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Elon Musk (Entrepreneur - Tesla, SpaceX, the Boring Company)

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Elon Musk (Entrepreneur - Tesla, SpaceX, the Boring Company)

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Economics degree

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A great podcast - with their new special focusing on inequality

There are several more podcasts in the 'Economics in Ten' series

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Season 5 Episode 5 - Millicent Fawcett

In 1890, the British Economic Association was formed, which would later become the Royal Economic Society. At that meeting was Millicent Fawcett and ten or eleven other women. Better known as one of the foremost leaders of the movement for women's suffrage, she was also at the heart of the economic establishment of the late nineteenth and early twentieth centuries, not only through her marriage to renowned economist Henry Fawcett but also, as is less well known, as author of one of the most popular economics textbooks of the day.  In this podcast from your friendly neighbourhood economists, Pete and Gav, you will find out about the life of Millicent Fawcett and her contribution to economics. Along the way, you can find out more about the forgotten women of the world of Victorian economics and also dip a toe into the modern day field of Feminist Economics. There is a quiz as always and technical support comes from chief wizard Nic, pulling another podcast rabbit out of his hat.

01:28:12

May 09, 2022

At the moment everyone seems to be talking about the cost of living crisis and it's not hard to see why. Drive past a garage forecourt in the UK and you'll see that petrol prices have reached their highest average on record. Energy bills are rocketing making some households reluctant to put on the heating. The cost of your weekly shopping bill is more expensive than last week and yet this seems to be happening EVERY week!!! Other countries around the world are seeing a similar reduction in the spending power of their hard-earned cash with levels of inflation not seen for decades. So, in this 'cost of living' special, your friendly neighbourhood economists, Pete and Gav, answer 10 questions that help explain why this is occurring now and also discuss what the solutions might be to stop this from happening again in the future. Along the way there is a quiz based on 1992 (the last time inflation was this high) and a new poem linked to a famous Budweiser advert. Technical support as always comes from covid Nic.  NB: When Gavin says regressive when we discuss the rise in national insurance he meant progressive. Sorry!

01:22:21

March 13, 2022

Season 5 Episode 4 - Arthur Pigou

What should governments do to stop problems such as consumers overeating or producers polluting? Many economists would encourage what is known as a Pigouvian tax that increases the price, reduces demand and creates revenue for the government, all at the same time. But why is it known as a Pigouvian tax? In this podcast from your friendly neighbourhood economists, Pete and Gav, you will find out about the life and ideas of Arthur C. Pigou, who the tax is named after. The man who bridged the gap between Marshall and Keynes, Pigou is sometimes the forgotten man of economics and was probably the last of the classical economists but arguably his ideas about market failure are more relevant than ever. Along the way, you can test your knowledge on famous Olympians, consider whether Pigou was a misogynist and wonder how good you would be at Cumberland wrestling! As always technical support comes from Nic ‘Brailsford’ and music comes from Jukedeck. You can make your own at Jukedeck.com.

01:23:51

March 01, 2022

Season 5 Episode 3 - James M Buchanan

What do we expect from our public servants? We assume they do their jobs in order to make the world a better place and improve the welfare of society but James M Buchanan had other ideas. He saw those in power looking to do what’s best for them rather than for the people they represent and unfortunately the news cycle seems to support this seemingly cynical view. Public Choice Theory won Buchanan the Nobel Prize in Economics and in this third episode of our fifth season, your friendly neighbourhood economists Pete and Gav, take you through the life and ideas of James Buchanan. Along the way, you can test your knowledge on middle names, consider the viewpoint that the free market is the most ethical economic system and whether you would like to drink zucchini wine! As always technical support comes from Nic and music comes from Jukedeck. You can make your own at Jukedeck.com.

01:27:08

January 31, 2022

It's Christmas!!! AGAIN! And what more could you want this festive season than another Economics In Ten Christmas Special...it's almost becoming a tradition! So grab a mulled wine and a mince pie and listen to your friendly neighbourhood economists, Pete and Gav, discuss 10 questions that will teach you some economics and give you some festive cheer. Although take note...you will hear the most depressing Christmas poem ever!! Sorry. As always, there is a festive quiz and some wonderful present suggestions. Technical support (and jingle bells) as always come from Father to 3 Christmas Nic and music comes from Jukedeck. You can create your own at Jukedeck.com. Merry Christmas everyone!!! HO! HO! HO!

01:21:29

December 06, 2021

As they sing in Oliver! - Food, glorious food...and we LOVE our food. We love being in the kitchen, we love coming up with recipe ideas and we love gifting food-related books like Snoop Dogg’s glorious cookbook... but what can food (and drink) teach us about economics? Lots of course! In this special, Pete and Gav, your friendly neighbourhood economists, stuff so much economics into ten questions about 10 ingredients, you’ll have to loosen your belt to take it all in! And at the end, there are even ideas for a four course meal based around the ingredients mentioned. Wow! How good is that? Technical support as always comes from Marco Pierre Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Bon Appetit everyone!!

01:20:24

November 15, 2021

Season 5 Episode 2 - E F Schumacher

'A Study of Economics as if People Mattered' was the subtitle of E F Schumacher's most famous work, 'Small is Beautiful'. It might seem jarring to non-economists that people might not "matter" in economic theory but Schumacher's contention was that the "simplifying" assumptions of mainstream economics were decidedly non-trivial - they were "assuming away" the very essence of our humanity. Seen by many as the godfather of the modern environmental movement Schumacher viewed with alarm the alienation caused by the rapid industrialisation of the modern era and with even greater concern the devastating ecological impact of mankind's frenetic race to produce more and more. On the eve of COP26 Schumacher's ideas are arguably more relevant that ever. In the second episode of our fifth season, your friendly neighbourhood economists, Pete and Gav, take you on a journey through the colourful life and evolving intellectual landscape of Ernst Friedrich Schumacher. Along the way you can test your knowledge on other famous Schumachers and debate the ethics of naming a child after an old flame... As always, technical support is provided by Mr Shingles and music comes from jukedeck. You can make your own at jukedeck.com. PS Pete prematurely refers to the COP27 rather than COP26 meetings throughout - apologies!

