The 2020 Nobel Prize in Economics

The 2020 Nobel Prize in Economics

In and amongst all of the happenings in the world this year these awards have kind of flown under the radar which is unfortunate because they all recognized some very remarkable works. And in the field of economics, it all had to do with auctions. Auctions and Auction Theory are one of the most important systems to understand in economics because they act as an efficient way to build markets and correctly determine how we value items. In this episode of Economics Explained, we will explore the following questions: What should the average person or aspiring economist know about Auction Theory? What did the winners of this year's Nobel prize contribute to this theory? And how can this be utilized to build better and more efficient economies? Learn more about your ad choices. Visit megaphone.fm/adchoices

Episoder(286)

How Economics Has Changed Dating

How Economics Has Changed Dating

📫 3,800+ read our free newsletter that has weekly origional stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

9 Apr 14min

What’s Really Behind Africa’s “Economic Miracle”

What’s Really Behind Africa’s “Economic Miracle”

📫 3,900+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

6 Apr 21min

Is Degrowth the Only Answer?

Is Degrowth the Only Answer?

📫 3,000+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ Learn more about your ad choices. Visit megaphone.fm/adchoices

31 Mar 18min

Why $129,000 Is the New Poor

Why $129,000 Is the New Poor

📫 3,100+ read our free newsletter that has weekly original stories Sign up: → https://economics-explained-tv-program.beehiiv.com/ This video was inspired by Michael Green's article "Part 1: My Life...

23 Mar 14min

The Rise Of The Middle Powers

The Rise Of The Middle Powers

Europe and the United States share the largest trade relationship in the world, worth nearly 2 trillion dollars each year, but that partnership is starting to fracture. Beneath the surface, this relat...

17 Mar 33min

Did China Just Drop The Ball On Global Dominance?

Did China Just Drop The Ball On Global Dominance?

China’s position as the world’s factory is shifting. Growth is slowing to approximately 4-5%, wages are rising, the workforce is shrinking due to an aging population, the property crisis is weighing o...

22 Des 202516min

A Short Story About Why You Cannot Buy A House

A Short Story About Why You Cannot Buy A House

Home ownership is now unattainable in every major city worldwide. For the first time, none of the 95 cities tracked by Demographia are considered affordable. In cities such as Hong Kong (14.4 times in...

2 Des 202512min

The $400 Trillion Problem No One Wants to Talk About

The $400 Trillion Problem No One Wants to Talk About

The world’s pension promise is unraveling. In the 1950s, sixteen workers supported each retiree; today, that number has shrunk to just 2.7. This dramatic shift is straining pay-as-you-go pension syste...

17 Nov 202517min

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