Decode Econ

115,000 jobs. Unemployment unchanged. And almost nobody feels good about it.The April jobs report came in more than double what economists expected — and the labor market still feels fragile to most people. That gap isn't a vibe problem. It's a data problem.In this episode, Dr. Abdullah Al-Bahrani and Jack Marx break down what the headline number misses: a 445,000-person spike in part-time workers who wanted full-time jobs, 348,000 federal workers gone since October, and a warehousing sector that had a good month but is still 105,000 jobs below its 2025 peak.They also get into GameStop's bid to buy eBay — and what Ryan Cohen's CNBC appearance reveals about how markets actually process information. Plus: why Decode Econ is changing its format this summer, and what that means for you.📩 Get the full written analysis — free — every Monday, and Wednesday at Decode Econ: www.DecodeEcon.com Paid subscribers get Friday's deep dive: What you should know about economics.Timestamps 00:00 — The jobs number everyone saw 04:20 — What the headline misses: part-time, federal, warehousing 11:45 — Why the vibes and the data keep diverging 18:30 — GameStop bids for eBay. Ryan Cohen biffs the CNBC interview. 25:10 — Why we're changing the format Decode Econ translates economic data into clear, responsible analysis — without jargon, hype, or partisan framing.#economics #jobsreport #labormarket #decodecon #theweeklyrap

Subscribe to www.DecodeEcon.comIs the U.S. economy actually strong—or just riding an AI bubble?In this episode, Dr. Abdullah Al Bahrani and Jack Marx break down GDP growth, rising U.S. debt (now at 100% of GDP), Federal Reserve pressure, and whether AI investment is artificially propping up the economy.We also discuss inflation, wages, oil prices, and what history (like Japan’s zero interest rate policy) tells us about what could happen next.🔍 What You’ll Learn* Why GDP growth is being driven by AI investment* The risks behind a 100% debt-to-GDP ratio* How Federal Reserve independence impacts markets* Whether the AI boom is sustainable* What rising oil prices mean for inflation* Lessons from Japan’s economic policies* The mindset students need to succeed today⏱️ Timestamps00:00 – U.S. debt hits 100% of GDP 00:41 – GDP growth breakdown (2%)01:20 – AI driving the economy?02:12 – Strong economy despite global turmoil03:23 – Why this feels unsustainable04:10 – The AI bubble explained05:18 – Will AI companies actually profit?06:00 – Jerome Powell & the Fed08:23 – Japan’s zero interest rate warning09:42 – Gas prices & geopolitics11:16 – Debt crisis risks12:29 – Can we fix government spending?15:19 – The “Last Lecture” mindset19:01 – Life advice: curiosity & resilience22:27 – Final thoughts

In this episode of Decode Econ Podcast, Dr. Abdullah Al Bahrani and Jonathan Marx break down why starting your career feels harder than ever—and why it’s not just in your head.Subscribe nowFrom real conversations at Eggs & Issues to insights from the Notes app, this discussion connects what students are experiencing with what’s actually happening in the economy.We also have some important questions for you. Make sure to watch and tell us what you think. We cover:Why “entry-level” now means experience requiredHow rising expectations are reshaping the job marketWhat income inequality (yes, the Gini coefficient) has to do with your careerInsights inspired by Kyla Scanlon and Gary HooverWhat students and graduates can actually do to adaptWhat is the American Dream, and how is it changing?If you’re a student, recent graduate, or just trying to understand today’s economy, this conversation is for you.You’re not falling behind—the system is changing.00:00 Intro02:00 The Notes App & Thinking Process05:30 Are Entry-Level Jobs Disappearing?10:00 Eggs & Issues: What Leaders Are Saying14:30 Inequality & the Gini Coefficient18:00 The Broken First Rung22:00 What Students Should Do NextShareNKY Chamber of Commerce events - Next Eggs ‘N Issues event Scott Galloway on Gini Coefficient.NBER Paper INCOME AND WEALTH INEQUALITY IN THE UNITED STATES:AN UPDATE INCLUDING THE 2022 WAVEBE NKY Report on Productivity. Leadership program at Haile Graduate Programs. Applications are open for the 2026 cohort. Master of Business Leadership and Innovation.The first rung is broken. My Notes app has 1,461 entries. That’s where I write down ideas, save random images, and drop links to videos I want to return to. It is not organized.Join us this Friday for the Haile Research Lab Senior Sendoff and to welcome next year’s cohort. The big idea: the first rung of the ladder is breaking

What does a donut have to do with monetary policy—and why did it earn a round of applause? In this week’s Decode Econ Weekly Rap, we unpack what makes a “perfect lecture,” rethink how we teach economics (hint: fewer multiple-choice exams, more real thinking), and break down the surprisingly doable path to saving $2 million starting from your first paycheck. Along the way, we tackle a deeper issue: why comparison—especially in school, careers, and money—is quietly undermining how we measure success. If you’ve ever felt behind, this episode will challenge how you think about progress, purpose, and your own path.Subscribe to Decode Econ on YouTube00:00 – 02:30 | Names, Identity, and Professional SignalsWhy “Jonathan vs. Jack” matters more than it seems—and how naming reflects identity in professional spaces.02:30 – 06:00 | The “Perfect Lecture.”A monetary policy lecture that landed—storytelling, student engagement, and ending with a donut analogy.06:00 – 10:30 | Rethinking Econ EducationMoving away from multiple-choice finals toward research, writing, and economic thinking.10:30 – 14:30 | The $620 QuestionCan students realistically save $2 million? Breaking down the math behind early-career saving.14:30 – 17:00 | Can You Live on $3,600/month?Cost of living, geography, and how Cincinnati compares to major cities.17:00 – 21:00 | Comparison Is the Thief of JoyFrom social media to the classroom—how relative thinking distorts well-being and decision-making.21:00 – 24:00 | Student Pressure and “Figuring It Out.”Why students feel behind—and when the “click” actually happens.24:00 – End | Trusting the ProcessGrowth, mentorship, and why your path doesn’t need to look like anyone else’s.