01:32:38

October 29, 2021

Season 5 Episode 1 - Simon Kuznets

To establish whether you are in good shape a doctor might take your pulse. In economics, Gross Domestic Product (aka GDP) is the go-to metric for determining economic health. Governments can be toppled off the back of disappointing GDP data - think recessions  (or even worse the dreaded double-dip recession!).  But who was the man behind the creation of this powerful if often misunderstood concept and what might he make of the latter-day uses and abuses of GDP today? In the first episode of our fifth season, your friendly neighbourhood economists, Pete and Gav, explore the life and ideas of Simon Kuznets. A man of mystery, they hunt down how he became such a hugely influential figure in the world of economics and how he ended up having at least two curves named after him, the ultimate if unspoken dream of every academic economist. Along the way, you can test your knowledge of Belarus, the birth place of Kuznets and hear us (!) eating some food related to his Jewish background. As always, technical support is provided by a very tired Nic and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:18:06

September 17, 2021

Summer Reading Special 2021

“A word after a word after a word is power.” – Margaret Atwood. Many of the great economists we have looked at in our past episodes were voracious readers, and whilst we in no way put ourselves in their company we are great believers in reading widely. Simply put we at EconomicsInTen are great believers in the power of reading and the power of words.  Therefore in this sequel to the first Summer Reading special, your friendly neighbourhood economists Pete and Gav answer one simple question 10 times. What book would they recommend and why? All the books are linked to economics in some way and if you read them all, you will become a better economist and who knows, perhaps a better human being too! So while away those long summer days catching up with our podcast and reading these beauties.   As always, this podcast comes with technical support from the great Nic and comes with music from Jukedeck – create your own at jukedeck.com. PS Apologies for the delay in this episodes release; we hoped to get it out at the start of summer but have been hit by "pings", mic problems and various other modern ills. These books will keep you going well into the Autumn!

01:03:32

August 03, 2021

Season 4 Episode 5 - Esther Duflo

Have you heard of the ‘Randomistas’? Seemingly they are taking the economics world by storm and at the heart of this group of research economists is a French-American named Esther Duflo. With her husband Abhijit Banerjee and colleague Michael Kremer, she became only the second woman to win the Nobel Prize for Economics, for her use of Randomised Control Trials, aimed at testing the efficacy of different social policies in combatting poverty and other ills in the developing (and in parts of the developed) world. Lauded by world leaders (and philanthropists with deep pockets) they have put forward a vision of economics unclouded by prejudice and politics.  But in a profession seemingly divided between free marketeers and interventionists, does she successfully cut through the noise by dealing only in the data? In other words is it possible or even desirable to be free of ideology in the pursuit of economic truth and "what works"? This question and many more surrounding the life and ideas of Duflo, are discussed as always by your friendly neighbourhood economists, Pete and Gav. Technical support is provided by Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:29:24

July 02, 2021

Season 4 Episode 4 - Muhammad Yunus

Quiz Question: Who is the only economist to win the Nobel Peace Prize? Answer: Muhammad Yunus.... and yet strangely he has never been in the running to win the equivalent Economics Prize.  Is there a reason why his ideas,  and those of the institution he founded - The Grameen Bank - have been so welcomed by US Presidents and other dignitaries and yet not been as well received by his peers? It could be the fact that microfinance, his big idea to solve poverty, has proved somewhat controversial in the world of development economics... Whatever you believe we think you will find Yunus's life and thoughts fascinating, particularly if you have ever struggled to get credit or been a member of the Scout Movement. Warming themselves around the podcast campfire as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by "Akela" Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:34:04

May 28, 2021

Season 4 Episode 3 - Amartya Sen

How do you know if a country is "doing well" economically? How can we say that one country is "more developed" than another? For many years incomes (GDP) and other measures of how much "stuff" a country was making were the standard yardstick but then along came Amartya Sen and changed our viewpoint on how development was measured forever. Those ideas, shaped by a childhood that spanned the partition of India, would eventually win him the Economics Nobel Prize but there is so much more to the man, even though he rejected  'The Mother Teresa of Economics' moniker. Guiding you through Sen's life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by 'WD40Man' Nic and music comes from Jukedeck. You can create your own at Jukedeck.com Note - in our India quiz, Pete gets 3 out of 5 correct. In the boardgame question, there are in fact two right answers. Apologies...do not shout at the podcast when the error arises!

01:28:35

April 12, 2021

Season 4 Episode 2 - Hernando de Soto

Are you lucky enough to own your own home or business? But do you ever stop and think about what you would do if someone tried to take it from you, or bulldoze it? Do you ever stop and reflect on the economic power that legally protected property gives you? It's very easy to take property rights for granted but one economist is convinced that they are the key to the success of capitalism and unlocking the entrepreneurial power of the developing world; his name is Hernando de Soto. So if you are interested in the ideas of the man Bill Clinton calls 'the world's greatest living economist' then have a listen and discover the potential power of 'dead capital'! Guiding you through as always is Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic (or 'The Weaver' as we like to call him) and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:22:11

March 15, 2021

Have you ever wanted to know about inequality but didn’t know where to start? In this latest special by Pete and Gav, your friendly neighbourhood economists, you will be guided through the economics of inequality. Along the way you will come across stocks and flows, a curve that looks like an elephant and a coefficient that has nothing to do with Aladdin but everything to do with an Italian economist. As always, it comes with lots of suggested reading and if you ever end up in government, ideas that might help to reduce inequality. Technical support is provided as always by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com.

