In this inaugural episode of Econ Nerds Live, hosts Matt Hill and Ariel Slonim discuss various economic topics, including the recent decision to stop minting pennies, the impact of AI on jobs, the price fluctuations of Ozempic. They also explore the challenges of innovation and idea generation, the pricing of non-alcoholic beverages, and the economic lessons learned from personal experiences, such as dealing with crows in the backyard.
00:00 - Introduction to Econ Nerds Podcast
01:13 - The Death of the Penny
07:56 - AI and Job Market Changes
09:59 - Video of the Week: Ozempic Pricing Loophole
14:51 - Post of the Week: Scott Sumner on Populism
19:46 - Paper of the Week: Are Ideas Getting Harder to Find, Nicholas Decker summarizes the paper here
22:44 - The Price is right? Price of Mocktails and Non-Alcoholic Beverages
29:48 - Consumer Surplus and Deadweight Loss of the week
33:55 - Archaeology Meets Economics - How to find ancient cities with trade theory
39:20 - The Impact of War on Economies
43:41 - Econ in the Wild: Personal Anecdotes
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