The Oz-onomics Podcast

Iran's attack on Saudi Arabia's Aramco oil production. The damage it did and what it means to us (the United States ) and what it means to Saudi Arabia. This effects more than one economy. It will be a mission to get things back up and running and it is still unsure how they will recover from this major loss. They were already empiercing a lot of changes that was leading to economic fragility, thi...

This podcast discusses the effects climate change has and will have on us and the economy. Not only has climate change caused warmer temperatures, but it has also caused extreme weather conditions which has caused a lot of damage. The hotter temperature we've experienced had caused a number of issues such as a decrease in supply of wheat, rice and maize. There will be a decrease in supply and an i...

Substitute goods are products that when purchased, there is an alternative product that is being given up in its place. Technological advancements and marketing strategy combine to influence competition and varying rates of success of a company. Opportunity cost intertwines with these topics because individual preference comes down to how the consumer came into contact with the product, their nece...

Explaining how scarcity, opportunity costs, and supply and demand affect college students and the world around them. College students spend their money differently from person to person, but the rules are all the same. There is scarcity in resources that make finding jobs difficult, not to mention the stiff competition from the rest of the world. Your choices will always have some kind of costs, i...

Hi, my name is Tyler Rogan and today I will be discussing a few real life economic topics regarding hunting. The topics I will be discussing are the overall hunting market, opportunity cost, demand and supply, price elasticity, sunk costs, scarcity, and cost of production. Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics...

There is a severe daycare shortage in NY, and in the rest of the country. There is too demand, and not enough supply, putting NY on the edge of a daycare desert. There are a few different ways to end, or at least lessen the shortage, such as government subsidies to open more centers, hire new teachers, and help parents afford the very high daycare rates. This would also help put money back into th...

Smartphones are everywhere, or so we in the United States like to think. In many regions across the globe, high-end smartphones (such as Apple's iPhones) are not deemed as necessitates, and thus have a higher elasticity as a product. What does this mean for the demand of smartphones worldwide, and how does this impact the products of smartphone companies? Podcast by Nicky Radford. Transcript [MUSI...

The purpose of this podcast is to inform listeners of the deadweight loss of holiday gift giving. It discusses how gift giving takes away purchasing power from a consumer which in turn results in the deadweight loss. If a consumer doesn’t value the gift at the actual price spent on it, there can be a lot of “wasted” money in the gift exchange process. Listen to this podcast to learn why giving cas...

In this podcast, Casey Stewart explores how managers use marginal analysis to make big decisions in the workplace. She also discusses marginal cost and how managers weigh the options of the decisions they make. Her examples are the hiring process as well as the decision to raise prices. Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introduct...

I explain the concept of Opportunity Cost. I break down the general meaning of it, and the economics meaning of it. I also provide examples of each. Lastly, I break it down on how Oswego Students like myself use the opportunity cost concept without even realizing it. Podcast creator: Michael Kolawale. Transcript: [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by stude...

In this podcast we discuss the seasonal nature of strawberries, and how the local harvest season affects supply & demand for imported berries, along with other economic principles. This podcast was created by Kate Soanes and Gabriella Schaff. Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIEL...

The United States is suffering from what some would call an epidemic: food scarcity. One of the most influential countries in the world can barely feed its own people. In this podcast we discuss food insecurity, food deserts, and what it means to feed a family in America today. Have you ever thought about where your food comes from? This episode was created by Erin Geraghty. Transcript [MUSIC] Kat...