01:27:46

February 12, 2021

Season 4 Episode 1 - Daniel Kahneman

Did you hear about the psychologist that won the Nobel Prize for Economics? Sounds like the start of a joke doesn’t it? But in 2002 Daniel Kahneman won the award for the revolutionary work on "prospect theory"  carried out with his colleague and friend Amos Tversky.  Their work changed the course of economics by introducing the world to behavioural economics. So if you’ve ever felt like you have been tricked into buying something at a higher price or have fallen into the trap of just following the crowd, then you could do with knowing some of the behavioural biases that mean you don't quite conform to the model of homo economicus aka rational economic man (or woman).  Guiding you through Kahneman’s life and ideas as always are Pete and Gav, your friendly neighbourhood economists. Technical support is provided by our good friend Nic and music comes from Jukedeck. You can create your own at Jukedeck.com

01:39:04

January 25, 2021

It’s Christmas!!!! But slightly different in 2020. With the coronavirus still here and a full rollout of a vaccine still distant, there might be many who face Christmas on their own or not seeing many people. Therefore Pete and Gav thought it would be the right thing to do and create another economics of Christmas! So sit down with your drink of choice, get in your favourite chair and listen to your friendly neighbourhood economists as they go through 10 questions that will teach you some economics and provide some festive cheer! You can even have a go at a Christmas quiz - can you recognise ‘Merry Christmas’ in 10 different languages or at least beat Pete’s score?   Technical support (and jingle bells) as always comes from St. Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Have a merry Christmas everyone!!!

01:12:27

December 19, 2020

Season 3 Episode 5 - Thomas Robert Malthus

When Thomas Carlyle famously described Economics as ‘the dismal science’ it was said that it was inspired by the writing of Thomas Malthus. His doom and gloom essay on population was to have a legacy that lasted his lifetime and beyond but were his predictions correct? And if he wasn’t, why do we still talk about ‘Malthusian’ economics now? As always, your friendly neighbourhood economists, Pete and Gav will be guiding you through the numerous arguments surrounding Bob’s work and wondering whether he was just a mild-mannered vicar, a headline-grabbing egotist or just a son who wanted to prove his dad wrong. Technical support as always comes from the Drop Down Thread tea maker Nic and music comes from Jukedeck. You can create your own at jukedeck.com.

01:37:51

October 19, 2020

Season 3 Episode 4 - Ibn Khaldun

Who is the founding father of Economics? Adam Smith you say? Who told you that? We did!?! Well…do you remember that famous quote attributed to Keynes (via Paul Samuelson)?  It was ‘when the facts change I change my mind, what do you do?’ and it seems that the facts may have changed. We say changed but maybe simply forgotten or ignored. Some are now making a case for Ibn Khaldun, an Islamic scholar, as the great-great-grandfather of our beloved discipline. Make up your own mind after hearing more about this fascinating man. As always your friendly neighbourhood economics Pete and Gav will guide you through the arguments and discuss how Ibn Khaldun may have got there first with many of the concepts which are are still central to Economics today. Technical support as always come from Nic and music comes from Jukedeck. You can create your own at jukedeck.com.

01:19:13

September 20, 2020

The summer of 2020 was the festival of sport that was never was. Many have tried to fill this gap, some with more success than others…I mean, who hasn’t enjoyed watching Simon Anthony complete a Sudoku puzzle on YouTube? Or been gripped by kitchen darts? But now it’s our turn to step up to the plate! Yes…here it is…the economics of sport. There are 10 thought provoking questions as always and guiding you through are your friendly neighbourhood economists, Pete ‘The Greatest’ and Gav ‘The Golden Boy’. Learn how John Nash might have taken a penalty and why Gav wears lucky socks.   Technical support and sound effects as always comes from ‘Hands of Stone’ Nic and music comes from Jukedeck – you can create your own at jukedeck.com. PS - Gav does know that Brazil is not in Africa!

01:36:00

August 11, 2020

Season 3 Episode 3 - Joseph Schumpeter

The chances are you have heard the phrase ‘creative destruction’ but what do you know about the man that coined it? In this podcast you will find out about Joseph Schumpeter, an economist who was hard to categorise but had plenty to say. In a world where ‘secular stagnation’ has arguably become the norm, his work on entrepreneurship and innovation are as important as ever. As well as being an influential economist Schumpeter also lived what might be called a 'colourful life' which may have helped to shape his unique perspective on economics.  Guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from Nic - ‘The Big Dawg’ and music comes from Jukedeck. You can create your own at jukedeck.com.

01:28:19

July 27, 2020

Season 3 Episode 2 - Alfred Marshall

Demand and Supply – the cornerstone of economics! But how much do you know about Alfred Marshall, the first man to draw the ‘Marshallian Cross’ that we all use today? Some argue his ‘Principles of Economics’ was the most influential book of the 19th Century and set the template for every economics textbook that followed. This episode is jam-packed with economics and guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from b-boy Nic and music comes from Jukedeck and you can create your own at jukedeck.com.

01:30:42

June 29, 2020

Season 3 Episode 1 - Milton Friedman

Want to know more about Milton Friedman? The marmite of economics! You may have noticed that people either love him or hate him. Mrs Thatcher lauded him as the quintessential ‘intellectual freedom fighter’ but for others he’s the architect of a damaging neoliberalism ideology,  the so-called "shock doctrine" that has damaged many societies around the world.  Arguably both views are too simplistic in a world that has become increasingly binary in its thinking; perhaps there is a middle ground.  Dubbed the most influential economist of the late 20th Century, there is much to say about Friedman (as you’ll discover) and trying to guide you through as always, in an even handed manner,  are Pete and Gav, your friendly neighbourhood economists. Technical support as always comes from master mixer Nic and music comes from Jukedeck and you can create your own at jukedeck.com.

