Podcast created by: Austin Davis, Jordan McCombie, and Patrick Thomann Austin, Patrick, and Jordan discuss the underground economy, emphasizing its vastness and complexity. They explain that it includes activities like unreported tips, off-the-books hires, and street vendors, collectively amounting to trillions of dollars globally. The underground economy can constitute up to 3% of GDP in some countries. During the COVID-19 pandemic, informal work expanded as a survival strategy. The hosts highl...
May 17, 2025•12 min•Ep. 23
Podcast created by: Munkhdelger Myagmar and Drake Pierce This podcast episode explores the underreported impact of the U.S.-China trade war on smaller ASEAN economies such as Vietnam, Myanmar, Indonesia, and others. While the global spotlight remained on the economic titans, ASEAN nations deeply integrated into global value chains navigated both challenges and opportunities stemming from trade diversion, foreign direct investment shifts, and political uncertainty. Drawing on research including c...
May 17, 2025•17 min•Season 9Ep. 5
Podcast created by: Meagan Munroe, Tyler Krompier This podcast explores clean energy and economic resilience, challenging the common misconception that environmental sustainability comes at the cost of economic growth. Hosts Tyler and Meagan examine how renewable energy sources such as wind, solar, geothermal, and hydro-power offer both environmental and financial benefits. The episode discusses the economic challenges of transitioning from fossil fuels, including market failures and investment ...
May 17, 2025•21 min•Season 9Ep. 4
Podcast created by: Munkhdelger Myagmar and Drake Pierce Our podcast dives into the economic and social roots of happiness in Scandinavian countries, exploring what makes nations like Denmark, Finland, Norway, and Sweden consistently rank at the top of global happiness charts. Using research from the World Happiness Reports, academic studies, and policy comparisons, we look at how factors like strong welfare systems, social trust, equitable education, environmental quality, and good governance c...
May 16, 2025•17 min•Ep. 22
Podcast created by Meagan Munroe and Tyler Krompier. This podcast episode, Value Added Voyage, explores the economic policy transformation of the Bahamas, focusing on the country's transition from a tariff and customs-based tax system to a Value Added Tax (VAT) model introduced in 2015. The episode talks about the historical context, policy rationale, and economic impacts of VAT implementation on government revenue, trade, and fiscal stability. Through comparative case studies and data analysis,...
May 16, 2025•26 min•Season 9Ep. 2
Podcast created by: Patrick Thomann, Jordan McCombie, and Austin Davis In this episode, we explore why betting markets often outperform traditional polls in predicting election outcomes. Through historical analysis, real-world examples, and insights into how financial incentives drive better forecasting, we break down how platforms like Polymarket and PredictIt are reshaping political prediction. Tune in as we contrast the fading reliability of polls with the dynamic accuracy of election betting...
May 16, 2025•15 min•Season 9Ep. 1
Podcast created by: Samantha Calinski and Joshua Caban Are you one of the many to receive a gift you were unsatisfied with? The concern with gift giving is the chance of preference mismatch. Thus, there is a possibility that the gift will not match the preferences of the recipient. So, is it better if we just give cold cash? In this podcast, we discover how gift giving could lead to inefficiency. Furthermore, suggestions to reverse this cycle are offered. Gift certificates, guilty pleasure gifts...
May 23, 2024•17 min•Season 8Ep. 10
Podcast created by: Samuel Meltser and Zachary Daigle Today we discussed cryptocurrency, particularly Bitcoin. This podcast discusses how the largest cryptocurrency in the world came to fruition, how the pricing of Bitcoin works, and some of the pros and cons of these coins. This podcast is not meant to be used as financial advice; we simply want to inform you about something we both believe will slowly become more integrated with society. We hope you enjoy our podcast!
May 23, 2024•17 min•Season 8Ep. 9
Podcast created by: Jason Lin and Tyler Bacon There is an observed correlation between educational attainment and household income levels in the United States. When observing the statistics there are certainly advantages that higher income levels have over that of lower income households. This includes access to private education, tutoring services, and access to better public school districts with greater resources that lower income households don’t have access to in many cases. These advantage...
