60 Second Adventures in Economics
60 Second Adventures in Economics
60 Second Adventures in Economics
Ever shaken an invisible hand? Or been flattened by a falling market? This series helps reveal some of the great dilemmas faced by governments trying to run an economy - whether to save or spend, control inflation, regulate trade, or leave everyone to get on with it. More
Ends
Apr 17 2021
Lang
English
Subtitle
Eng
Duration
1 Minutes
Episodes
6
Classification
G
Available on
Now Player & TV
  • 60 Second Adventures in Economics E6 -Rational Choice Theory
    EP6
    Rational Choice Theory

    Without a belief in rational behavior, it’s hard to design an economic policy with predictable results.

    Ends Apr 17 2021
  • 60 Second Adventures in Economics E5 -The Impossible Trinity
    EP5
    The Impossible Trinity

    This 'trilemma' suggests that a country can't maintain a fixed exchange rate, free capital movement.

    Ends Apr 17 2021
  • 60 Second Adventures in Economics E4 -The Principle of Comparative Advantage
    EP4
    The Principle of Comparative Advantage

    This episode introduces David Ricardo's famous economic model - Principle of Comparative Advantage.

    Ends Apr 17 2021
  • 60 Second Adventures in Economics E3 -The Phillips Curve
    EP3
    The Phillips Curve

    Phillips' curve describes an inverse relationship between the rate of unemployment and that of wage inflation - but this

    Ends Apr 17 2021
  • 60 Second Adventures in Economics E2 -The Paradox of Thrift
    EP2
    The Paradox of Thrift

    The Paradox of Thrift suggests that while it may be wise individually to save money when income is low.

    Ends Apr 17 2021
  • 60 Second Adventures in Economics E1 -The Invisible Hand
    EP1
    The Invisible Hand

    Adam Smith used the term The Invisible Hand to describe the self-regulating nature of the market place.

    Ends Apr 17 2021
 

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