01:43:21

June 01, 2020

The coronavirus has meant misery for many and lockdown has been unsettling for all but in many respects, it’s created an opportunity to stop and think about what kind of world we want to live in. Covid-19 has led to the world being rebooted and there are many positives that have come from lockdown that we want to share and discuss. From the darkness, we want to shine a light. In a survey commissioned by the RSA, many people have made radical lifestyle changes and 85% want those changes to continue. This is a positivity podcast and when lockdown finally ends, we want you coming out, brimming with ideas on how to make the world a better place. We only ask one question but we do it ten times in this Economics in Ten special and guiding you through as always are Pete and Gav, your friendly neighbourhood economists. Technical support comes as always from Nic, who prefers ‘Call of Duty’ to decorating and music is by Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The PodBible Independent Podcast of the Year 2019. NB - their may be the occasional audio issue; remote working has had to lead to innovations in our podcast set up!

01:14:41

May 05, 2020

The coronavirus crisis represents a huge challenge for humanity. We are seeing policy making at the national level that is unprecedented outside of war-time - so what might it mean for the future of economics and society in general? Will the pandemic shift the ‘Overton window’, the spectrum of “acceptable” government policies? Or will we see ‘disaster capitalism’ take advantage of the current economic breakdown? Graffiti in Hong Kong stated ‘We can’t return to normal, because the normal that we had was precisely the problem.’ but is that true? All of these questions and more will be discussed in this Economics in Ten special and guiding you through as always are Pete and Gav, your social distancing, friendly neighbourhood economists. Technical support comes as always from #boredathome Nic and music is by Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The PodBible Independent Podcast of the Year 2019. NB -  for the occasional audio issues - there is the occasional lack of sync between our voices; we are still getting used to “remote working” like the rest of the country/world!

01:19:43

March 30, 2020

Season 2 Episode 5 - Joan Robinson

George Bernard Shaw once noted: ‘The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.’  What George forgot though was unreasonable women and when it comes to Economics, Joan Robinson was the unreasonable, brilliant woman and wow…did she make progress! Sadly in the male dominated economics world, she’s rather over-looked and this needs to change. She changed the way we thought about markets, she challenged economic orthodoxy, was part of Keynes’ inner circle and offered up her own growth theories. In this new podcast, you will find out all this and more! Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from Nic (check out his app – cheeky fingers). Music comes from Jukedeck and you can create your own at jukedeck.com. PS Apologies for a brief sound outage that occurs around the 20 minute mark. You might think the podcast is over at this point but fear not you have another hour of fun/learning about the great Joan to go....

01:20:40

March 02, 2020

What does the dismal science have to say about the affairs of the heart? More than you imagine... You will be amazed at how much economics can teach you about love, lust and other four letter words. . In the latest of our Economics In Ten specials you'll discover how the insights of behavioural economics can help you decide whether you are with 'the one', whether capitalism is bad for your love life and most importantly how to win Love Island (with special thanks to John Forbes Nash Junior). The course of true love may never run smooth but to to help it along the way you have your friendly neighbourhood economists (and incurable romantics) Pete and Gav. As always we draw upon the technical support of the Economics in Ten team casanova Nic. Music comes from Jukedeck and you can make your own sweet music at jukedeck.com.  Economics in Ten - The PodBible Independent Podcast of the Year 2019.

01:09:50

February 01, 2020

Season 2 Episode 4 - John Forbes Nash Jr

We all like games don’t we? But in order to win games you need the best strategy and there is one economist who is synonymous with games and more specifically ‘game theory’. You might know him from the award winning film ‘A Beautiful Mind’ but there is so much more to know about John Nash Jr. and the Economics in Ten team want to share that with you.  Along the way you will find out the best way to win ‘Rock, Paper, Scissors’, discover the huge cost (or benefit) of the nuclear arms race and what’s the market rate for a Nobel Prize medal at auction. Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from our yellow trainered friend Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Economics in Ten – The Oh.My.Pod. PodBible Independent Podcast of the Year 2019.

01:28:40

January 19, 2020

It’s Christmas!!!! But what does Christmas have to teach us about economics? Well…quite a lot in fact as you’ll soon find out as you listen to this festive special by the Economics in Ten team. What’s the best present you can give according to economists? Should you get a real tree or a plastic one from an environmental economics perspective? What can the ‘12 Days of Christmas’ teach us about inflation? There are plenty more festive questions to be answered plus you get our guide to the top gifts to satisfy the budding economist in your household. Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support (and jingle bells) from Nic. Music comes from Jukedeck and you can create your own at jukedeck.com. Have a merry Christmas everyone!!!

01:11:16

December 02, 2019

Season 2 Episode 3 - Sir Arthur Lewis

Sir Arthur Lewis was a pioneer. The first black man to win the Economics Nobel Prize, the first black man to be a professor of any university and in any field in the UK and the economist largely seen as the first major thinker in the field of development economics.  His  "two sector" model is taught across the world  -  but who was the man behind the model and why does he have a building and a mascot named after him at the University of Manchester? What is his (spurious) link with Mancunian musical legends MC Tunes and A Guy Called Gerald. Guiding you through these questions and many more (as always) are Pete and Gav, your friendly neighbourhood economists. Technical support comes from Nic and the music from Jukedeck - you can create your own at jukedeck.com.

01:05:58

November 18, 2019

Season 2 Episode 2 - Elinor Ostrom

Traditionally economics has been a man’s world reflected in the fact that out of 84 Nobel Prize winners in Economics, only 2 (until last week only 1!) have been women. This dominance is starting to be challenged and people are increasingly valuing greater diversity of economic thought and economic thinkers. But who was the first woman to win the Nobel Prize for Economics and why did she keep on saying that 'there is no panacea'? Listen to this second episode of season 2 to learn more about Elinor Ostrom and how she challenged the idea of the ‘tragedy of the commons’. You’ll also discover that in this world of complexity, her methodology has enormous potential in solving practical problems. You'll also learn about a determined woman of great character who would not be "put in her place"!  Guiding you through as always are Pete and Gav, your friendly neighbourhood economists with technical support from Nic. Music comes from Jukedeck and you can create your own at jukedeck.com.