May 23, 2024•22 min•Season 8Ep. 8
Podcast created by: Samuel Kerner, Katherine Bablin, and Matthew Faulkner The human capital theory suggests that acquiring more education and training adds to a person's skill and therefore increases productivity and efficiency. By this logic, those with more education should end up receiving higher salaries, thus there is a return to education. In this podcast we discuss how the rate of returns to education changes with the business cycle, noting the gap in the rate between women and men. Furth...
May 23, 2024•19 min•Season 8Ep. 7
Podcast created by: Jared Jeziorowski and Khadejah Taylor The aim of this podcast is to dissect economic and social disparities affecting minorities. Not just current disparities but also inequalities of the past and how those could impact people's intergenerational mobility for generations to come.
May 23, 2024•24 min•Season 8Ep. 6
Podcast created by: Tyler Bacon and Jason Lin Education inequity is a recurring issue in many countries across the world. When looking at South Africa, Finland, and the United States, there is a significant difference in the county’s allocation of resources to education which includes government funding, education requirements, and technology resources. The largest discrepancies exist between developing and developed nations where in developing countries there is a focus of resources on primary ...
May 23, 2024•21 min•Season 8Ep. 5
Podcast created by: Joshua Caban, Samantha Calinski We discuss the returns to college majors, the reason why there are fewer women in stem, the economics of returns to education and majors, advice on college major choice,
May 23, 2024•17 min•Season 8Ep. 4
Podcast created by: Zach Daigle and Sam Meltser This podcast is about the events that took place leading up to, during, and after the 2008 Financial Crisis. This will include the lead up with the housing crisis, rising interest rates, and warning signs. It will also include during the crisis with bank failures, unemployment growth, GDP decline, and steps to try and mitigate the crisis. Finally, after the crisis we will get into the effects the crisis had on employment, the overall economy, GDP, ...
May 23, 2024•15 min•Season 8Ep. 3
Podcast by: Jared Jeziorowski and Khadejah Taylor This podcast focuses on the causes and consequences of the Great Depression with the focus on monetary policy and international monetary policy.
May 23, 2024•20 min•Season 8Ep. 1
Podcast created by: Samuel Kerner, Katherine Bablin, and Mathew Faulkner The 1970s were characterized by periods of stagflation in which unemployment and inflation both rose. The stem of the issue came from political tensions in Arabia which led to a disruption in the supply of oil for the rest of the world. The resulting energy shocks disrupted the economies of many countries around the globe that imported oil from OPEC nations. It has been investigated time and time again the extent to which t...
May 23, 2024•15 min•Season 8Ep. 2
A podcast that discusses opportunity costs and sunk costs. Podcast by Taylor Moore and Caroline Flynn Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, we'll have discussions about various economic principles and how they apply to our day to day lives. KATE: Are you ready? GABRIELLA: Let's go. [MUSIC] Taylor’s Part of Podcast Hi everyone! This podcast features Caroline a...
Dec 12, 2021•6 min•Ep. 21
A discussion of some of the economic effects of immigration. Podcast by Shanette Lee Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, we'll have discussions about various economic principles and how they apply to our day to day lives. KATE: Are you ready? GABRIELLA: Let's go. [MUSIC] Hi listeners, This is Shanette Lee once again with another podcast. Today I will be tal...
Mar 02, 2020•6 min•Season 1Ep. 20
Monopolies are corporations who dominate over a particular industry and are the primary supplier of a particular commodity. When they are left without government intervention, the price increases above the competitive equilibrium price which is detrimental to consumers. Anti-trust laws were put into place in order to regulate companies with too much influence over the market. This is beneficial to consumers who rely on competition to lower prices and make goods more affordable for the public. Th...
Mar 01, 2020•7 min•Season 1Ep. 19
In this podcast we discuss the nature of perfectly competitive market structures and monopolistic market structures. We talk about how an imaginary product/industry would behave in each market structure under their different conditions and with their different attributes. Podcast by: Kate Soanes and Gabriella Schaff Transcript p>[MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, ...
