23 minutes 13 seconds

The Cheeseburger Diet   Leave a comment

pc-cheeseburger-dubner-burger-300x225Link: http://freakonomics.com/podcast/the-cheeseburger-diet-a-new-freakonomics-radio-podcast/

Summary: In response to the infamous documentary Super Size Me, one woman toured her local area in search for the best burger.  Shockingly, she didn’t gain a single pound despite eating two burgers a week.  Freakonomics discusses the surprising results.

Original Air Date: December 10, 2015

Length: 34 minutes 21 seconds

Discussion Question: What role does utility play in this situation? Will satisfaction of the second burger eaten  always be the same? Explain.

Why is Milk in the Back of the Store?   Leave a comment

gettyimages-3342312-55a826c9edc49463cfd010293e41d804d21784f6-s1600-c85-jfifLink: http://www.npr.org/sections/money/2016/09/21/494927147/episode-555-why-is-the-milk-in-the-back-of-the-store

Summary: There has been a debate for decades as to why the milk is in the back of a store.  Consumers say it’s because you have to walk through store, producers say it’s because of ease of access for the delivery trucks.  Planet Money researches what the actual answer is by talking to people in the industry.

Original Air Date: July 23,2014

Length: 16 minutes 9 seconds

GMO acreage falls — along with commodity prices   Leave a comment

Link: http://www.marketplace.org/2016/04/13/world/gmo-crops-declineat-least-now

Summary: Due to falling commodity prices, the number of acres across the globe containing genetically modified crops has fallen for the first time in 20 years.

Original Air Date: April 13, 2016

Length: 2 minutes 4 seconds