n today’s fast-moving world, economics can feel confusing and overwhelming—but it doesn’t have to be.In this video, we break down 5 powerful insights from the Decode Econ podcast to help you better understand how the economy works and how it impacts your everyday life.Founded by Dr. Abdullah Al Bahrani, Decode Econ is all about making economics simple, accessible, and relevant. Through podcasts, newsletters, and events, the platform helps everyday people cut through the noise and build real economic understanding.🔑 Here’s what you’ll learn in this video:Why Economic Basics MatterUnderstanding core concepts like supply, demand, and inflation can help you make smarter financial decisions and feel more confident navigating economic conversations.Economic Literacy & CapitalismWhen people don’t understand the system, they lose trust in it. Improving your economic literacy empowers you to make informed choices and better understand how markets work.The Power of Data in EconomicsData analytics plays a huge role in shaping economic decisions. Learning how to interpret data can give you a clearer picture of trends and outcomes.Why Community MattersLearning economics doesn’t have to be a solo journey. Engaging with others helps deepen your understanding and makes the process more enjoyable.The Future of Economic EducationEconomic knowledge should be accessible to everyone. Platforms like Decode Econ are leading the way by simplifying complex ideas into easy-to-digest content.📌 Whether you're new to economics or just looking to sharpen your understanding, this video will give you practical insights you can actually use.👉 Want to go deeper? Check out the full Decode Econ podcast for more conversations that make economics make sense.💬 Let us know in the comments: What economic topic do you want explained next?

Healthcare is full of good intentions. It is also full of incentives.In this episode of the Decode Econ Podcast, we sit down with Beth Munnich, Associate Professor of Economics at the University of Louisville, to discuss her research published in the American Economic Review on physician ownership of outpatient surgery centers.The question is straightforward:When doctors own the facilities where they operate, does behavior change?The answer, as in most markets, comes down to incentives.Outpatient (ambulatory) surgery centers have expanded rapidly over the past two decades. Advances in medical technology now allow many procedures to be performed safely without overnight hospital stays.This shift matters for three reasons:* Cost: Outpatient centers typically operate at lower overhead than hospitals.* Access: Patients benefit from shorter stays and quicker turnaround.* Market Structure: Increasingly, physicians are not just providers; they are also the owners.Ownership changes the economic equation.We also discuss teaching and advice for students and economists starting their academic journey.Key Takeaways* Physician ownership changes financial incentives in outpatient surgery markets.* Incentives influence referral patterns and potentially spending.* Healthcare markets are deeply shaped by ownership structure and insurance design.* Rigorous empirical research is essential to move beyond speculation.* Mentorship and persistence are critical in academic careers.This episode is about how markets respond when incentives change.And as Beth reminds us, incentives are always the keyOur goal is to amplify research and the people behind it, help us spread the word about Beth’s ResearchChapters00:00 Introduction to Decode Econ and Guest Beth Munnich00:12 Guest introduction and research overview01:06 Why Beth Munnich was drawn to healthcare economics01:35 The rise of outpatient surgery and its implications03:22 The importance of data and research questions05:18 Incentives and physician ownership in surgery centers07:44 Potential outcomes of ownership incentives08:31 Research findings on ownership and healthcare costs10:40 Doctor behavior and the principal-agent problem12:06 Insurance and patient financial incentives12:38 Research process and data collection challenges15:41 Long-term research journey and data acquisition20:46 Economic lesson: Always incentives22:06 Aligning incentives for better patient care23:22 Beth Munnich’s teaching philosophy and course design28:33 Target audience and topics of her new course30:00 Flipping the classroom: Relevance first in economics education31:35 Favorite subfields: Labor economics and social issues32:42 Impact of research on teaching and curriculum33:31 Career advice for students and early professionals35:44 Path to a PhD and career in economics38:02 Skills needed in modern economics39:44 Misconceptions about academic life41:38 Advice to younger self and career reflections45:05 Mentorship and networking in academia45:26 Connecting with Beth Munnich46:37 Closing remarks and gratituderesourcesBeth Munnich’s website https://www.bethmunnich.com/ Get full access to Decode Econ at www.decodeecon.com/subscribe