Mar 01, 2020•9 min•Season 1Ep. 18
The purpose of this podcast is to inform listeners of the importance of seniors to continue working to save the social security system. It discusses how seniors continuing to work will give the government more time and more funds to then fund those seniors retirement once they finally retire. The problem has occurred because the baby boomers are all retiring at the same time which means the amount of people working and paying into taxes is dramatically decreasing and the amount of people taking ...
Mar 01, 2020•7 min•Season 1Ep. 17
This podcast will acknowledge the ongoing issue with Facebook. Facebook, as well as other social media sites, dominate their market in a monopolistic way. Facebook currently uses its platform to push advertisements onto its consumers, which in return causes influence. This podcast will address this issue as well as the anti-trust laws that Facebook has violated. Podcast by: Brianna Jones and Lloyd Ferguson Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by...
Feb 28, 2020•6 min•Season 1Ep. 16
My podcast discusses the benefits, and few drawbacks, or receiving a college degree. It discusses the cost versus the rate of return, along with other benefits to getting a college degree. It also discusses the benefit of a degree over going through a technical program. Podcast by: Elizabeth Evans Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, we'll have discussions a...
Feb 28, 2020•6 min•Season 1Ep. 15
On this edition of Oznomics, I define the two extreme market models Perfect Competition & The Monopoly with my own version of it and the economist definition. I also mention since they don't actually exist in the real world I take a detour and give examples that come close to both extreme market models. I also define the terms, monopolistic competitions and oligopoly, as well as providing examples for them since those exist in the real world. I would then go into the similarities and differe...
Feb 28, 2020•9 min•Season 1Ep. 14
A border wall does not work in 2019 America. Immigrants cannot steal jobs, someone has to give it to them, willingly. Podcast by: Erin Geraghty Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, we'll have discussions about various economic principles and how they apply to our day to day lives. KATE: Are you ready? GABRIELLA: Let's go. [MUSIC] ERIN: Are illegal immigrants...
Jan 15, 2020•6 min•Season 1Ep. 13
Iran's attack on Saudi Arabia's Aramco oil production. The damage it did and what it means to us (the United States ) and what it means to Saudi Arabia. This effects more than one economy. It will be a mission to get things back up and running and it is still unsure how they will recover from this major loss. They were already empiercing a lot of changes that was leading to economic fragility, this was just the feather on the camels back. Podcast: by Shanette Lee Transcript [MUSIC] Kate: Hey eve...
Jan 15, 2020•6 min•Season 1Ep. 12
This podcast discusses the effects climate change has and will have on us and the economy. Not only has climate change caused warmer temperatures, but it has also caused extreme weather conditions which has caused a lot of damage. The hotter temperature we've experienced had caused a number of issues such as a decrease in supply of wheat, rice and maize. There will be a decrease in supply and an increase in the demand as our population is projected to increase. What can we do to fix this? Podcas...
Jan 15, 2020•6 min•Season 1Ep. 11
Substitute goods are products that when purchased, there is an alternative product that is being given up in its place. Technological advancements and marketing strategy combine to influence competition and varying rates of success of a company. Opportunity cost intertwines with these topics because individual preference comes down to how the consumer came into contact with the product, their necessity of the product, and how it appeals to them personally. An individual who likes a good, is like...
Jan 15, 2020•6 min•Season 1Ep. 10
Explaining how scarcity, opportunity costs, and supply and demand affect college students and the world around them. College students spend their money differently from person to person, but the rules are all the same. There is scarcity in resources that make finding jobs difficult, not to mention the stiff competition from the rest of the world. Your choices will always have some kind of costs, it is just up to you to deal with them as you see fit. Supply and demand control the economy, and you...
Jan 14, 2020•7 min•Season 1Ep. 9
Hi, my name is Tyler Rogan and today I will be discussing a few real life economic topics regarding hunting. The topics I will be discussing are the overall hunting market, opportunity cost, demand and supply, price elasticity, sunk costs, scarcity, and cost of production. Transcript [MUSIC] Kate: Hey everyone. Welcome to Oz-onomics, a podcast created for and by students in introductory economics classes at SUNY Oswego. GABRIELLA: In this series, we'll have discussions about various economic pri...
Jan 14, 2020•6 min•Season 1Ep. 8
