Justin, Lanny and Greg discuss weekly about economics and how it applies to the real world. From news to personal anecdotes, this podcast aims to make economic knowledge more accessible and to go beyond the basic concepts learned in microeconomics classes. Cover made by @maxencelanglois.
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We are back! Our initial format ended in 2020 with our (iconic?) episode about moral hazard. But the new curfew announced by Quebec government made us feel obligated to take back our mics and to give our opinions on it! Thus, Everyday Economics is now back for a few episodes where we will continue to relate economic concepts and strategies to news …
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Episode 12: Moral hazard, Vancouver, and the Texas’ question
1:17:40
1:17:40
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1:17:40
In this episode, we first discuss about Vancouver’s economic strategy to decrease congestion in the city. We also talk about the reason of the current PS5 and Xbox Series X shortages and its implications (which was also the occasion for Lanny to talk about secondary market!). For the main microeconomic topic of the day, we will talk about moral haz…
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Episode 11: Adverse selection, Google, and canceling student loans
1:07:16
1:07:16
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1:07:16
In this episode, we first discuss about the idea of canceling existing student loans in the US, a topic which have been pretty controversial lately. We also discuss about Verily, Google’s health care company, and its ethical implications regarding data. For the main microeconomic topic of the day, we will talk about adverse selection through differ…
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Episode 10: Oligopoly, Pfizer, and cryptocurrencies
1:07:02
1:07:02
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1:07:02
In this episode, we first discuss about strategic interactions happening between the government and its population in order to control the covid transmission. Then we talk about the news of the week (if it’s not the news of the decade), the announcement of a vaccine by Pfizer and its implication on markets. For the main microeconomic topic of the d…
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Episode 9: Game Theory, NHL, and the crunching issue
57:31
57:31
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57:31
In this episode, we go back to the basics this podcast because Lanny will talk about what’s going on in the NHL from an economist point of view and Justin will talk about the concept of crunching in the video game industry. For the main microeconomic topic of the day, we will discuss about game theory, or in other words about strategic interactions…
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Episode 8: Risk, IKEA, and the value of diploma
1:09:13
1:09:13
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1:09:13
In this episode, we discuss about IKEA’s new initiative with second handed furnitures and if it should be considered as green washing or not. For the main microeconomic topic of the day, we will talk about risk and uncertainty through different anecdotes of our everyday life. In the end, we will react about a an article published in La Presse in Oc…
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Episode 7: Price discrimination, Airbnb, and the plane ticket argument
1:04:37
1:04:37
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1:04:37
In this episode, we discuss about how both Airbnb and the covid crisis are impacting housing in big cities recently. Also, back in march 2020, you may remember a boom in plane’s tickets prices; Lanny and Justin discuss about if it should be considered under the demand or the price discrimination scope. During the main microeconomic topic of the day…
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Episode 6: Market power, China’s elevators, and egg freezing
59:34
59:34
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59:34
In this episode, we discuss about why China is planning to build 3 millions of elevators in its country, how it could be a relief for its economy after the Covid crisis, and some consequence of its previous natality policies. We also discuss how companies can influence natality policies by talking about theses companies which are now covering the c…
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Episode 5: Perfect competition, Uber, and the Climate Clock
59:26
59:26
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59:26
In this episode, we discuss about the Climate Clock which appeared in Manhattan last week and why it can be counter-productive in order to fight climate change. We also discuss about the recent letter sent by many economists asking Justin Trudeau to reevaluate the Trans-Mountain pipelines project. After that we debate about the gig-economy and what…
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Episode 4: Profit maximisation, PS5, and Bullshit Jobs
58:22
58:22
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58:22
In this episode, we discuss about why Sony chooses to offer two different models (and thus two different prices) for their new game console: the PS5! The main microeconomic topic of the day is: profit maximisation; we see a profit maximisation example through the OPEC, we also discuss about the concept of Bullshit Jobs (from an essay written by Dav…
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Episode 3: Costs, LVMH, and the price of human lives
44:09
44:09
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44:09
In this episode, we discuss about how the merger between LVMH and Tiffany’s could have been historical for the luxury market and what are the consequences of LVMH backing out of the deal. Also, Lanny explains the outcomes of the increase of food prices going on right now. The main microeconomic topic of this week is: cost, the occasion for Lanny to…
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Episode 2: Demand, YouTube, and the Tour de France
42:18
42:18
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42:18
In this episode, Lanny talks about how the Tour de France (not hockey this time!) changes its distribution in Canada and more generally the new way TV and streaming video companies now distribute their contents. Greg explains what changed in Youtube’s policies about content’s monetization and how it impacts creativity overall. And, the main microec…
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Episode 1: Valuation, Fortnite, and the USPS
36:26
36:26
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36:26
In this (very first) episode, Justin describes the conflict between Fortnite’s developers and Apple (and may give a controversial opinion!). Greg makes a recap about the whole story going on with Donald Trump and the USPS. And, the main microeconomic topic of this week is: valuation; we will see how people’s personal valuations may differ through d…
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Why are we doing this podcast? Who should listen to it? What should you expect from it? And the last question but not the least, who are the people behind your (new) favorite podcast?
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