Join Dr. Abdullah Al Bahrani and Jack Marx for a wide-ranging conversation on economic policy, leadership, and personal growth.From Supreme Court tariff rulings to Kentucky’s long-term tax strategy, this episode breaks down what recent policy changes mean for consumers and households. The discussion also moves beyond economics into the role of emotional intelligence in leadership—because understanding policy is important, but understanding people is essential.Episode SummaryThis episode begins with reflections on midterms and the importance of engagement in learning. From there, the conversation turns to recent tariff rulings and the constitutional questions surrounding trade policy.Dr. Al Bahrani explains how tariffs work, who legally pays them, and who actually bears the economic burden. The discussion explores what “refunds” would really mean for consumers—and why the answer may be more complicated than headlines suggest.The episode then shifts to Kentucky’s gradual transition away from income taxes toward a broader consumption-based system. The conversation unpacks the strategy behind revenue triggers, the trade-offs involved in tax reform, and the long-term implications for households.Finally, the discussion closes with a powerful reminder: economics is about incentives, but leadership is about people. Emotional intelligence, reflection, and passion are not soft skills—they are performance skills that shape both economic outcomes and personal growth.Key Topics* Tariffs and their constitutionality* Statutory vs. economic incidence* Kentucky’s tax policy transition* Inflation and supply chain dynamics* Emotional intelligence in leadership* Reflection as a tool for growthNotable Sound Bites* “Illegal tariffs should be refunded.”* “Passion drives understanding and motivation.”* “Reflection is key to emotional growth.”Chapters00:00 Introduction and Midterm Reflections05:38 Kentucky’s Budget and Tax Strategy11:00 Emotional Intelligence and Personal GrowthKeywordsEconomics, Tariffs, Kentucky Tax Policy, Emotional Intelligence, Leadership, Public Policy, Supply Chain, Inflation, Midterms, Economic EducationThis week’s Posts* Can Kentucky Cut Taxes and Still Compete?* If Tariffs are Unconstitutional, Who Gets the Refund?* Trump’s “Liberation Day” to Judgement Day* Can You Read the Room?From Income Tax to Sales Tax: What Kentucky Is Really ChangingAre you a supporter of our efforts? Help us by sharing this podcast with others on your socials. Get full access to Decode Econ at www.decodeecon.com/subscribe

In today’s economy, intelligence isn’t enough. Employers aren’t just hiring credentials — they’re hiring people who can think under pressure, navigate uncertainty, and solve problems no one has clearly defined yet. In this episode, we explore the one skill that quietly separates top performers from everyone else — and why research may be the most underrated competitive advantage in the modern job market.What if the most powerful career advantage isn’t technical skill — but the ability to think clearly when the answer isn’t obvious?In this episode, alumni and faculty from the Haile College of Business share how research transformed their careers — not by preparing them for academia, but by sharpening the one capability employers consistently struggle to find: critical thinking under uncertainty.From government affairs to consulting to international economic research, our guests explain how research builds confidence, adaptability, and the ability to tackle complex, ambiguous problems in real-world environments.You’ll learn:* Why research builds more than resumes — it builds decision-makers* How critical thinking becomes a long-term competitive advantage* Why discomfort and uncertainty are essential to professional growth* How students can position themselves to stand out in an AI-driven economyWhether you’re a student, professional, or leader developing talent, this conversation will change how you think about the value of research.In a rapidly changing economy, the winners aren’t just informed, they’re prepared.From Around the WebHere are some posts this week that made us think* When you get in your way! by Dr. Jeni Al Bahrani. How Forever 21 rose and eventually fell as a business. * Puerto Rico by the Numbers by Monday Morning Economist. I love economic data dives into regions and policies that shape economies. Given Bad Bunny’s recent half-time show and everyone’s interest in PR, this is timely. As are all of Monday Morning Economist posts. * Something is rotten in the state of … Economics- by Nominal News. I missed a fight. Economists are upset with Jon Stewart for dismissing the field of economics. * Buying Futures, Renting the Past: How Speculation and Nostalgia Became the Economy by kyla scanlon. Another example of how she connects the dots between our social and economic realities. Get full access to Decode Econ at www.decodeecon.com/subscribe

