Economist Nariman Behravesh on the Havoc Caused by COVID-19   Leave a comment

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

Behravesh, chief economist at IHS states that the uncertainty and fear associated with Covid-19 has been responsible globally for decreased consumption. Although Covid-19 cases in many countries are decreasing, the economic impact is expected to continue for at least another year.

Original Air Date: October 1, 2020

Length: 13 minutes

Discussion Post: Pretend you are a policy maker. If at all, how would you help different industries that are in need of relief because of the pandemic such as the hotel/hospitality industry?

What do Leaked Financial Documents Reveal about Dirty Money in Banking?   Leave a comment

Link: https://www.brookings.edu/podcast-episode/what-do-leaked-financial-documents-reveal-about-dirty-money-in-banking/

Despite national and global efforts to discourage money laundering, there were recent reports from the Financial Crimes Enforcement Network suggest suspicious transactions and funding during the investigation of Russian interference in the 2016 election. This podcast further discusses some of the failures of banks to report suspicious activities in a timely manner. Matthew Collins from the Brookings Institute states that if our government really wants to hammer down on money laundering and other financial crimes, it is crucial to invest more funds into regulatory bodies such as FinCen.

Original Air Date: September 24, 2020

Length: 12 minutes 20 seconds

Behind the Scenes with Dr. Moryl of AudioEcon   Leave a comment

Learn what inspired AudioEcon.com, hear how Dr. Rebecca Moryl uses Social Media to teach economics, and get some inspiration for the semester ahead. Dr. Abdullah Al Bahrani interviewed Dr. Moryl to kick off the second season of ‘Coffee with Dr. A.’ Check out the engaging conversation between two passionate economic educators.

Posted January 13, 2021 by audioecon in Utility

Educated Workers and America’s Competitiveness   Leave a comment

Link: https://www.stlouisfed.org/timely-topics/educated-workers-and-americas-competitiveness

The United States used to lead the world in their percentage of college graduates. Today, the U.S is lagging behind countries like Japan and South Korea. Dr. Monge-Naranjo from the Federal Reserve Bank discusses how this isn’t necessarily a bad thing, and how the United States can benefit from the ideas and technologies being produced elsewhere.

Original Air Date: August 31 2020

Length: 3 minutes 13 seconds

Discussion Prompt: What other ways can this idea benefit the United States? What ways could this be harmful to the United States? Is there any significance or advantage to being “number 1” in terms of college educated workers?

Shruti Rajagopalan on the Past, Present, and Future of the Indian Economy   Leave a comment

Link: https://macromusings.libsyn.com/shruti-rajagopalan-on-the-past-present-and-future-of-the-indian-economy

Rajagopalan, senior research fellow at the Mercatus Center discusses the progress of India’s economy over the years. She compares the size of India’s economy compared the countries such as the U.S. and China, as well as how previous reforms have affected their economy and further reforms in their economy that could improve its development.

Original Air Date: October 19, 2020

Length: 1 hour, 6 minutes

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

How Vikings Launched Globalization 1.0   Leave a comment

Link: https://www.npr.org/2020/10/13/923237556/how-vikings-launched-globalization-1-0

In the year 1000 Vikings were the first individuals from Europe to discover North America. Eventually, they discovered that indigenous individuals were already there and began exchanging goods with them. This is the first known example of a good from one area in the world was able to be traded for a good in another region. There is even evidence of some form of coin being exchanged between the two groups.

Original Air Date: October 13, 2020

Length: 9 minutes 55 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

An Economist Walks into a Bar   Leave a comment

Link: https://www.npr.org/2020/10/12/923123253/an-economist-walks-into-a-bar

This podcast discusses how many groundbreaking ideas were discovered at bars and how they could potentially foster innovation. Individuals like Mike Andrews have researched this through studying the number of patents filed during Prohibition. Andrews found that innovation is mainly sparked through connections made with other individuals. As seen with the Covid-19 pandemic, individuals are still finding remote ways to foster innovation through technologies like Zoom.

Original Air Date: October 12,2020

Length: 9 minutes 59 seconds

Posted November 24, 2020 by meaghanprice3 in Behavioral economics, THE INDICATOR

Tagged with ,

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?