Economics Explained

Exploring why Tesla is valued more than traditional automakers, their unique business model, vertical integration strategy, revenue generation, and potential beyond car manufacturing.

This is Kazakhstan, and yes I know what you are all thinking, and yes in the interest of full disclosure we are definitely cashing in on the hype surrounding the second Borat, but in fairness so is the nation itself. Even still this country is so much more than that with one of the most, hmm let's call it exciting economies in the world. What was once a mistreated soviet state has now gone onto be the largest and wealthiest economy in central Asia, one that is welcoming foreign trade, international investment, and advanced development of technologies to continue this growth into the future. In this episode of Economics Explained, we'll explore the following questions: What went on under Soviet rule? What has the country been up to since the collapse? what is their plan for the future? Learn more about your ad choices. Visit megaphone.fm/adchoices

The US presidential election will be held in 2 days from when this video is published.The process of electing who will go on to be the most powerful man in the world always makes for big news but perhaps never more so than in 2020. The United States is currently in the grips of a major health crisis that has caused untold suffering to people directly affected, and indirectly to people impacted by the economic consequences that came with it. This is all coming in combination with a mountain of other issues, wealth inequality, trade tensions, nationwide protests, a wildly unstable financial market, record-high levels of debts, and a host of other issues that are certainly getting less airtime in 2020 but are of no less importance. This election is a chance, at least in theory, for the citizens of America to have their say about how they would like these issues dealt with... and while there are more issues than ever the right solutions are desperately needed.  Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of Economics Explained, we will explore the following questions: What has been behind the boom in the value of Pokemon cards?  Could this be a genuine investment vehicle?  Or is this all heading towards being the next beanie baby bubble?  Learn more about your ad choices. Visit megaphone.fm/adchoices

The podcast explores the significance of auctions and auction theory in economics, discussing the contributions of Nobel Prize winners, flaws in the English auction system, bidding collusion, and the impact of the simultaneous multi-round auction in building more efficient economies.

Exploring the deviations from economic assumptions and their implications for the economy, policies, and business decisions. The dynamics of supply and demand in a farmers market. The concept of sticky prices and its impact on various markets. The complexities of pricing in different markets and the social impact of overpriced medicine. Implications of employers cutting salaries, employee reactions, consequences for businesses and workers, and potential solutions.

The long-suffering generation of millennials are now set to be significantly poorer than both baby boomers and Gen X'ers. Having entered the workforce during the fallout of the 2008 mortgage crisis and then being hit particularly hard during this current crisis has meant that today millennials only account for 3% of national wealth, where boomers at the same point in their lives accounted for 27%.This trend is more than just another pity party for our fellow latte-sipping millennials. On a wider level, the share of wealth owned by people under the age of 40 has shrunk from 13% to just under 7% over the past 3 decades. Even if we ignore the social issues of younger families having to make do with half that of what their parents did this can have some serious Therefore if this trend continues businesses around the world might start to lose out on their Goldilocks zone of consumer spending.  What is causing this downward pressure on wealth in younger generations? What will this mean for the future growth of nations like the USA? And could this just be a waiting game of wealth, inevitably getting passed down?  Learn more about your ad choices. Visit megaphone.fm/adchoices

This is California, the Golden State and one of the largest economies in the world in its own right. If California was counted as a sovereign nation it would be the fifth-largest in the world by GDP, with a 3.2 trillion dollar gross state product putting it just behind Germany and just ahead of India. In this episode of Economics Explained, we'll explore the following questions: What made the state so prosperous before the 2020 downturn? What were the underlying issues impacting the economy? How will these issues be impacted by this decline? Learn more about your ad choices. Visit megaphone.fm/adchoices

Communism vs Laissez-Faire CapitalismBoth of these opposing theories are very extreme and, for what it's worth, don’t exist in any modern economies anywhere around the world today, despite what some nations might have you believe. In this episode of Economics Explained, we'll explore the following questions:So what are the economic arguments for and against a communist economic system? What are the economic arguments for and against a completely free market?Are there any examples of these extreme systems actually working throughout history? Learn more about your ad choices. Visit megaphone.fm/adchoices

The bottom line is the most important part of any functioning business.Profit after costs, expenses, and taxes. The money that the founders and investors in companies get to put back into their pockets for the risk and effort they put into a business. Sounds like business 101 right? And it kind of is.A business that doesn’t turn a profit is like a freezer that kind make ice, it’s more or less pointless. And sure there are things like non-profit charity organizations out there but most businesses exist to make money!So why is it that some of the biggest companies in the world are not turning profits? Why is it that they don’t even plan to? Learn more about your ad choices. Visit megaphone.fm/adchoices