In a recent episode of the Decode Econ podcast, Dr. Abdullah Al Bahrani and his student, Jack Marx, discussed the relevance and value of studying economics amid declining interest in the field. Their conversation sheds light on the unique skills economics students acquire, which not only enhance their employability but also their ability to tackle complex real-world issues.Main Content:Understanding the Value of EconomicsEconomics has often been viewed through the narrow lens of salary outcomes, yet Dr. Al Bahrani emphasizes that the true value of an economics degree goes far beyond financial compensation. He cites a recent research post that shows how economics students perform better in the labor market than their non-economics peers, even after controlling for industry and occupation. This finding highlights the critical thinking and problem-solving skills that economics education fosters.Critical Thinking in EconomicsThe podcast emphasizes that economics students are trained to evaluate problems from multiple perspectives. Dr. Al Bahrani notes, “We try to look at a problem from different lenses and we’re continuously asking what information do I need to receive to change my mind.” This mindset equips students with the tools to influence policy and drive change, making them valuable assets in any workforce.Integrating Economics Across DisciplinesDr. Al Bahrani advocates for the integration of economics with other fields such as business, psychology, and sociology. He mentions that students can benefit from adding economics as a second major, which can significantly enhance their skill set and career opportunities. Jack Marx shares his own journey from accounting to economics, illustrating how the latter offered a more engaging and rewarding path.Building Relationships in Economics EducationReflecting on his 13 years at Northern Kentucky University, Dr. Al Bahrani discusses the importance of community and relationships in economics education. He believes that effective teaching is intertwined with rigorous research, stating, “Good research has to be accompanied with good teaching and good communication.” His commitment to fostering a sense of belonging in the classroom is a testament to his belief in relationship-building as an essential component of education.Future Goals and Research DirectionsLooking ahead, Dr. Al Bahrani expresses his desire to mentor the next generation of economic educators. He is currently collaborating with colleagues on various research projects focused on workforce development and skill-based learning. His goal is to bridge the gap between research and teaching, ensuring that economics education remains relevant and impactful.Key TakeawaysThe discussion on Decode Econ serves as a reminder of the immense value that an economics degree holds in today’s job market. By cultivating critical thinking, problem-solving skills, and a sense of community, economics students are well-prepared to navigate complex challenges. As Dr. Al Bahrani suggests, whether you’re a current student or considering a career change, integrating economics into your education can open doors to new opportunities and career paths.Chapters00:00 Introduction and Personal Updates01:22 The Importance of Studying Economics05:05 Reflections on Teaching and Research in Economics08:46 Future Goals and Research Directions12:17 Discussion on Recent Economic Posts13:51 Analyzing the Latest Jobs ReportTags:Economics Education, Critical Thinking, Workforce Development, Higher Education, Career Opportunities, Economic Research, Student Success, Teaching Economics Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this episode of Decode Econ, Dr. Abdullah Al Bahrani and Jack Marx discuss various economic topics, including the role of economists in monetary policy, the implications of a weakening dollar, the impact of AI on hiring processes, and the importance of storytelling in economics. They emphasize the need for economists to communicate effectively with the public and the significance of developing soft skills for professional success.Keywordseconomics, monetary policy, Federal Reserve, weakening dollar, AI in hiring, storytelling, communication skills, professional developmentTakeaways* Economists need to adjust their language to engage the public.* The weakening dollar can have both positive and negative effects.* AI is complicating the hiring process by diluting the quality of signals.* Storytelling is crucial for economists to connect with their audience.* Practicing communication skills is essential for professional development.* Feedback, even if negative, is valuable for growth.* The market’s response to content can guide future topics.* Building emotional connections is key to effective storytelling.* Students should focus on networking and community signals for job success.* Embracing discomfort in communication leads to improvement.Chapters00:00 Introduction to Decode Econ and Weekly Wrap02:05 The Role of Economists in Monetary Policy07:00 Impact of a Weakening Dollar10:16 AI’s Influence on Hiring Processes14:49 The Importance of Storytelling in Economics20:49 Embracing Uncomfortableness in CommunicationOur posts from this week* AI Killed the Cover Letter* The Consequences of a Weak Dollar* The Skill Everyone Needs (and no one is taught)* Who is Kevin Warsh?* When “Efficiency” Means Admitting You Were Wrong Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this episode of Decode Econ, Dr. Abdullah Al Bahrani and his research assistant, Jack Marx, discuss various pressing economic issues, including the implications of Supreme Court bias, the current state of the dollar, and the challenges faced by young men in today's economy. They emphasize the importance of mentorship, vulnerability, and community support in navigating these challenges. Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this week's episode of Decode Econ, Dr. Abdullah Al Bahrani discusses significant economic trends and events, including the implications of isolation in global economics, a retrospective look at economic data from 2016 to 2026, insights from the World Economic Forum in Davos, and the bankruptcy of Saks Fifth Avenue. The conversation emphasizes the changing landscape of trade, inflation, and consumer behavior, while also highlighting community engagement and updates from Decode Econ.TakeawaysIsolation is a key theme in current global economics.Economic growth from 2016 to 2026 shows significant changes.Inflation rates have shifted dramatically since 2016.The Davos meeting highlighted changing global trade dynamics.Saks Fifth Avenue's bankruptcy reflects shifts in retail behavior.Consumer preferences are moving towards direct brand engagement.Decode Econ is expanding its community with new initiatives.The importance of understanding economic news in personal contexts.Engagement with the audience is crucial for content relevance.Staying curious about economic trends is essential for growth.Chapters00:00 Isolation and Global Economic Shifts02:46 Economic Trends from 2016 to 202606:01 Davos and Changing Global Trade Dynamics07:52 Saks Fifth Avenue: A Case Study in Retail Challenges Get full access to Decode Econ at www.decodeecon.com/subscribe

