1 minute
First broadcast:Available for over a year
From inflation to GDP, from the stock exchange to bonds, Tim Harford goes back to basics to explain the terms we hear every day, and what they mean for you. Show more
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What is a recession and what causes a recession? Whether something makes you poorer or just makes you worry about becoming poorer, cutting your spending affects others. Show more
What happens when lots of people lose their jobs? And why might your wages be low when when everyone who wants a job, has one? Show more
Understanding inflation will help you understand why your shopping is getting more and more expensive and why prices rarely seem to come down. Show more
Why does the interest you pay on your credit card or your mortgage rate go up and down? Show more
What does it mean for our economy to be growing and what makes it speed up or slow down? What does that GDP figure stand for? Show more
What are banks and what do they do with our money? Show more
Who lends the government money and why? And what exactly does the stock market do? Show more
What is a recession and what causes a recession? Whether something makes you poorer or just makes you worry about becoming poorer, cutting your spending affects others. Show more
What happens when lots of people lose their jobs? And why might your wages be low when when everyone who wants a job, has one? Show more
Why are the rich, rich and the poor, poor, and was it always this way? How can we measure inequality to find out what’s really going on? Show more
Why is it so hard to save for when we’re older? Will future generations even be able to retire? Show more
The reason we can eat pineapples and sell aeroplane parts. But why might the value of the pound fall and what does that mean if it does? Show more
How we use credit can either grow the economy, or crash it. Show more
How does pricing work, when is a bargain really a bargain, and what happens when we bulk buy? Show more
What does it mean to go bankrupt? Though painful, is it always bad for the economy? Show more
Why do we have national debt, how much do we owe, and should we worry about it? Show more
How does the market for gas and electric work, and what's the impact on our bills? Show more