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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

Classification

Available on

Now Player & TV

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
EP5

The Impossible Trinity

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

Ends Apr 17 2021
EP4

The Principle of Comparative Advantage

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

Ends Apr 17 2021
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
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
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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