Price Discrimination - Why some people pay less
Discounts for the elderly or students may seem generous - but they win more customers. When businesses ask how they can make as much money as possible from each customer, they need a sophisticated pri...
15 Dec 202017min
Market Power - Why businesses charge more
What's the competition? When businesses have less competition, they have more market power and can raise their prices. Betsey Stevenson and Justin Wolfers explore competition in the market place and t...
8 Dec 202019min
Inequality - Understanding the Gap between Rich and Poor
How hard is it to move out of poverty and up the economic ladder? Justin Wolfers and Betsey Stevenson explore how economic inequality is shaped by people's backgrounds and opportunities. And they look...
1 Dec 202017min
A New Treasury Secretary - Who is Janet Yellen and what will she do?
America’s President-elect has made his choice for the new Secretary of the Treasury. Janet Yellen is an economist and friend of the Think Like an Economist team, Betsey Stevenson and Justin Wolfers. B...
24 Nov 202013min
Presidential Econ 101 - A To Do List
The U.S. presidential election may be over, but what does the new president need to do to get the economy back on track and prepare for future shocks? In this special episode, Justin Wolfers has some ...
17 Nov 202011min
The Labor Market - Live to Work, or Work to Live?
What can you do to make sure you're working in the right job, and getting paid the right salary? Or, if you're the boss, how can you make sure you're making the right hiring decisions? Justin Wolfers ...
10 Nov 202016min
Externalities - The Full Cost of the Choices we make
What happens when others benefit from your choices, like your decision whether or not to wear a mask? Or when your choices hurt others, like smoking? Economists Betsey Stevenson and Justin Wolfers de...
3 Nov 202016min
International Trade - Cars from Corn
When countries do something well, they can sell that in the global market place. But how do consumers and producers get the most out of international trade? Economists Betsey Stevenson and Justin Wolf...
27 Okt 202016min
