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 YouTube We 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 devel...

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,...

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 growin...

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

Want to learn more? Check out our episode on Bank Failures on YouTube We had the pleasure of interviewing Jean-Edouard Colliard, a professor at HEC Paris who knows a lot about financial regulation. He talked to us about bank failures and how he could have predicted the recent ones. Learn more about your ad choices. Visit megaphone.fm/adchoices

How is it even possible for a company to be worth more than $1 trillion? Learn more about your ad choices. Visit megaphone.fm/adchoices

Say you find yourself sitting on top of a vast fortune of funds that were acquired legitimately (or otherwise), and let's just say this vast fortune propels you to billionaire status. Congratulations! You've made it! ... well, sort of. All that’s left to do now is make sure your fortune is secure for generations to come (and not lost as quickly as it was made). But before you can enjoy the high li...

What is modern monetary theory? Is unlimited money possible? Learn more about your ad choices. Visit megaphone.fm/adchoices

Can wars benefit a country's economy? Learn more about your ad choices. Visit megaphone.fm/adchoices

Could space travel ever be economically viable? Learn more about your ad choices. Visit megaphone.fm/adchoices

Check out our corresponding video on YouTube and share your thoughts in the comments. --- Nouriel Roubini is an economist and professor at NYU's Stern School of Business, known for his expertise in macroeconomics and international finance. He predicted the 2008 financial crisis and has served as an economic adviser to the IMF, World Bank, and various governments. He is a frequent commentator in th...

Is there such a thing as "good debt"? And how could something good cause so many issues? On top of this is there any way that we could just run an economy without debt and would we be better off for doing so. Well, it turns out we probably can, and in fact, there are many economies around the world today that are developing rapidly while going without this system that we just assume is a given. If...

The internet is widely hailed as one of the most economically impact inventions of the modern era. But there is one much more mundane invention that at least one economist believes was even more important - the washing machine. Learn more about your ad choices. Visit megaphone.fm/adchoices

Economic growth is something that is important to every global citizen today. But it's not something to necessarily take for granted – we are certainly not "owed" long-term growth. We must earn it. And above all, we must continue innovating to become more efficient. Simultaneously, society must collectively address the major issues that we're inevitably set to face within this century if we wish t...

What will the potential economic outcomes of leadership change be why is it that a dictatorship inherently makes for a poor economy? What the potential outcomes will be for North Korea will be in the future. How countries have dealt with this type of situation in the past. And perhaps initially what is it that would stand in the way of a country like North Korea embracing a modern economic system,...

Hong Kong has done very well for itself as a global middleman. And the meteoric rise of its neighboring economy, China, has only strengthened the city’s already-prosperous position.  But, of course, if you follow the news, you probably already know that Hong Kong has seen better days. Global trade tensions, prolonged protests, and good old-fashioned competition have dramatically impacted its econo...

France is a global trendsetter for other economies. This goes from the rollout of the metric system to more tangible short term indicators. If you want to predict the future, look to France. This is not to say that the country is any further ahead than any other developed nation. In fact, in many ways, it is quite the opposite, but the industries they choose to engage in making them a great indica...

Taxes are an unfortunate reality for most people living and working in the modern world, we pay them every year, we complain about them, and then we forget them until next year.  Taxes are one of the most important elements of any economy around the world. Entire societies can grow from effective taxation and crumble without it. Learn more about your ad choices. Visit megaphone.fm/adchoices

In 2017, at Christie’s Auction House in New York, a mysterious #Art buyer bid a record-breaking $450 million dollars for the #SalvatorMundi; a painting by the legendary Leonardo da Vinci. News of the staggering purchase price sent shockwaves throughout the entire art market (which, interestingly, has been a reliable indicator of impending market bubbles for decades).  What drives the high-end #Art...