01:16:56

October 20, 2019

Season 2 Episode 1 - Thorstein Veblen

Want to know why Cardi B has five super cars but can't drive? Economics has the answer! Or more specifically Thorstein Veblen does.  Who is this man and why is he still so relevant today? From Russian oligarchs to Saudi Princes, to Premiership footballers and even that work colleague who keeps rolling up their sleeve in the hope that you'll comment on their new Rolex... Listen to the first episode of our second season to learn more about the man who coined the phrase 'conspicuous consumption'.  As always you will be in the company of Pete and Gav, your friendly neighbourhood economists. With technical support from the wonderful Nic and music from Jukedeck - create your own at jukedeck.com.

01:25:22

September 22, 2019

“The more that you read, the more things you will know. The more that you learn, the more places you’ll go.” – Dr. Seuss  If you want to be a great student of economics or just be well-informed about the world, then reading widely is without question the magic ingredient.  We at EconomicsInTen are great believers in the power of reading.  Therefore in this Summer Reading special, your friendly neighbourhood economists Pete and Gav answer one simple question 10 times. What book would they recommend and why? All the books are linked to economics in some way and if you read them all, you will become a better economist and who knows, perhaps a better human being too! So while away those long summer days catching up with our podcast and reading these beauties.   As always, this podcast comes with technical support from the great Nic and comes with music from Jukedeck – create your own at jukedeck.com.

42:41

June 10, 2019

Season 1 Episode 5 - Karl Marx

Interested in Karl Marx? Want to know what Marxism might be? Ever wondered what the impact of 'The Communist Manifesto' and 'Das Kapital' have been on the world? And have you ever considered that Dolly Parton may have been a closet Marxist? Then listen to this episode and find out more about the man who was far more influential after death than in his own lifetime and still provokes strong feelings. Along the way you'll also find out about "the most beautiful girl in Trier", his best mate Engels and how, according to Pete and Gav, your friendly neighbourhood economists, they were the original Justice League! As always with technical support from Nic and music from Jukedeck - create your own at Jukedeck.com.  This is the last in our first series (barring another sneaky special) so please do send us any feedback and ideas for future episodes to economicsinten@gmail.com Thank you for your company over our first series - we will back with some other great economists later in the year.

01:42:03

May 13, 2019

This week we are once again moving away from our coverage of economic titans and sharing with you another of our topical "specials".  So...   Climate change…it’s a hot topic but what light if any can conventional economics shed on it? In this environmental special, your friendly neighbourhood economists Pete and Gav look at various different theories that try to address how economics can solve the existential problem of environmental destruction! So if you want to know what steady-state economics is or have wondered what the ‘tragedy of the commons’ means, then have a listen. And who knows, by the end, you might have more inclination to become vegan (or at least cut down on your meat consumption). vowed to use public transport more and be itching to find out what your carbon footprint is. As always with technical support from Nic and music from Jukedeck - create your own at Jukedeck.com.

01:20:59

April 30, 2019

Season 1 Episode 4 - David Ricardo

Globalisation…it’s a hot topic in economics but why do so many economists emphasise the importance of trade? Many would argue that this began with David Ricardo and his Theory of Comparative Advantage, leading to the interdependence between countries that we see today. Who was Ricardo and how did he develop his ideas?  What would he have made of today's global economy? And what is his very tenuous connection to fish and chips? Listen to this episode to find out more about this famous economist and his impact on the world today, whilst being entertained and informed by Pete and Gav throughout. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com

01:31:44

April 14, 2019

Season 1 Episode 3 - Friedrich Hayek

Want to know who Friedrich Hayek was?  Batman had the Joker. Holmes had Moriarty. Emu had Grotbags. And in the world of Economics, Keynes had Hayek. But who was this man? How did he contribute to the world of economics?  And how did he arguably become the most important economist of the 20th Century?  Listen to this episode to find out more and decide which side of the debate you are on. Hopefully Pete and Gav will keep you entertained and informed throughout, whilst you make up your mind. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com.

01:32:31

March 18, 2019

This week we are departing temporarily from our coverage of great economists for the first of our "Economics in Ten Specials" with a look at the growing field of Happiness Economics.  Are you a student and worried that you won’t be able to buy a house before you retire? Are you unhappy because you are not losing weight fast enough? Want to know what music to put on to make you happier? In this special episode of the Economics in Ten podcast, Pete and Gav, your friendly neighbourhood economists, take you on a journey through economics and show you how the ‘dismal science’ can improve your happiness, boost your well-being and definitely save you from boredom. With technical support from Nic and music from Jukedeck – create your own at jukedeck.com.

01:02:42

March 04, 2019

Season 1 Episode 2 - John Maynard Keynes

Want to know who John Maynard Keynes was? How he contributed to the world of economics? And more importantly what was he chowing down on at his secret society? Listen to this episode to learn more. Keynes once said ‘in the long run we are all dead’ and after this extended episode you might have sympathy with his thoughts but hopefully Pete and Gav will keep you entertained and informed throughout. Technical support comes from Nic and music from Jukedeck – create your own at jukedeck.com

01:37:02

February 17, 2019

Season 1 Episode 1 - Adam Smith

Want to know who Adam Smith was? How he contributed to the world of economics? And, more importantly, what would his walk on music be if he was a professional boxer?  Listen to this episode to learn more about the father of modern economics (or, as the kids might say, the original G) from Pete and Gav, your friendly neighbourhood economists. With technical support from Nic and music from Jukedeck - create your own at jukedeck.com

01:08:33

January 20, 2019

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Have you ever wanted to know about inequality but didn’t know where to start? In this latest special by Pete and Gav, your friendly neighbourhood economists, you will be guided through the economics of inequality. Along the way you will come across stocks and flows, a curve that looks like an elepha…

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5th most popular A-Level

47,000 people studying at A-Level

One of the fastest growing subjects

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Studied Economics at the University of Wisconsin

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Ivanka Trump (Daughter of former US President Donald Trump/businesswoman)

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Ivanka Trump (Daughter of former US President Donald Trump/businesswoman)

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Economics degree

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College major in Economics

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Studied Economics at the University of Portland

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Warren Buffett (Entrepreneur - Coca Cola, Heinz, American Express, Duracell, major owner in Apple and 65 other brands)

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Warren Buffett (Entrepreneur - Coca Cola, Heinz, American Express, Duracell, major owner in Apple and 65 other brands)

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Masters in Economics

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Economics degree

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Mick Jagger (Singer - The Rolling Stones)

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Mick Jagger (Singer - The Rolling Stones)

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Studied at the London School of Economics

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Arsène Wenger (Football Manager at Arsenal, now football pundit)

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Arsène Wenger (Football Manager at Arsenal, now football pundit)

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Masters in Economics

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Economics degree

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Japan have a shortage of workers, due to the falling birth rate...why is their solution to limit the number of hours that people work?

