Burgernomics

Key Points: Traditionally, the law of supply and demand dictates prices in the marketplace, where buyers and sellers agree on a price based on publicly available information. Dynamic Pricing, a system increasingly employed by sellers, adjusts prices continuously based on buyer demand. This dynamic nature allows sellers to maximize profits. However, the twist comes when the purchase price isn't pub...

Does Dynamic Ticket Pricing used by airlines lead to the passenger sitting next to you having paid a different price for their seat? Airlines are masters at gathering data. They can harvest your frequent flyer data and track your computer searches via cookies. How often is this data used to ‘tailor’ the price of your ticket? Can airline’s trawl your LinkedIn account matching a conference you may n...

Welcome to the latest episode of Burgernomics! Today, we delve into the harsh reality that economics, not notions of good or evil, often dictates the outcome of wars. Recent developments, including Vladimir Putin allocating a staggering one-third of Russia's economic output to defense, highlight the economic dimension of modern warfare. Key Points: Russia's Economic Commitment: Putin directs 33% o...

Ukraines Battlefield Economics. Tactics When Your Enemy Has More. Retired Major General Mick Ryan takes us for a journey through the battlefields of Ukraine, the tactics, planning and munitions supply status. The economic theories of ‘supply & demand’ and the ‘allocation of scarce resources’ couldn’t be more applicable to the life and death struggle of war on a battlefield. A battlefield compr...

Follow the beef money trail in 150 seconds. Beef producers doing it tough, supermarkets making huge beef profits, while cost of living increases smash their customers. Using basic economic principles to provide an insightful cut through of Australia's beef situation guaranteed to make you the instant expert.

Beef prices paid to the farmer have dropped 46% in 15 months. However retail prices for beef have not dropped anywhere near 46%. Why hasn’t the beef price drop been passed through to retail prices? Angus Gidley-Baird Senior Proteins Analyst for Rabo Bank and Burgernomics Podcast host Ross MacDowell explore the economic forces effecting Australia’s beef supply chain.

Low Earth Orbit Satellites are providing Australians the broadband service the NBN hasn't. This 96 second podcast makes you an instant expert on Low Earth Orbit Satellites. Great for dinner party conversations or to impress your boss. For a detailed examination of LEO's with telecommunications expert Paul Budde, please listen to the preceding podcast, Low Earth Orbit Satellites. Providing services...

Podcast Discussion Points What are LEO’s and why are they so revolutionary? LEO benefits to the NBN. Why hasn’t the NBN delivered the internet service originally promised? LEO vs land based internet infrastructure? Price and speed comparison. Is launching a low earth orbit satellite less expensive than building land based infrastructure? Could LEO’s deliver all of Australia’s total internet requir...

Connor Slattery is an expert valuer and auctioneer for Abbeys Auctions, a company that specialises in clearing houses of their contents. Downsizing, deceased estates and decluttering, Connor has seen and valued it all! Households spend thousands of dollars on furniture, collectables and household items, but what has happened to their value? Connor Slattery and Burgernomics host, Ross MacDowell dis...

A 100 second cheat note guide to Australia's development relying on organisations that were monopolistic.

Professor Allan Fels, inaugural Chairman of the Australian Competition & Consumer Commission discusses with Burgernomics host Ross MacDowell the realities of policing restrictive business practices that harm Australian consumers. If the law of supply and demand is operating efficiently, how can monopolies exist? Prof. Fels’ defines a monopoly and discusses how some of Australia’s leading organ...

House prices are a function of the law of supply & demand. Why did the RBA create the demand for which it is named the villain? But that's only half the supply & demand equation. Who takes the responsibility for house supply? A 146 second cheat sheet that will make you sound the economic expert on Australia's housing affordability.

Peter Maddison, host of the award winning television series Grand Designs discusses Australian housing affordability. Attitudes will need to change regarding the style & size of Australian housing. This will effect how Australians perceive housing affordability. The new future direction of Australian home design. Effects on housing supply of the local government planning process. Costs of soci...