Title: Navigating Economic Currents: Insights from This Week's Decode Econ PodcastIntroduction: In this week's episode of Decode Econ, Dr. Abdullah Al Bahrani dives into some crucial issues affecting the economy, from Federal Reserve dynamics to the impact of individualism on public health perceptions. With a professional yet conversational approach, he sheds light on complex topics in a way that’s accessible and engaging.Main Content:Section 1: Federal Reserve and Market Reactions Dr. Al Bahrani begins by discussing the unprecedented investigation into Jerome Powell, the Federal Reserve Chair, for allegedly overspending and misrepresenting building costs to Congress. This revelation sent shockwaves through financial markets, but surprisingly, the markets responded positively. According to Dr. Al Bahrani, Powell's decisive public stance reassured investors that the Federal Reserve would operate independently from political pressures, thereby boosting market confidence. The implications of this situation are significant: investors are weighing whether this independence will maintain low interest rates and bolster corporate profits, or if it signals a more complex relationship between government influence and economic health.Section 2: The Rise of Individualism On another note, Dr. Al Bahrani highlights a shift towards individualism in the United States and its implications for public health policies, particularly regarding vaccines. He emphasizes that as society increasingly prioritizes personal rights over collective outcomes, navigating health policy becomes more challenging. This shift complicates communication and decision-making processes around vaccination, illustrating the broader societal trends that influence economic behavior and public health.Section 3: The Case for Studying Economics In an engaging segment, Dr. Al Bahrani addresses a common question among students: Why study economics? He shares his own educational journey, encouraging students to consider pairing economics with other fields, such as finance, law, or marketing. He notes that a solid foundation in economics can enhance career prospects and financial literacy, making it a valuable subject for those motivated by financial success.Section 4: Understanding Inflation and Affordability The podcast also delves into the latest Consumer Price Index (CPI) data, revealing a year-over-year growth rate of 2.65%. While this figure may seem manageable, Dr. Al Bahrani points out that essentials like shelter, beef, and coffee are experiencing higher price increases, which directly impacts affordability for many households. He cites personal experiences, noting that the cost of beef has risen by 15% and coffee by 17%, emphasizing that the cost of living is acutely felt at the grocery store.Section 5: Economic Growth vs. Economic Well-Being Additionally, Dr. Al Bahrani discusses the disparity between strong economic growth and the actual well-being of individuals. Despite a robust GDP growth of 4.3% in Q3, the share of GDP attributed to wages has been declining, raising concerns about income inequality. This disconnect between overall economic indicators and the realities faced by individuals is a critical issue that needs more attention.Section 6: Financial Literacy Initiatives Finally, the podcast wraps up with an uplifting discussion on a new initiative called Money Secrets, aimed at addressing the emotional aspects of financial literacy. Dr. Al Bahrani argues that financial education often overlooks the psychological barriers people face regarding money. By creating a platform for individuals to anonymously share their financial experiences, the initiative hopes to destigmatize discussions around money and promote healthier financial behaviors.Conclusion: This week’s Decode Econ podcast provides valuable insights into the current economic landscape, highlighting the importance of understanding the interplay between policy, individual behavior, and market dynamics. As we navigate these complex issues, it’s clear that fostering open discussions about economics and financial literacy is essential for collective well-being. Key Takeaways: 1. The Federal Reserve's independence is crucial for market confidence. 2. The rise of individualism influences public health perceptions and policies. 3. Studying economics can enhance career prospects and financial understanding. 4. Rising costs of essential goods impact affordability significantly. 5. Economic growth does not always equate to improved individual well-being. 6. Initiatives like Money Secrets can help address financial anxieties and promote literacy. Tags: Federal Reserve, Economic Growth, Individualism, Financial Literacy, CPI, Inflation, Money Management, Decode Econ Get full access to Decode Econ at www.decodeecon.com/subscribe

I have been reflecting on my career. If you had asked me 10 years ago where I saw myself in 10 years, I would not have been able to describe my career as it is today. I find that beautiful.As I reflect, I've identified several things that’ve served me well, and I'd like to share them with you. Let us call them the career progression principles. I would love to know which principles you would add to this list.Make sure to subscribe to my newsletter Get full access to Decode Econ at www.decodeecon.com/subscribe

Recently, Walmart announced that it will have to increase its prices due to the tariff wars. This announcement received a harsh response from President Trump, who demanded that Walmart "Eat the Tariff." At the same time, Home Depot has announced that it will not change its prices.Today, I would like to talk about which companies will be able to “eat the tariffs” and which will pass them on as price hikes. Whatever companies decide, it will hurt consumers. I will cover that at the end. Get full access to Decode Econ at www.decodeecon.com/subscribe

Navigating college can be tough. Kyah shares with us how one student's encouragement to attend Econ Club helped her build community. Must listen for all soon to be graduates. Get full access to Decode Econ at www.decodeecon.com/subscribe

My mentor reminds me often that my job is to create value for my organization and the people around me. The value I choose to create will vary across responsibilities and situations, but ultimately, my job is to improve the world. The same is true for you.The challenge many professionals face isn't just creating value—it's ensuring that value is recognized and properly compensated. This brings us to an important economic concept that can help frame how you think about your value and contributions to your organization. Get full access to Decode Econ at www.decodeecon.com/subscribe

Jerome Powell, the Federal Reserve Bank chair, recently reported that the U.S. economy is at risk of experiencing slowing growth coupled with persistent inflation. This economic predicament is what economists call stagflation—a stagnating economy that simultaneously faces rising prices.Powell's candid assessment was met with sharp rebuke and even threats of termination from the administration. This political pressure comes at a critical moment when the Supreme Court is evaluating whether the president can fire chairs of independent agencies, including the Federal Reserve. The timing couldn't be more consequential for our economic stability. Get full access to Decode Econ at www.decodeecon.com/subscribe

In an increasingly competitive and uncertain job market, the difference between those who thrive and those who merely survive often comes down to one factor that business schools rarely teach—building and maintaining your professional support network. Over decades of mentoring, I've observed hundreds of careers. I've identified a clear pattern: those who intentionally build what I call a "hype team" consistently outperform equally talented peers who try to navigate their careers alone.But, how do you develop this team?Learn more here. Get full access to Decode Econ at www.decodeecon.com/subscribe

The current administration is breaking all of its policy rules when it comes to eggs. Their new approach can teach us a lot about the role of government and remind us why government is important.The market has seen a 50% surge in egg prices due to an avian influenza outbreak. In response, the federal government plans to introduce a five-pronged strategy. Get full access to Decode Econ at www.decodeecon.com/subscribe

I have a note in my Notes app called "Thoughts." This is where I collect ideas throughout my day. It's nothing fancy, just a collection of random things that I find interesting: Get full access to Decode Econ at www.decodeecon.com/subscribe

Join Dr. A as we explore critical issues in economics education. This episode highlights: Midterm reflections for students and professors A revealing study on racial and gender achievement gaps in economics classrooms The impact of stereotype threat on student performance, especially for female URM students Strategies for creating inclusive learning environments and combating stereotypesDiscover how stereotype threat affects learning outcomes and learn practical approaches to foster equity in economics education. Essential listening for educators, students, and anyone interested in improving diversity in economics. Get full access to Decode Econ at www.decodeecon.com/subscribe

