60-Second Adventures in Economics - for iPod/iPhone podcast

Transcript -- The Phillips Curve

8/29/2012

60-Second Adventures in Economics - for iPod/iPhone

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Transcript -- Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.

More episodes from "60-Second Adventures in Economics - for iPod/iPhone"

The Invisible Hand
8/29/2012
1:22
Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
Transcript -- The Invisible Hand
8/29/2012
Transcript -- Economist, Adam Smith, used the term The Invisible Hand to describe the self-regulating nature of the market place - a core concept for so-called free-marketeers.
Don't miss an episode of “60-Second Adventures in Economics - for iPod/iPhone” and subscribe to it in the GetPodcast app.
The Paradox of Thrift
8/29/2012
1:22
The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
Transcript -- The Paradox of Thrift
8/29/2012
Transcript -- The Paradox of Thrift suggests that while it may be wise for an individual to save money when income is low and job prospects are precarious, it could be collectively disastrous if everyone is thrifty together.
The Phillips Curve
8/29/2012
1:22
Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
Transcript -- The Phillips Curve
8/29/2012
Transcript -- Bill Phillips' curve has historically been described as an inverse relationship between the rate of unemployment and the rate of wage (and therefore price) inflation - but since his analysis became popular the relationship has changed.
The Principle of Comparative Advantage
8/29/2012
1:22
David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
Transcript -- The Principle of Comparative Advantage
8/29/2012
Transcript -- David Ricardo's famous economic model, predicts that if there are just two countries and two products both can be better off if they specialise and trade in the thing they’re relatively best at.
The Impossible Trinity
8/29/2012
1:21
The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.
Transcript -- The Impossible Trinity
8/29/2012
Transcript -- The Impossible Trinity or 'trilemma' suggests that it is impossible for a country to maintain a fixed exchange rate, free capital movement and an independent monetary policy at one and the same time.

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Transcript -- The Phillips Curve

60-Second Adventures in Economics - for iPod/iPhone

More episodes from "60-Second Adventures in Economics - for iPod/iPhone"

The Invisible Hand

Transcript -- The Invisible Hand

The Paradox of Thrift

Transcript -- The Paradox of Thrift

The Phillips Curve

Transcript -- The Phillips Curve

The Principle of Comparative Advantage

Transcript -- The Principle of Comparative Advantage

The Impossible Trinity

Transcript -- The Impossible Trinity