Chasing Full Employment: Understanding the NAIRU and Inflation Trade-offs
Can unemployment ever be too low? In this episode, we explore the Non-Accelerating Inflation Rate of Unemployment—or NAIRU—a key economic concept used to gauge how low unemployment can go without trig...
9 Touko 202513min
Unpacking Unemployment: What the Numbers Really Mean
Unemployment is more than just a headline figure—it’s a window into the health of the labour market and the economy. In this episode, we break down how the unemployment rate is measured in Australia b...
9 Touko 202515min
The Power of Productivity: Measuring What Drives Economic Growth
What exactly is productivity, and why does it matter so much in economics? In this episode, we demystify productivity by exploring its two key forms—labour productivity and multifactor productivity (M...
9 Touko 202519min
Riding the Waves: Understanding Business Cycles and Recessions
What causes economies to boom and bust? In this episode, we break down the business cycle—its phases, causes, and consequences—and explore what defines a recession versus a depression. We examine diff...
9 Touko 202515min
GDP and Beyond: Understanding Economic Growth in Australia
What drives a nation's economy forward? In this episode, we take a deep dive into the concept of economic growth, focusing on Gross Domestic Product (GDP) as the key measure of progress. You'll learn ...
7 Touko 202524min
Why Australia Targets 2–3% Inflation?
What’s behind Australia’s 2–3% inflation target—and why does it matter? In this episode, we break down the Reserve Bank of Australia's inflation target, how it's measured using the Consumer Price Inde...
7 Touko 202513min
Explaining the Causes of Inflation
In this episode, we unpack the key causes of inflation and explore how rising prices can stem from different sources. We delve into the three main types of inflation: demand-pull, cost-push, and infla...
7 Touko 202518min