On Tuesday, 45,000 dockworkers went on strike for the first time in decades, impacting 36 U.S. ports from Maine to Texas. This strike highlights a growing tension between technological innovation and job security, a conflict that will likely affect us all. At the core of this issue lies a fundamental question: How can we embrace innovation without sacrificing workers’ livelihoods?Today, we explore the role of innovation in economic growth, the fears associated with job displacement, and the responsibilities of government and corporations in creating an environment that welcomes disruption while protecting workers. Get full access to Decode Econ at www.decodeecon.com/subscribe

Today, I want to explore a topic that often goes unnoticed: how language can be used to exclude people from "being in the room." This is why I'm so passionate about teaching my students the language of professionalism and economics—it's the driving force behind this newsletter and our podcast.More resources in the newsletter www.WithDrA.com Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this conversation, Dr. A and Matt Frey discuss early career advice and how to navigate the transition from college to the workforce. They emphasize the importance of networking, being authentic, and strategic thinking. Matt shares his insights on the application process, including the need to understand the changing labor market and minimize information asymmetry. He also provides advice on how to succeed in a new job, such as being prepared, disciplined, and willing to say yes to opportunities. They discuss the importance of continuous learning, staying informed about industry trends, and maintaining relationships with your network. The conversation explores the importance of gratitude and nurturing relationships in personal and professional life. It emphasizes the value of expressing gratitude and giving credit to others, as well as the impact it can have on building and maintaining relationships. The conversation also discusses the significance of maintaining relationships through regular touchpoints and finding ways to connect with others. Additionally, it highlights the importance of academic success and finding a balance between extracurricular activities and academics. The conversation concludes with reflections on the growth and success of the Hale Fellows Program and the goals for its future.Takeaways Networking is crucial for career success. Invest in building relationships and maintaining connections. Be authentic and true to yourself in the workplace. Let your personality shine through. Strategic thinking is important. Plan ahead, be proactive, and make decisions that align with your career goals. Stay informed about industry trends and developments. Read articles, follow industry experts, and listen to podcasts. Document your accomplishments and progress. Keep track of your work and share it with your manager to showcase your value. Don't be afraid to reach out to people for advice and guidance. Audacity and confidence can open doors and create opportunities. Continue to nurture old connections and maintain relationships. Share your success and show gratitude for their contributions to your career. Expressing gratitude and giving credit to others can strengthen relationships and brighten someone's day. Regular touchpoints and nurturing old relationships are important for maintaining connections. Finding a balance between extracurricular activities and academics is crucial for academic success. The Hale Fellows Program has grown and evolved, and alumni are encouraged to give back and support current students. Attending conferences and networking events can provide valuable experiences and opportunities for personal and professional growth.Chapters00:00 Introduction and Discussion on Notre Dame02:06 Introduction of Matt Frey and Topic of Early Career Advice04:11 Navigating the Transition from College to Career07:29 The Importance of Networking and Authenticity10:24 Strategic Thinking for Career Success16:38 Staying Informed and Continuous Learning19:12 Documenting Accomplishments and Progress22:24 The Power of Reaching Out and Maintaining Connections25:38 The Power of Gratitude and Giving Credit28:23 Balancing Extracurricular Activities and Academics36:02 The Growth and Success of the Hale Fellows Program43:01 Attending Conferences and Networking Events for Personal and Professional GrowthKeywordsearly career advice, college to career transition, networking, authenticity, strategic thinking, application process, labor market, information asymmetry, success in a new job, continuous learning, industry trends, maintaining relationships, gratitude, nurturing relationships, expressing gratitude, giving credit, maintaining relationships, touchpoints, academic success, extracurricular activities, Hale Fellows Program Get full access to Decode Econ at www.decodeecon.com/subscribe

This week, we explore economic research and career development with Ben Reynolds, the first Haile Fellow. Now a senior research analyst for the Council of State Governments, Ben's journey showcases the versatility of economics skills across industries. He emphasizes the importance of effective communication in research and the value of combining quantitative and qualitative methods.Ben's experience pursuing a master's degree in economics at the University of Essex during the COVID-19 pandemic highlights the benefits of international education and building a global network. His advice to students: focus on personal connections and problem-solving skills – crucial for success in any economics-related career.Chapters00:00 Introduction 01:03The Haile Fellows Program and Ben's Experience03:18 Building Connections and Learning Through Problem Solving04:19 Advice for Fellow Students on Data Cleaning and Analysis05:37 Having a Question and Applying Economics Skills06:16 Leveraging the Fellowship for Internships07:33 Transitioning to Work at Triad and Grad School08:09 Translating Skills for New Internships10:03 The Variety of Career Paths in Economics12:10 The Importance of Communication in Research14:01 Presenting Information for Different Audiences15:26 The Fun and Variety of Ben's Current Role16:36 The Impact of Local Policy and the American Rescue Plan Funding19:15 Ben's Passion for History and its Synergy with Economics21:02 The Role of History in Economics Research22:05 The Importance of Quantitative and Qualitative Methods24:59 Pursuing a Master's Degree in Economics Abroad29:34 Challenges of Completing a Degree During COVID-1933:39 Building Personal Connections and Problem-Solving Skills Get full access to Decode Econ at www.decodeecon.com/subscribe