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Japan have a shortage of workers, due to the falling birth rate...why is their solution to limit the number of hours that people work?

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There is a trade-off between economic growth and living standards

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There is a trade-off between economic growth and living standards

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Why do women pay more for products in 30 out of 35 categories?

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Why do women pay more for products in 30 out of 35 categories?

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Informally known as the 'pink tax'

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If it's £60 to fill a UK car, why is is 80p in Venezuela?

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If it's £60 to fill a UK car, why is is 80p in Venezuela?

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A fossil...

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To help you get introduced to the key terms used in macroeconomics there are some useful definitions in this document. Maybe you could make a quiz to test yourself on some of these? Or make a set of flash cards to help you learn these words and their definitions?

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Being able to link current affairs to the subject is essential in Economics. Go to this link and watch each video, then make notes and answer the questions to look at micro- and macro-economic effects of coronavirus

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Economics of the Crisis - Micro and Macro Aspects [Head Start in A-Level Economics] | Economics | tutor2u

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This is the first of six online lessons for Year 11 students covering aspects of the economics of the coronavirus pandemic and global economic crisis.

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Can you get in the top 1% for any trends?

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All Quizzes timeline RANDOM 4NEW PLAY videogame_asset MEDIA ADDICTIONS PLAY directions_car ON THE ROAD PLAY work AMERICAN JOBS PLAY library_books IDEOLOGIES PLAY...

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Planning on studying economics next year? Then here’s a handy starting-off exercise. Read through the information and watch the clips in this link. Take some notes or make a mind map as you go. At the end, turn over your notes and quiz yourself on what you can remember

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This opening session in Head Start in A-Level Economics provides budding Economics students with an introduction to some key concepts in Macroeconomics.

What is the Difference between Micro and Macroeconomics?

What is the difference between micro and macroeconomics? This short video explains the difference for all students just about to begin their studies of Economics

Microeconomics considers the economics of everyday life, the decisions that we as households take and the impact of businesses in different and often related industries.

Macroeconomics is the study of the economy as a whole and it also analyses the global (international) economic system.

Measuring Economic Activity - Gross Domestic Product

In this second introductory video, we introduce a key concept - gross domestic product - a measure of economic activity.

Gross domestic product measures the monetary value of a country's output of goods and services

GDP remains an important indicator for many including the financial markets

GDP as a concept that dates from the second world war and the Great Depression when politicians wanted to have a measure that set out what was happening to the economy as a whole

Try an Activity!

Can you get five in a row? You will be given five countries and have to decide whether their per capita national income is higher or lower than the preceding country! Good luck!

The Changing World Economy

In this video we build on our initial introduction to GDP (gross domestic product) to look at the largest economies in the world. We rank which countries are the richest and poorest in the world using GDP per capita as a guide. Finally we also explore how the balance of world national output is changing.

Try an Activity!

Do you have a decent general knowledge about the world economy? Try this tug of war activity on unemployment rates in different countries!

Over to you - to find out more!

If you want to find out more about the latest figures for the UK economy, then head to the UK Parliament Research page which always gives up to date figures explained in a clear way. This link takes you to their main page for the UK economy.

We also recommend the superb Deloitte Monday Briefing as an easy way of keeping up to date with macroeconomics. It is written in a non-technical way that is accessible for ambitious Year 11 students moving on to start their A level economics. Follow this link to access the Monday Briefing.

There is a lot of debate about the value of GDP as a measure of economic activity especially in a digital age.

I'm linking here to two short TED videos on GDP which I hope you will find entertaining and interesting. They are given by Professor Diane Coyle (Cambridge) and David Pilling who is a journalist for the Financial Times.

Our next lesson looks at an introduction to Globalisation (another big macroeconomic issue)

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Introduction to Macroeconomics [Head Start in A-Level Economics) | Economics | tutor2u

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This opening session in Head Start in A-Level Economics provides budding Economics students with an introduction to some key concepts in Macroeconomics. What is the difference between micro and macroeconomics?

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The Bottom Line - The Price of Bread

The 'crust' of living: Evan Davis looks at the spiralling costs of baking bread. On top of rising energy bills the industry is having to meet huge increases in the price of wheat.

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The 'crust' of living: Evan Davis looks at the spiralling costs of baking bread. On top of rising energy bills the industry is having to meet huge increases in the price of wheat.

The 'crust' of living: Evan Davis looks at the spiralling costs of baking a loaf of bread. On top of rising energy bills the industry is having to keep up with huge increases in the price of wheat. In this episode a farmer, a miller and a baker explain how they're trying to make ends meet.

Guests:
Sarah Bell, Wheat Farmer and Grain Consultant.
Julius Deane, Wheat Director at Carrs Flour Mills Ltd
Mike Roberts, Deputy Chairman of Roberts Bakery

Producer: Nick Holland
Sound: Rod Farquhar
Production Coordinators: Sophie Hill and Siobhan Reed
Editor: Hugh Levinson

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BBC Radio 4 - The Bottom Line, The price of bread

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The 'crust' of living: Evan Davis looks at the spiralling costs of baking bread. On top of rising energy bills the industry is having to meet huge increases in the price of wheat. The 'crust' of living: Evan Davis looks at the spiralling costs of baking a loaf of bread.

