SUMMER SCHOOL 1: Choices & Dating

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 8 July 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

First lesson: Economics is not about money. It's a lens of great power and beauty. In this episode, we meet our teachers and learn the first four fundamental concepts of economic thinking, and watch them applied to things like dating and hailing a cab. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	Hello and welcome to Planet Moneys Summer School.
0:11.2	The economics education you always dreamed of, but never quite got around to.
0:16.2	This is class number one, decisions and dating.
0:22.4	I know, I know.
0:23.4	You thought you'd have the whole summer off, riding bikes, going to the beach, stirring
0:27.2	at the clouds and doing nothing.
0:28.8	Well, the good news is you can still do that while simultaneously exploring the world
0:33.9	of economics.
0:34.9	I'm Robert Smith.
0:35.9	Every Wednesday till Labor Day, we are going to meet here in your ears to learn the
0:41.2	essential principles of Econ 101.
0:44.6	Each lesson will feature stories from some of our favorite Planet Moneys episodes, and yes,
0:49.0	it is going to be on the test.
0:50.7	At the end of the series, if you can pass our online final exam, you'll be eligible for
0:55.1	a Planet Moneys Diploma.
0:57.2	Not a real diploma.
0:58.5	It's suitable for framing.
0:59.5	Today on the show, how to think like an economist.
1:04.6	This has been the greatest thing that I've picked up, posting Planet Moneys over the years.
1:08.4	Every problem, every decision you face can benefit from stepping back and looking at
1:13.4	it like an economist would.
1:15.4	In order to help us with this superpower, we've brought in two economists in residence this
	...

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