Archive for the ‘opportunity cost’ Tag

13,000 Economists, 1 Question   Leave a comment

Link: https://www.npr.org/2020/01/09/794977811/episode-963-13-000-economists-1-question

At the American Economic Association annual conference, some of the brightest economists answer the question, “What is the most useful idea in economics?”. Answers range from the idea of opportunity cost to thinking at the margin.

Original Air Date: January 10 2020

Length: 21 minutes 1 second

Discussion Prompt: What do you believe is this most useful idea in economics and why?

Written Prompt: Develop your own list of your top ten (or top 5) ‘most useful ideas’ in economics. Be sure to explain WHY you’ve made your selections.  You may use up to 3 of those referenced in the podcast, with your own explanations! The rest must be your idea. 

Stimulus Response   Leave a comment

Stimulus ResponseLink: https://www.npr.org/sections/money/2018/02/14/585844313/stimulus-response

Summary: What would a liberal economist say about the state of America’s economy today? THE INDICATOR discusses how the country’s economy may need some form of stimulus to boost further economic growth.  However, would the benefits of the short run stimulus for the economy that we say we need, outweigh the cost of the long-term tax cuts?

Original Air Date: February 14, 2018

Length: 6 minutes 30 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