Australia’s renewable energy debate is a dizzying, multi faceted topic. Highly emotive arguments are forcefully voiced, each declaring theirs is the only rationale argument. Any disagreement can label you a climate denier or woke or  capitalist.  This 185 second cheat note provides a quick overview of the main issues in transitioning Australia to renewable energy. Adam Smith's concept of the ‘invi...

Simon Vardy, a Partner at Deloitte specialising in energy transition within the utilities industry, discusses the ramifications of Australia moving from fossil fuel generated power to renewable energy with Burgernomics host Ross MacDowell. Australian households are experiencing high gas and electricity bills due to increased overseas demand including sanctions on Russia for invading Ukraine. Coal-...

Burgernomics host, Ross MacDowell summarises how the airlines Dynamic Ticket Pricing Model is now being adopted by the live entertainment industry. The system adjusts ticket prices based on supply and demand, but while musicians like Bruce Springsteen and Taylor Swift are jumping on board, music promoters are hesitant due to a potential customer backlash. This 80 second summary is great for dinner...

Michael Newton, founder of A Day On The Green, provides an exclusive  backstage pass to the economics of staging 500 live outdoor shows with 4 million ticket sales.  Elton John, Rod Stewart, Rick Astley, Fleetwood Mac, Bryan Ferry and every headlining Australian music act you can think of have performed at A Day On The Green venues around Australia and New Zealand. The risk, complexity and uncerta...

Working From Home In 156 Seconds. Burgernomics host Ross MacDowell explains how both employees and companies have changed their attitudes toward employees working from home. A 156 second 'cheat note' great for dinner party conversation, impressing your boss or just because you need to understand where hybrid working maybe headed. After the 'cheat note' listen to Australia’s leading hybrid working...

Professor Mark Wooden from the Melbourne Institute of Applied Economic and Social Research and Burgernomics host, Ross MacDowell discuss working from home, hybrid working and the Great Resignation. Does productivity increase or decrease when working from home? Is hybrid working a temporary post COVID phenomenon? Will employees be forced back to offices when unemployment rises back to average level...

Falling House Prices. Should I feel less wealthy in 98 seconds.  Burgernomics host Ross MacDowell explains the Wealth Effect and it’s relationship to house prices. How falling house prices are being caused by interest rate rises which then effect  our emotions and spending. Where are mortgage rates heading? A 98 second 'cheat note' great for dinner party conversation, impressing your boss or just...

Dr Brendan Rynne, KPMG Chief Economist and Burgernomics host, Ross MacDowell discuss 'The Wealth Effect' when we increase our spending based on our homes rising value, which recently have skyrocketed. Interest rates have risen and our home's price has dropped. We should feel anxious and reduce our spending....but we haven't! Why not? Does this mean interest rates will continue to rise? Is an incre...

A non traditional view of the 2022 Australian Federal Government Budget.  Burgernomics host Ross MacDowell explains the different types of budgets, their accuracy in predicting government income & expenditure and their effect on our economy. 

Plumbers earning similar incomes to G.P's in 95 seconds. Burgernomics host Ross MacDowell discusses how the incomes of plumbers has converged toward highly educated doctors. A 95 second 'cheat note' great for dinner party conversation, impressing your boss or just because you need to understand why a visit from the plumber usually costs more than a visit to your G.P. After this 'cheat note', liste...

Plumbers incomes have quickly converged toward that of general practitioners, yet it’s a lot easier and less expensive to become a plumber than a doctor. How have  Australia’s labour markets rapidly increased incomes of plumbers, who stop our tap dripping, compared to doctors, who prolong our life? Burgernomics host, Ross MacDowell discusses with The University Of Melbourne’s Truby Williams Profes...

How economics can save the world in 120 seconds with Burgernomics host Ross MacDowell. A 2 minute 'cheat note' great for dinner party conversation, impressing your boss...or anyone else! Economics is the solution to most of the worlds issues, net zero, poverty, famine, to name a few. Yet younger Australians are not studying economics enabling these problems to be solved quicker. After the 'cheat n...