The 25 Best Economics Podcasts Of 2018

We’ve made lists of the best 25 Economics Podcasts of both 2016 and 2017. Now it’s time to bring the list up to date and continue to help you find the best new podcasts in the field of economics. You’ll find an updated discussion of old favorites, plus several new options that have received critical acclaim in addition to high praise from readers.…
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Foreign Aid

Foreign aid is defined as the voluntary transfer of resources from one country to another country. This transfer includes any flow of capital to developing countries. A developing country usually does not have a robust industrial base and is characterized by a low Human Development Index (HDI).Foreign aid can be in the form of a loan or a…
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Time Inconsistency

The concept of time inconsistency can help us understand why some people procrastinate at work until the last minute, why we often buy gym memberships and don’t end up going, and much more. Time-inconsistent decision-makers are commonly described as having ‘different selves’ at certain points in time that make inconsistent choices with each other.…
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Demand

Demand is defined as the amount of good or service a consumer is willing and able to buy per period of time. It is essential to understand the term "willing and able." Many people want to buy products that they cannot afford at prices they cannot pay. However, because they are not able to purchase the product, we cannot include them in the…
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Quotas

A quota, which is a type of trade barrier, is a restriction on the quantity that can be imported into a country. Quotas and Tariffs are effectively the same except that governments collect revenue from tariffs while exporting firms can collect extra revenue from quotas (as seen below in box 3). A quota increases the firm's export revenues.…
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Marginal Revenue

Marginal Revenue (MR) is the increase in the Total Revenue (TR) that is gained when the firm sells one additional (marginal) unit of that product. In other words, MR is the revenue obtained from the last unit sold.Marginal Revenue can remain uniform at a particular level of output. However, the MR will eventually slow down as the production…
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