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OK, so, strictly speaking it isn't really 'reading', but this introduction to Economics by Ha-Joon Chang is absolutely superb. Watch, enjoy, and take some notes!

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Sound crazy? It’s not as crazy as you may think. Here’s a story of how this happened in Zimbabwe.

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Zimbabwe and Hyperinflation: Who Wants to Be a Trillionaire?

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A short film on how the economy first started...

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MORGAN SPURLOCK is a documentary filmmaker, television producer, screenwriter and activist best known for his documentaries "Super Size Me" (2004), "Where in the World is Osama Bin Laden?" (2008), "The Greatest Movie Ever Sold" (2011) and "One Direction: This Is Us" (2013). Spurlock executive produced and starred in the reality TV series, "30 Days." As of 2013, he hosts and produces CNN's "Inside Man" and is the co-founder of the short-film content marketing studio, Cinelan.

Director's Note
CAVE-O-NOMICS
"When I first began my email exchange with business & financial historian John Steele Gordon about the markets and how I'd make a film encompassing what they represent, my idea was to make a straight documentary detailing its history and speaking to some key players and influencers. He responded saying he'd always had this idea that markets first began when two cavemen, one who was better at making spears and the other who was a better hunter, exchanged goods with one another. I loved this, both visually and thematically. It was a fun and different way to dive into a complex story and to make it accessible. The fact that I got John, Adam Davidson & Annalyn Kurtz to actually be cavemen in the piece made it even better!

What I really love about this film, and the entire WE THE ECONOMY series, is how differently it deals with a topic that would normally be very dry and straightforward. My hope is that with WE THE ECONOMY, we are able to engage a wide range of people in these important topics."
THE EBOLA ECONOMY
It's hard for us to imagine or understand how events halfway around the world have impact our lives, whether it be war, disasters, or even disease. If it's not in our backyard or doesn't effect our lives on a daily basis, why should we be concerned?

That's the goal of The Ebola Economy. I wanted to start to connect the dots for all of us so we can begin to see beyond the fear mongering that dominates the news coverage to truly put things in perspective.

With the help of the brilliant economic writers Adam Davidson & Jen Banbury, the film shows how interconnected the global trade market and our lives truly are. One cannot survive without the other, and when one is greatly impacted, the other suffers equally.

Now that doesn't mean you should start hoarding duct tape or clorox, but it does reinforce how we as a global population have the ability to change these situations for the better. Hopefully, with a little knowledge, education, insight and investment, we will.

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MORGAN SPURLOCK is a documentary filmmaker, television producer, screenwriter and activist best known for his documentaries "Super Size Me" (2004), "Where in the World is Osama Bin Laden?" (2008), "The Greatest Movie Ever Sold" (2011) and "One Direction: This Is Us" (2013). Spurlock executive produced and starred in the reality TV series, "30 Days."

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The report shows there is a huge difference in likely earnings depending on the subject studied.

Average female graduate earnings are the highest in medicine and economics!

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Women studying maths at Oxford and men taking economics at Bristol get the biggest increase in earnings from going to university, says an analysis of salaries at the age of 29.

The study, from the Department for Education and Institute for Fiscal Studies, says women are much more likely to gain from getting a degree.

Women with a degree earn on average 28% more than non-graduate women.

Men with degrees earn an average of 8% more than non-graduates.

But a third of men go to universities which give them only a "negligible" pay advantage, despite the cost of fees.

The lowest for earnings for men is studying philosophy at Sussex - and for women it is computing at Westminster.

The report, based on tax records of people who went to school in England and then went to university in England, Wales or Scotland, looks at how going to university might affect earnings.

Setting aside any social benefits, it's asking if it's worth the cash, when graduates are leaving with an average of £50,000 of debt.

A woman with a degree on average earns £6,700 more per year than a non-graduate woman - with women improving their earnings for almost every course at every university.

But the difference is much narrower for men, with a male graduate on average earning £2,700 more than a non-graduate.

There are tougher questions for the one-third of men who go to universities which give "negligible or negative impact" on earnings compared with those without a degree.

Are they getting value for money?

The report says getting a degree is clearly an "excellent investment" for women, because their earnings are so much higher than non-graduate women.

Much of this is because women without degrees are particularly likely to be low earners - and so the gap between them and graduates is likely to be wider.

This could be because women without degrees are likely to be in particularly low-paid jobs.

But another factor is that non-graduate women in their 20s are twice as likely to be working part-time as women with degrees.

This could be because women who do not go to university tend to have children earlier than graduate women.

So the big gains for women described in the report could include comparisons between full-time graduate earnings and those non-graduates working part-time.

Does the subject choice matter?

The report shows there is a huge difference in likely earnings depending on the subject studied.

At the top end of the pay scale are medicine, economics, maths, business and law.

Women studying medicine can expect to earn 78% more than non-graduate women.

At the lower end are subjects such as creative arts, philosophy and English.

Men taking these subjects are likely to get "negative" returns - as on average they will earn less than their male counterparts who did not go to university.

For men taking creative arts, they can expect 14% less than non-graduates.

There are significant earnings premiums for those at the top of the table - with women getting the best returns from four London universities - the LSE, Imperial, King's College London and the School of Oriental and African Studies - and Oxford.

Bristol and Cambridge are added to the list of high earners for male students.

At the bottom, for male graduates, are modern universities, such as Bath Spa, or colleges which also deliver further education, such as Leeds City.

Almost all women are at universities which will boost their pay - although Bolton is an exception and is ranked lowest.

It might not seem that surprising that modern universities do less well in future earnings.

It might also be predictable that arts-based institutions get lower earnings, such as Ravensbourne, Goldsmiths and the University of the Arts.

But there might be scrutiny of the scale of universities where there are negative outcomes - 26 institutions where male earnings are on average less than non-graduates and 39 where the returns are less than 2%.

Essex, Hull, Leicester, Sussex, Keele and Bradford all have an earnings premium below 10% for male students.

If you put together the subject and university choice you can see the extremes of high and low-earning courses.