Today, we sit down with Becca Wilson, an NKU Haile College of Business alumna, former Haile Research Fellow, and current employee at 3CDC.Key Takeaways: (03:10) Becca credits the Haile Fellows Program for opening up new career paths and opportunities she wouldn't have considered otherwise, like working in a nonprofit organization (10:24) Reflection is crucial for personal and professional growth; Becca suggests having verbal discussions to process reflections and share with others for support and guidance (20:47) Transitioning from college to a full-time job can be challenging, especially adjusting to a consistent work schedule and maintaining optimal brain function through proper sleep and nutrition (27:36) Building a strong support system and staying connected with peers who are going through similar experiences can help navigate the challenges of post-graduate life (32:26) When faced with multiple career options, prioritize moving forward and learning what you don't like; choose opportunities with managers who invest in your growth and development (39:15) Becca believes her future lies in academia but values her current experiences in the business world to develop her beliefs and collide with new ideas (48:49) Advice for current Haile Fellows: connect with alumni, be confident in your strengths, take on new opportunities even if you're unsure, and lean into your passions Get full access to Decode Econ at www.decodeecon.com/subscribe

Guest: Brooklyn Stephens, NKU Economics alumna, former Haile Research Fellow, adjunct professor, and MBA graduate from the University of KentuckyKey Takeaways:• (05:28) Brooklyn shares her most memorable experience as a Haile Research Fellow, presenting at the Kentucky Economic Association conference amidst challenging personal circumstances  • (07:57) The support and empathy from Dr. A during this difficult time greatly influenced Brooklyn's leadership style and teaching approach• (12:35) Brooklyn's research experience enhanced critical thinking, communication, and presentation skills that have been invaluable in her career• (14:54) Brooklyn and Dr. A collaborated on an international consulting project on financial literacy education after she graduated• (17:17) Brooklyn's research paper from her time as a Haile Fellow was published in November 2023• (22:04) Brooklyn chose to pursue an MBA at University of Kentucky to have a new experience at a larger school, but values her undergraduate experience at NKU• (37:04) As an adjunct professor at NKU, Brooklyn taught ECO 309 (Data Tools for Economic Analysis) and inspired students like Brandon Hester to become curious and engaged learners  • (45:07) Brooklyn advises students facing personal challenges to build connections with faculty early on and communicate openly about their situations• (48:26) In your twenties, it's okay to break societal "rules" and expectations when following your passion; rely on your network and community for support during times of uncertaintyDiscussion Topics: • (24:05) Navigating the decision between entering the workforce or pursuing graduate school after completing an undergraduate degree• (26:26) The importance of having a supportive network and seeking out empathetic leaders  • (29:53) Leveraging research experience for career opportunities and skill development• (34:42) Sharing student stories to showcase the diverse experiences and successes at NKU• (39:24) Balancing personal challenges with academic and professional responsibilities• (41:42) Building relationships with professors and being open about personal circumstances affecting school  • (50:42) Normalizing changing career paths and prioritizing personal well-being, even if it goes against conventional expectations Get full access to Decode Econ at www.decodeecon.com/subscribe

In this episode of Economics with Dr. A, Dr. Abdullah Al Bahrani interviews Tyler Kent, a graduate from the class of 2019 and a former participant in the Haile Fellows Program. They discuss Tyler's experience in the program, its impact on his career, and his advice for current fellows. The conversation highlights the importance of experimentation, curiosity, and having fun in the learning process. Tyler emphasizes the value of research and developing skills such as coachability, critical thinking, and persistence. He also encourages fellows to be open to new opportunities, be vulnerable, and trust in the process.Takeaways The Haile Fellows Program provides a valuable opportunity for students to engage in research, develop critical skills, and differentiate themselves in the job market. Being coachable, having a growth mindset, and persisting through challenges is essential for success in the program and beyond. Research experiences can lead to higher earnings and open up new career opportunities. Overcoming the fear of failure and vulnerability is key to personal and professional growth. Trusting others and being open to new opportunities can lead to unexpected and rewarding experiences. Long-term thinking and taking calculated risks can lead to personal and professional development.Sound Bites "Being vulnerable is a good thing." "The camaraderie of the group was key to the program's success." "Research and writing a paper was instrumental in launching my career."Chapters 00:00 Introduction and Welcoming Tyler Kent 03:00 The Value of Research and Developing Essential Skills 08:11 The Importance of Camaraderie and Trust 13:32 Research and Career Development 29:28 Trusting the Process and Seizing Opportunities 39:18 Advice for Current Fellows and Conclusion Get full access to Decode Econ at www.decodeecon.com/subscribe

In this conversation, Dr. Abdullah Bahrani interviews Aro Rajaonah, a former Haile Fellow and a pre-doctoral research specialist at Princeton University. Aro shares his experience as a Haile Fellow and advises current fellows. He emphasizes the importance of coding skills, networking, and reading widely. Aro also discusses his plans, including applying to PhD programs. The conversation highlights the value of research and the opportunities it can create.TakeawaysDevelop coding skills and organize code effectivelyBuild a strong network of connections in the research communityRead widely and explore diverse topicsFocus on skills development and be open to new opportunitiesApply to as many research positions as possible to increase chances of successSound Bites"Coding is a big part of my experience here right now.""Networking was a great thing that the Haile Fellows Program helped me with.""Focus on building skills: coding, reading, and research interests."Chapters00:00 Introduction and Background03:08 Aro's Current Work at Princeton08:49 Developing Curiosity and Intellectual Growth11:22 The Impact of the Hale Fellows Program24:08 Preparing for a Career in Research31:36 Future Plans and Closing Remarks Get full access to Decode Econ at www.decodeecon.com/subscribe

