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PODCAST

Economics 101

Welcome to Economics 101, the podcast where we break down complex economic concepts and bring them to life with real-world examples, practical insights, and engaging discussions. In this series, we’ll explore the core ideas that define economics—from supply and demand to strategic decision-making—drawing from the Stevenson and Wolfers textbook and beyond. Each episode delves into a specific topic, offering a fresh perspective on the principles that drive markets, businesses, and personal

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All Episodes

20:18

I quattro principi dell’Economia

Economics 101 ·

2025/09/30

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20:14

Chapter 20: Private Information

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re exploring the fascinating world of decision-making under private information. From used car purchases to health insurance, asymmetric information is a common challenge that can distort markets and lead to inefficiencies. Today we’ll unpack key concepts like adverse selection and moral hazard, explore real-world examples, and discuss solutions that help balance the scales in markets with private information. Here’s what we’ll cover: Understanding

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12:35

Chapter 19: Uncertainty

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re tackling the complex world of decision-making under uncertainty. Whether it’s an investment, a business decision, or a personal choice, uncertainty is everywhere—and navigating it effectively requires a blend of strategy, psychology, and economic understanding. Today we’ll explore how risk aversion shapes our choices, the tools available to mitigate risk, and the behavioral biases that often cloud our judgment. Here’s what we’ll cover:

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18:05

Chapter 18: Game Theory

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re delving into the world of game theory—a powerful tool for understanding and navigating strategic interactions. Whether in business, politics, or everyday life, the choices we make often depend on what others are likely to do. Game theory provides the framework for analyzing these interdependent decisions. Today we’ll explore how strategic thinking can help us achieve better outcomes, tackle coordination challenges, and navigate competition or

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11:46

Chapter 17: Pricing Strategies

Economics 101 ·

2024/11/22

Welcome back to Economics 101 In this episode, we’re diving into the fascinating world of sophisticated pricing strategies—the tools businesses use to maximize profits by tailoring prices to different customer segments. By understanding customer preferences, market dynamics, and demand elasticity, firms can capture more value while enhancing market efficiency. Today we’ll explore how pricing goes beyond simple calculations to become a powerful strategic tool. Here’s what we’ll cover: The Power of

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16:10

Chapter 16: Business Strategy

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re exploring the strategic decisions that define business success. From understanding market forces to positioning products and leveraging bargaining power, these concepts are essential for managers aiming to navigate competitive landscapes and drive profitability. Today we’ll break down the frameworks and strategies that businesses use to position themselves, negotiate effectively, and make critical decisions about production and partnerships

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19:27

Chapter 15: Entry, Exit, and Long-Run Profitability

Economics 101 ·

2024/11/22

Welcome back to Economics 101! Today, we’re tackling the dynamics of entry, exit, and long-run profitability—critical concepts for understanding what keeps businesses thriving (or struggling) in competitive markets. Whether you’re a manager, entrepreneur, or curious observer, this episode will shine a light on the economic forces that shape market competition. We’ll explore how businesses decide to enter or exit markets, what drives long-term profitability, and the strategies that firms use to

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14:15

Chapter 14: Market Structure and Market Power

Economics 101 ·

2024/11/22

Welcome back to Economics 101! Today, we’re exploring the fascinating dynamics of market structures and market power—two essential concepts that determine how businesses operate and influence prices, competition, and innovation. We’ll uncover how different market structures shape firm behavior, the consequences of market power, and the public policies designed to ensure markets remain competitive and fair. Here’s what we’ll cover: Market Structures and Their CharacteristicsPerfect Competition: Where

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48:23

Chapter 13: Inequality

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re diving into some of the most pressing and complex issues in economics: inequality, poverty, and the role of government intervention in addressing these challenges. These topics touch on the heart of how societies balance efficiency, fairness, and collective well-being. Today we’ll explore how inequality and poverty are measured, the tools governments use to redistribute income, and the debates surrounding these policies.Here’s what’s on the

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13:55

Chapter 12: Wages, Work, and Management

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re delving into the forces that shape wages, the decisions that drive work, and the strategies behind effective management. Whether you’re a worker, an employer, or just curious about how labor markets operate, this episode provides key insights into the dynamics of compensation, productivity, and talent development. Today we’ll explore the factors behind wage variations, the tools employers use to attract and retain talent, and how economic

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16:50

Chapter 11: Labor Market Dynamics

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In this episode, we’re exploring the fascinating world of labor markets—where workers meet employers, and wages and jobs are determined. Labor market dynamics reveal how decisions on hiring, wages, and work hours are shaped by economic forces and individual choices. Today we’ll break down the core principles of labor supply and demand, the shifting trends that reshape employment, and the impact of technology on the workforce. Here’s what we’ll cover: Understanding

