Economics Explained

In this video we show the economic misunderstandings around economies of scale & induced demand that still pervade in economics journalism and reporting. Learn how misconceptions about these basic economic concepts can impact city planning, business growth, and national policies. Learn more about your ad choices. Visit megaphone.fm/adchoices

Are Australians the wealthiest people in the world? The answer is more complicated than you might think. Learn more about your ad choices. Visit megaphone.fm/adchoices

Want to learn more? Check out our episode on France's Pension Reforms on YouTubeWe had the pleasure of interviewing Dr. Tomasz Michalski, an Economics Professor at HEC and a Parisian Resident living and working in the city as the events unfold. Learn more about your ad choices. Visit megaphone.fm/adchoices

Norway's Economy has been used as the poster child for a socialist mixed economy done right? Is it really the perfect economy or just another country that won the oil lottery? Learn more about your ad choices. Visit megaphone.fm/adchoices

Cuba. This picturesque nation between the gulf of Mexico and the Caribbean is home to possibly the most bizarre economy in the world. Learn more about your ad choices. Visit megaphone.fm/adchoices

Ancient Rome was perhaps the most significant ancient civilization to have existed throughout history, the empire lived for over 1000 years and in that time, it gave us the foundations for our modern society. Democracy, a court-based legal system, Latin languages and alphabet, three-course meals, and perhaps it was one of the first modern economies to move beyond a simple agrarian empire and develop things like modern banking, lending, taxation and yes even financial crisis as we know them today. In the same way that scholars study a dead language like Latin to discerned the foundation of meaning in our modern dialects economists can study the histories of ancient civilizations like Rome to determine basic economic functions in a time before modern financial systems could skew results and Rome was perhaps the most developed case study we could look at. Learn more about your ad choices. Visit megaphone.fm/adchoices

On December 11th, 2019, The Kingdom of Saudi Arabia launched its initial public offering of Saudia Aramco on the Tadawul public stock exchange. The company's initial offering went quite well after an unprecedented marketing campaign, which was pretty much unheard of before this event. On the second day of trading, the company hit a market cap of 2 trillion dollars, easily eclipsing Apple, Amazon, and Microsoft to become the most valuable company in history. Learn more about your ad choices. Visit megaphone.fm/adchoices

Income and wealth inequality are two of the most debate issues in the world of economics. In this video we look at some of the most equal countries in the world to see what they are doing right Learn more about your ad choices. Visit megaphone.fm/adchoices

A home is in most developed nations in the world the centrepiece of the family finances, it is simultaneously the largest investment and largest expense of almost any individual lucky enough to break it to this increasingly unattainable market with a massive mortgage. But is this all for the best? Have houses been conflated with poker chips, as people no longer look at them as shelter for a growing family but rather as an asset to make wild speculative moves on in the hope of equally wild returns. The property market was at the centre of the last financial downturn in 2008, and as it seems we are on the precipice of another major recession it is probably a prudent time to re-evaluate what is going on with the world of real estate. To do this we are really going to have to look at things on a few level’s from the macroeconomic factors like over-development and over-leveraging to issues on an economy-wide level which is ultimately going to boil down to answering a few key questions: What does a strong property market mean for the wider economy? Are their better investments out there? And are we over-leveraged right now? Learn more about your ad choices. Visit megaphone.fm/adchoices

The economics of Britain's exit from the European Union. Learn more about your ad choices. Visit megaphone.fm/adchoices