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Think Like An Economist

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Latest episodes

  • Introducing: Think Like An Economist

    October 1, 2026 · 2 min

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  • Why Should You Think Like an Economist?

    December 14, 2021 · 15 min

    Want to make ‘no regrets decisions’? This podcast will teach you how! Betsey Stevenson and Justin Wolfers are on a mission to equip everyone with key tools from economics that can truly transform your life: from career dilemmas and…

  • Core Principle 1 - The Cost-Benefit Principle - The Pros & Cons

    December 7, 2021 · 18 min

    Making a pros-and-cons list when you’re stuck isn’t a bad piece of advice, it’s actually a staple of Thinking Like An Economist. Betsey Stevenson and Justin Wolfers walk us through thinking about the costs and benefits of every decision…

  • Core Principle 2 - The Opportunity Cost Principle - Or What?

    November 30, 2021 · 18 min

    What would you do instead of taking that dream job? What would you eat for dinner instead of that burger? And how would you spend your lunch hour if not at the gym? Betsey Stevenson and Justin Wolfers get us to think about the next best…

  • Core Principle 3 - The Marginal Principle - Just One More?

    November 23, 2021 · 15 min

    How many hours should you work? How many people should you hire? How many children should you have? Betsey Stevenson and Justin Wolfers teach us how to make decisions about ‘how many’ of pretty much anything and in any c…

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  • Core Principle 4 - The Interdependence Principle - No Decision is an Island

    November 16, 2021 · 12 min

    Buying an extra cup of coffee means less money for a cup of tea. It also means less coffee for the next person, it will change the prices of milk and sugar and effect the countries which make the coffee beans for your cup of joe. Betsey…

  • The Law of Demand - How You Choose to Buy

    November 9, 2021 · 16 min

    Do you need to buy that? Should you buy one more? Economists Betsey Stevenson and Justin Wolfers explain how you as a buyer can stay in control - and how to make the Law of Demand work for you. Co-host: Nastaran Tavakoli-Far. Editor…

  • Supply - Getting the Best Out of What You Sell

    November 2, 2021 · 17 min

    We're all suppliers. But how do we decide how much to sell? Economists and the authors of the 21st century textbook on economics, Betsey Stevenson and Justin Wolfers, steer us through the influences and decisions we face in business or in…

  • Equilibrium - Balance in a Busy World

    October 26, 2021 · 18 min

    Where Supply meets Demand. Markets are everywhere, but what happens when buyers and sellers get down to business? Leading economists Betsey Stevenson and Justin Wolfers reveal how markets find their equilibrium Co-host: Nastaran…

  • Elasticity - What will you do when prices change?

    October 19, 2021 · 18 min

    When prices go up, buyers want less and sellers want more. But how much more? Economists Betsey Stevenson and Justin Wolfers discuss how responsive people are to price changes, and why. Co-host: Nastaran Tavakoli-Far. Editor: Alastair…

  • When Governments Intervene - Taxes, Price & Quantity Regulations

    October 12, 2021 · 18 min

    How does government affect the market? And how can a jar of coins help you understand how taxes affect buyers and sellers. Leading economists Justin Wolfers and Betsey Stevenson have written the economics textbook for the 21st century, and…

  • Economic Surplus - Getting the Most out of Life

    October 5, 2021 · 18 min

    You know the joy of buying something that's worth more to you than what you paid? Or that jolt when you sell something for more than what it is worth to you? Leading economists Betsey Stevenson and Justin Wolfers reveal how to know whether…

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About the show

Think Like an Economist and you'll see the world more clearly, empowering you to make better decisions at work, at home, and in your community. Leading economists Betsey Stevenson and Justin Wolfers will take you on a joyous romp through their field as they introduce you to the big ideas in economics, and show how you can apply them to live in your own life. Their signature approach reveals that every decision is an economic decision and this podcast uncovers the economic forces that shape the world around you. Betsey and Justin believe that economics is a superpower, and they want to teach you to fly.