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12:51

Chapter 10: Externalities and Public Goods

Economics 101 ·

2024/11/22

Welcome back to Economics 101! In today’s episode, we’re diving into two critical concepts that highlight where markets often fail: externalities and public goods. These challenges show how individual choices can sometimes harm—or benefit—bystanders, and why collective action is often needed to address inefficiencies. Today we’ll explore the causes and consequences of externalities and public goods, along with the tools policymakers use to solve these problems. Here’s what we’ll cover:

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25:07

Chapter 09: International Trade

Economics 101 ·

2024/11/19

Welcome to Economics 101! In this episode, we’re taking a closer look at international trade, a cornerstone of the global economy that shapes everything from the goods we buy to the jobs we hold. Trade enables countries to specialize and leverage their strengths, but it also brings challenges that policymakers must navigate carefully. Today we’ll explore the mechanics of trade, its impacts on economies, and the policies designed to manage its effects.Here’s what we’ll discuss:Why Countries

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19:20

Chapter 08: Gains From Trade

Economics 101 ·

2024/11/19

Welcome back to Economics 101! In this episode, we’re exploring two essential concepts that underpin the study of economics: the gains from trade and Gross Domestic Product (GDP). These ideas reveal how markets create value through specialization and trade, and how economists measure the overall performance of an economy. Today we’ll unpack the mechanisms behind trade’s benefits and how GDP serves as a critical indicator of economic activity—while acknowledging its limitations.Here’s what we’ll

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20:55

Chapter 07: Evaluating Public Policies

Economics 101 ·

2024/11/19

Welcome to Economics 101! In today’s episode, we’re exploring the fascinating intersection of welfare economics and market efficiency. Markets are often seen as engines of economic prosperity, but how well do they allocate resources and create value? And just as importantly, how fair are these outcomes? Today we’ll break down the key concepts of welfare and efficiency, diving into the metrics that economists use to evaluate market effectiveness and public policy.Here’s what’s on the

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26:05

Chapter 06: Government Intervention

Economics 101 ·

2024/11/19

Welcome back to Economics 101! In this episode, we’re diving into one of the most debated topics in economics: government intervention in markets. From taxes and subsidies to price and quantity regulations, we’ll explore how these policies shape market outcomes and why their effects often extend beyond their intended goals. Today we’ll examine the economic mechanisms behind these interventions and uncover the real-world consequences of policies designed to help—or sometimes hinder—markets. Here’s

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11:55

Chapter 05: Elasticity

Economics 101 ·

2024/11/19

Welcome to another episode of Economics 101, we’re tackling a game-changing concept in economics: elasticity—the measure of how responsive buyers and sellers are to changes in price, income, or related factors. Today we’ll explore how elasticity shapes markets and influences business decisions. Whether you’re running a business, studying economics, or simply curious about market dynamics, understanding elasticity is essential for navigating today’s complex economy.Here’s what we’ll cover in this

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11:18

Chapter 04: Equilibrium

Economics 101 ·

2024/11/18

Welcome back to Economics 101! In this episode, we’re diving into one of the most fundamental concepts in economics: supply and demand equilibrium. This is the point where buyers and sellers meet, where markets stabilize, and where prices find their natural balance. Today we’ll explore the forces that drive markets toward equilibrium, how shifts in supply and demand create ripple effects, and why understanding these dynamics is key to making sense of economic trends. Here’s what we’ll cover:What is

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10:22

Chapter 03: Supply

Economics 101 ·

2024/11/18

Welcome back to Economics 101, where we break down the economic forces shaping our world. In today’s episode, we turn our attention to supply—the seller’s side of the market equation—and uncover the key principles that guide businesses in competitive markets. Today we’ll explore how sellers decide what and how much to produce, and the factors that influence those decisions.Here’s what’s on the agenda:Individual Supply and the Law of Supply: Learn why supply curves slope upward and how businesses use

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19:03

Chapter 02: Demand

Economics 101 ·

2024/11/18

Welcome back to Economics 101, where we explore the fundamental concepts shaping the way we make decisions and interact with the world around us. In this episode, we’re shifting our focus to demand—a cornerstone of economic analysis that offers profound insights into buyer behavior. Today we’ll unpack the key themes that explain why we buy what we do and how individual choices aggregate into broader market trends. Here’s what you can look forward to in this episode:Individual Demand and the Law of

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