Go Shopping with an Economist!
Update: 2021-03-15
Description
Have you ever wondered how economic concepts might relate to shopping? How the choices we make might be powered by subconscious economic thinking? This week, the Education Team discusses how simple economics ties to our shopping habits and everyday decision-making!
- Shopping and diminishing marginal returns (1:06 ).
- The opportunity costs of our shopping choices (2:55 ).
- Rational decisions: research by McKinsey (4:04 ).
- COVID consumer trends (5:36 ).
- Asymmetric information in markets (6:23 ).
- Consumption and investment expenditure (7:33 ).
Sources:
JP Morgan: COVID Consumer Trends
McKinsey: Behavioural Economics
Transcription: Coming Soon!
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