Episode 12: The Price System

FromThe Science of Everything Podcast

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Episode 12: The Price System

FromThe Science of Everything Podcast

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Length:

42 minutes

Released:

Jan 6, 2011

Format:

Podcast episode

Description

An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. We also look at how the price system promotes efficiency helps to regulate economic activity. Also includes a discussion of how prices store and communicate economic information.

Released:

Jan 6, 2011

Format:

Podcast episode

Titles in the series (100)

Here I discuss a variety of topics in both the natural and social sciences, exploring the many fascinating insights that the scientific method yields about the world around us.

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Episode 10: The Cell: An overview of the structure and function of cells, as well as their discovery, size, and classifications. Organelles discussed include the nucleus, plasma membrane, endoplasmic reticulum, ribosomes, Golgi apparatus, and mitochondria. Also includes with ... by The Science of Everything Podcast
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Episode 2: Organic Agriculture Part 1: A discussion of the history of organic agriculture, the philosophy behind it, and the main methods used. Also includes a look at the environmental benefits of organic farming, including the effects on erosion, water pollution and biodiversity. by The Science of Everything Podcast
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Episode 11: The Origin of the Universe: An overview of the chaotic inflationary theory for the origin of the universe, including a discussion of the inflaton field, quantum fluctuations, spontaneous symmetry breaking, and the zero net energy of the universe. Also includes a discussion of the M... by The Science of Everything Podcast
40 min listen
Episode 6: Thermodynamics: An introduction to the principles of thermodynamics, including a look at temperature and heat, the laws of thermodynamics, perpetual motion, methods of transferring energy, and the phenomenon of entropy. by The Science of Everything Podcast
40 min listen
Episode 37: Oxidation and Reduction: An overview of oxidation, reduction, and redox reactions, including a discussion of the definitions of these basic concepts, and an explanation of how they relate to oxidation number and electronegativity. We then apply these concepts to several common e... by The Science of Everything Podcast
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31 min listen
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33 min listen
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41 min listen
Episode 27: Intermolecular Bonds and Phase Transitions: Building upon episode 15 on Chemical Bonding, I explain the forces and mechanisms of intermolecular bonding, including dispersion forces, dipole-dipole bonding and hydrogen bonds, with an application of these mechanisms in analysing surface tension. This... by The Science of Everything Podcast
42 min listen
Episode 3: Organic Agriculture Part 2: An examination of the perceived advantages of organic food in terms of safety, nutrition and taste, followed by a comparison of the costs and yield efficiencies of conventional versus organic farming techniques. by The Science of Everything Podcast
39 min listen
Episode 1: Explaining Gravity: A discussion of gravity, beginning with a history of the concept from the ancient Greeks though to Newton. Also includes an explain Newton’s universal law of gravitation, how orbits work, how astronauts experience gravity in space, and how gravity causes... by The Science of Everything Podcast
38 min listen
Episode 17: Energy, Work and Momentum: An overview of the basic concepts of linear momentum, angular momentum, work and energy. Includes a discussion of the conservation of momentum, why the concept is needed, and some applications of the concept to collisions and rotating objects. The nature... by The Science of Everything Podcast
36 min listen
Episode 9: Matter and Molecules: An introduction to the nature, phases, and atomic composition of matter, along with a look at elements, ions, isotopes and the periodic table. The episode concludes with an explanation of molecules, including elemental, ionic and macromolecules. by The Science of Everything Podcast
34 min listen
Episode 7: The Introspection Illusion: A look into the fascinating psychological phenomenon of the introspection illusion. We explore the research behind this phenomenon, and the many implications that it has for human behaviour, including such startling conclusions as people are much more bi... by The Science of Everything Podcast
38 min listen
Episode 25: Organs, Tissues and Systems: An overview of the various levels of biological organisation, from the atomic and molecular level through cells, tissues, organs, and up to populations and ecosystems. Also includes a more detailed examination of the structure and function of the four ma... by The Science of Everything Podcast
43 min listen
Episode 14: Principles of Quantum Mechanics: Continuing on from episode eight ‘The Atom’, I examine the quantum-mechanical description of the behaviour of electrons around atomic nuclei. This is followed by an overview of some of the other major principles of quantum theory, including the Heisenber... by The Science of Everything Podcast
46 min listen
Episode 12: The Price System: An examination of how the price system works, including an introduction to supply and demand theory, and the concepts of clearing the market and surplus maximisation. We also look at how the price system promotes efficiency helps to regulate economic act... by The Science of Everything Podcast
42 min listen
Episode 38: Neurons and Synapses: A discussion of the neuron, the fundamental cell of the brain and the nervous system, including an overview of its morphology and physiology. I also discuss the generation and propagation of action potentials, including the role of graded potentials, vol... by The Science of Everything Podcast
52 min listen
Episode 22: Our Place in the Cosmos: A journey through Earth’s location in the universe, including a discussion of the Earth-moon system, the sun and planets of the solar system, nearby stars, the Milky Way Galaxy, the Local Group, clusters and superclusters, the large-scale structure of th... by The Science of Everything Podcast
41 min listen
Episode 4: The Origin of Life: An overview of current theories about how life arose from non-living matter, including an overview of the conditions on early earth, definitions of life, the source of organic monomers, the mechanisms of polymerisation of these monomers, and the possible... by The Science of Everything Podcast
41 min listen
Episode 8: The Atom: An examination of the atom, beginning with the origin of the concept in ancient Greece, and its subsequent development as a truly scientific idea in the 19th century. I explain the various important contributions made to the field by Thomson, Rutherford,... by The Science of Everything Podcast
43 min listen
Episode 16: Profits and Competition: A discussion of the importance of the profit motive and freedom of competition in the efficient operation of a market economy. Includes an overview of the uniformity of profit principle, and an examination of how competition serves as both an opportunity... by The Science of Everything Podcast
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Episode 15: Chemical Bonding: An overview of how atoms bond together to form different chemical substances, including a discussion of the tree main types of bonds (covalent, ionic and metallic), and the relationship of these bonding types to the concept of electronegativity. I also d... by The Science of Everything Podcast
43 min listen
Episode 28: Classical Conditioning: A discussion of classical conditioning, including an analysis of its key components of the conditioned and unconditioned stimuli and responses, the acquisition process, extinction, recovery, generalization, and discrimination. I also discuss some applica... by The Science of Everything Podcast
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Episode 31: Solutions and Mixtures: An analysis of liquids and their behaviour when mixed with other substances, incorporating a look at solutions, mixtures, colloids and suspensions. Special emphasis is placed on solutions, with a more detailed discussion of solubility, saturation, molari... by The Science of Everything Podcast
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Episode 35: DNA Structure and Function Part 2: Continuing on from episode 34, I discuss in detail the processes of DNA replication, transcription from DNA to RNA, and the translation of RNA to proteins. In doing so I examine the molecules and structures involved, the mechanisms of their operation, an... by The Science of Everything Podcast
52 min listen
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46 min listen

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Episode 12: The Price System

Episode 12: The Price System

Description

Titles in the series (100)

More Episodes from The Science of Everything Podcast

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