§ Series

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Economics Bites

Ten short conversations on the building blocks of business economics — scarcity, markets, money, and the macro weather.

7 episodesRU · ENRSS →

Episodes

  • 01

    What Economics Studies

    Core economic concepts: scarcity, opportunity cost, rational decision-making, types of economic systems

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    4 MIN
  • 02

    Business in a Competitive Environment

    Demand, supply, market equilibrium, price mechanism, price elasticity of demand

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    3 MIN
  • 03

    Costs, Production, and Profit Maximization

    Short-run and long-run costs, production function, revenue, profit maximization condition MR=MC, shutdown decision

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    3 MIN
  • 04

    Market Structures

    Perfect competition, monopoly, monopolistic competition, oligopoly — characteristics, equilibrium, efficiency

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    3 MIN
  • 05

    Market Failures and Government Intervention

    Social efficiency, market power, consumption and production externalities, instruments of government intervention

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    3 MIN
  • 06

    The Macroeconomic Environment

    GDP, business cycle, aggregate demand and supply, circular flow of income, unemployment, inflation

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    2 MIN
  • 07

    Macroeconomic Policy and International Trade

    Goals of macroeconomic policy, international trade, balance of payments, financial system, money

    With: Iris (host) · Marcus (co-host) · Dr. Levin (guest)

    3 MIN