For women, maths at Oxford is the highest, followed by economics at the LSE. Economics at University College London gives a big return, as does medicine at Imperial.

In fact, the highest earners are a narrow combination of maths, law, medicine, physics and economics taken at a handful of top universities.

It's very similar for male graduates, headed by economics at Bristol and physics at Oxford.

For women, the lowest paying is computing at Westminster. Psychology at Bolton is in the bottom five.

But showing how much the course can drive the outcome, creative arts at Cambridge is among the least likely to deliver high earnings.

For men, philosophy at Sussex is ranked as offering the lowest rate of return - and studying languages at Oxford is also in the bottom five for male earnings.

What difference does it make?

The Universities Minister Sam Gyimah says that more transparency is vital to make sure that young people make informed choices about university places.

This will help them to think about getting value for money from their degree.

He also wants this to "shine a light" on courses that seem to deliver such a low rate of return.

But in the background, the big political context is a review considering the future of tuition fees in England.

This latest report could raise some very awkward questions.

Is it reasonable to charge students £9,500 regardless of course or university when there are such different outcomes in earnings?

And is it sustainable to have such a high level of fee and debt, when for so many, particularly men, the returns can be marginal or non-existent?

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Women studying maths at Oxford and men taking economics at Bristol get the biggest increase in earnings from going to university, says an analysis of salaries at the age of 29. The study, from the Department for Education and Institute for Fiscal Studies, says women are much more likely to gain from getting a degree.

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Economics is a mixing pot – with a large helping of business, a dash of geography, a sprinkle of history, finished off with sides of maths and politics.

Economics is about choices governments, businesses and people face, and the impact of these choices.

A small selection of topics taught are included in the image above.

Mr Leek's personal favourites are learning about China, ethical issues, poverty and inequality, the role of the central bank, controlling multinationals, elasticity of demand, hyperinflation and globalisation.

You don’t need to have studied Economics before – you will be introduced to all the core content. It is fresh and brand new for most students.

You might progress to a career in banking, commerce, actuary, research, international trade specialist, political risk analyst, financial analysis, investment advise, journalism, project management or general management. (It sounds quite cool to say you work as an economist!)

Typical employers in the field are banks, consultancies, insurance firms, accountants, the Government, news outlets, large multinational companies, publishers and Universities.

You are assessed through 3 exams at the end of year 13

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Basic Economics - A Common Sense Guide to the Economy

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Basic Economics - A Common Sense Guide to the Economy

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The full book is attached for you to read.

Be critical - in Economics it's OK to disagree with what's published.

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So, what is economics? Good question. It's not necessarily about money, or stock markets, or trade. It's about people and choices. What, you may ask, does that mean. We'll show you. Let's get started!

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Intro to Economics: Crash Course Econ #1

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When the Simpsons debuted on our TVs in 1989, it was a picture-perfect, middle-class family. Homer Simpson had a union job with great benefits despite not having a college degree, the family owned two cars, and they lived in a spacious, two-story home. 30 years later, though, things have changed...the Simpson's lifestyle was no longer attainable in today's world. Bart will never be able to live like his father, but what are the economic factors behind this?

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subscribe to Planet Money podcast

subscribe to Planet Money podcast

When the Simpsons debuted on our TVs in 1989, it was a picture-perfect, middle-class family. Homer Simpson had a union job with great benefits despite not having a college degree, the family owned two cars, and they lived in a spacious, two-story home. (Albeit, next to an annoying neighbor.)

30 years later, though, things have changed. Last year, The Indicator followed up on an article in The Atlantic that posited that the Simpson's lifestyle was no longer attainable in today's world. Writers on The Simpsons listened and recently they followed up with an episode of their own!

Today on the show, Simpsons writer Tim Long and executive producer Al Jean explain why Bart Simpson will likely never live like his father, Homer. It's the American Dream by the numbers.
Want economics stories from the comfort of home? Subscribe to Planet Money's weekly newsletter.

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Homer Simpson vs. The Economy : Planet Money

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When the beloved Simpsons family made its TV debut in 1989, it squarely represented middle-class America. Today ... not so much. That house, those two cars, those three kids all on one salary doesn't seem so believable anymore. Today we examine the changing reality of what middle-class means in America through the Simpsons.

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Welcome to the TSFA A Level Economics (B) transition site. If you’re considering studying Economics, you’ll find some interesting articles, podcasts, videos and activities to get you started.

There is a whole host of apprenticeships, degrees and exciting careers in the economics field, ranging from a data analyst to a journalist.

Use the resources here to ignite an interest in these careers and begin researching the options before you.

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Find clues and guess where you are in the world.

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GeoGuessr is a geography game which takes you on a journey around the world and challenges your ability to recognize your surroundings.

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Tel:

01422 240 033

Email: contactus@sixth.trinitymat.org

Subject email: dleek@sixth.trinitymat.org

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Ofsted, 2021

Leaders and governors foster a culture of exceptionally high expectations for students' academic success

Ofsted, 2021

Students enjoy their lessons, which are taught by skilled, enthusiastic and knowledgeable teachers

You're treated as an individual... Everything is geared towards getting you ready for life and the staff really help prepare you for your exams

Ofsted, 2021

Leaders and staff create an exceptionally safe and welcoming culture

Ofsted, 2021

Students participate in an extensive range of activities and projects that develop their confidence and broaden their interests

Ofsted, 2021

There exists an ambitious curriculum that equips students exceptionally well with the knowledge and skills that they need to progress

Ofsted, 2021

Students thrive in the academy's calm and harmonious environment

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Trinity Sixth Form Academy - Outstanding Sixth Form in Halifax

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Ofsted, 2021 Leaders and governors foster a culture of exceptionally high expectations for students' academic success Ofsted, 2021 Students enjoy their lessons, which are taught by skilled, enthusiastic and knowledgeable teachers You're treated as an individual...

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“I studied economics... I still study economics, I’m still trying to figure out economics.”