60-Second Adventures in Economics - for iPod/iPhone
The Open UniversityEver shaken an invisible hand? Been flattened by a falling market? Or wondered what took the bend out of Phillips' curve? David Mitchell helps reveal some of the great dilemmas faced by governments trying to run an economy - whether to save or spend, control inflation, regulate trade, fix exchange rates, or just leave everyone to get on with it and not intervene. You'll learn why Adam Smith put su... more
| Publishes | Daily | Episodes | 12 | Founded | 12 years ago |
|---|---|---|---|---|---|
| Categories | ScienceEducationSocial SciencesCourses | ||||
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Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
Transcript -- Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
Transcript -- The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
Transcript -- Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
Transcript -- David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
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Reviews
- Very good
Short but well explained. Good job
Apple Podcasts4Crashks
Switzerland11 years ago - Easy to understand
推
Apple Podcasts5Hima chin
Taiwan11 years ago - LOVE IT
It simply breaks down everything into bite sized chunks so that it's very easily understood and can get the message through. Thank you so much! You were a big help! Please keep doing it!
Apple Podcasts5Maydeeesuh
Indonesia12 years ago - Now I understand
This Series explains everything in economics except how to become rich.
Apple Podcasts4Vidvertise
United States12 years ago - Simplicity is the best
I like the simplicity of this course
Apple Podcasts5Tron2012United States12 years ago - Mr
Excellently done
Apple Podcasts5OCH07United States12 years ago - 60 seconds
60 seconds of funny and informative information that we should most probably all know
Apple Podcasts5Littletuckerinthebox
Australia12 years ago - Interesting
Good movies. Great artist. Very interesting.
Apple Podcasts5GorgeousJordan
Canada12 years ago
Chart Rankings
Apple Podcasts | #118 |  Ireland/Education/Courses |
Apple Podcasts | #231 |  New Zealand/Education/Courses |
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| Gender Skew | Engagement Score | Primary Location | |||
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