The 2020 Nobel Prize in Economics

The 2020 Nobel Prize in Economics

In and amongst all of the happenings in the world this year these awards have kind of flown under the radar which is unfortunate because they all recognized some very remarkable works. And in the field of economics, it all had to do with auctions. Auctions and Auction Theory are one of the most important systems to understand in economics because they act as an efficient way to build markets and correctly determine how we value items. In this episode of Economics Explained, we will explore the following questions: What should the average person or aspiring economist know about Auction Theory? What did the winners of this year's Nobel prize contribute to this theory? And how can this be utilized to build better and more efficient economies? Learn more about your ad choices. Visit megaphone.fm/adchoices

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Episoder(304)

Does Taiwan Have Dutch Disease?

Does Taiwan Have Dutch Disease?

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23 Sep 18min

Why Are Countries Abandoning OPEC?

Why Are Countries Abandoning OPEC?

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21 Sep 14min

Uruguay Has No Resources, But They're Rich

Uruguay Has No Resources, But They're Rich

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16 Sep 22min

The Iran War Looks Very Different from Europe

The Iran War Looks Very Different from Europe

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14 Sep 19min

Did Pensions Destroy France?

Did Pensions Destroy France?

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9 Sep 24min

What Is The Net Worth Of The World

What Is The Net Worth Of The World

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2 Sep 30min

Iran's Economy Was Collapsing … And Then The War Started

Iran's Economy Was Collapsing … And Then The War Started

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31 Aug 16min

Where Has Venezuela's Oil Gone?

Where Has Venezuela's Oil Gone?

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26 Aug 16min

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