In this episode of Economics with Dr. A, we sit down with Sophia Hermosilla, a recent graduate of Thomas More University and a former fellow at the Zembrodt Center for Entrepreneurship and Innovation. Sophia shares her journey from Panama, her home country, to pursuing her undergraduate degree in the US. She has decided to continue her education with a graduate degree at George Washington University.Key Takeaways: Sophia's passion for international relations and political science stems from her high school experiences with public speaking and campaigning as a youth deputy in Panama. The power of mentorship is evident in Sophia's relationship with Mrs. A, who has been a constant source of support, encouragement, and guidance. Asking questions and building connections are crucial for success in both academic and professional settings. Being true to oneself and embracing vulnerability is key when applying to graduate school and navigating new challenges. Maintaining a strong network, such as the one Sophia has built with her fellow students and mentors, is essential for personal growth and success.Sophia's story is about determination, passion, and the importance of surrounding oneself with supportive mentors and peers. As she embarks on her graduate school journey at George Washington University, she carries the lessons learned and connections made during her time at Thomas More University.Chapters 00:00:00 - Introduction00:02:08 - Sophia's journey to Thomas More University00:04:32 - Sophia's choice of major and passion for international relations00:06:54 - Sophia's driven and motivated nature00:09:17 - The power of asking questions and seeking help00:12:23 - Sophia's most prideful moment of the year00:14:47 - The importance of Mrs. A's mentorship00:17:12 - Sophia's connection with Mrs. A and the safe space she provides00:19:14 - The importance of building connections and asking questions00:21:16 - Sophia's dependability and initiative00:23:28 - The decision to pursue a graduate degree00:25:53 - Applying to graduate school and being true to oneself00:27:57 - Sophia's choice of graduate school and excitement for the future00:30:16 - Transitioning from a small community to a large one00:32:40 - The importance of leaning on a network during challenging times00:34:53 - The impact of fellow students on Sophia's journey00:37:18 - Dr. A's parting words for Sophia00:37:50 - Mrs. A's parting words for Sophia00:40:15 - Conclusion and upcoming episodes Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this powerful episode, Dr. Abdullah Al Bahrani sits down with Mrs. Jeni Al Bahrani and Erin Preston, a graduating senior at Thomas More University, to discuss Erin's experience as a fellow at the Zembrodt Center for Entrepreneurship and Innovation.The main themes include professional development, mentorship, and the importance of community. Erin shares her journey of initially hesitating to join the program but eventually embracing it and finding success. The conversation also highlights the impact of mentorship and the power of taking on uncomfortable opportunities for personal growth. Erin discusses her job search process and the role of personal relationships in finding employment.  00:00 Introduction to the Zembrodt Center and its focus 03:13 Professional Development and Mentorship at the Center 09:09 Embracing Uncomfortable Opportunities for Growth 13:06 The Power of Personal Relationships in Finding Employment 26:46 Education is About Relationships 35:26 Expressing Gratitude and Conclusion1. The fellowship program focuses on professional development and mentorship, with fellows learning to be both mentees and mentors.2. Despite initial fears and uncertainty, Erin chose to join the fellowship program, which she describes as her favorite experience at Thomas More.3. Erin emphasizes the importance of being true to oneself and using role models as inspiration rather than trying to emulate them.4. Mrs. A highlights the mutual benefits of the mentor-mentee relationship, noting how much she has learned and grown from working with Erin and the other fellows.5. Erin's most proud moment was representing Thomas More at a panel discussion on entrepreneurship programs, where she overcame her nerves to articulate the value of the fellowship program.6. The power of relationships and community is a central theme. Erin secured her post-graduation job through her connection with Mrs. A and her involvement in the local business community.7. Dr. A and Mrs. A express their pride in Erin's growth and willingness to embrace discomfort for personal and professional development.ChaptersTakeawaysShare this post with a friend and tag us on social media! Help us reach more people. Get full access to Decode Econ at www.decodeecon.com/subscribe

Dr. Abdullah Al Bahrani welcomes Grace McConn, a graduating Haile Fellow, to reflect on her experience in the program. Grace is the commencement speaker for her upcoming graduation and a Haile Fellow. We discuss the five things she learned while working as a Haile Fellow. 5 Key Things Grace Learned as a Haile Fellow:1. The Power of Community (04:23)2. Teaching and Being a Professor (13:45)3. The Power of Storytelling (17:12) 4. The Power of Reflection (22:30)5. Adding Value to the Team (28:38)Advice for New Fellows (35:28)Conclusion (37:20) Get full access to Decode Econ at www.decodeecon.com/subscribe

Episode Description: In this episode, Dr. A delves into the troubling trend of the declining share of income allocated to American workers, despite their increasing productivity and output. The discussion explores the factors contributing to this decline, including globalization, the decline in union membership, and the growing automation of jobs. Dr. A also examines the recent groundbreaking decision by the Federal Trade Commission (FTC) to ban noncompete clauses and its potential impact on workers, businesses, and innovation. Join us as we navigate the complex economic realities and discuss the path forward towards a more equitable distribution of growth and prosperity.Key Takeaways: The share of income allocated to U.S. workers has significantly decreased since 1947, from two-thirds to just over half, despite increased productivity. Globalization and the decline in union membership have contributed to the shrinking share of income for American workers. The growing automation of jobs, observed since the 1980s, has further eroded the portion of income allocated to workers. While the slice of the economic pie for workers is shrinking, the overall size of the U.S. economy is expanding, presenting a complex economic reality. The FTC's recent decision to ban noncompete clauses marks a significant victory for workers' rights and has the potential to spur business formation, increase worker earnings, lower healthcare costs, and drive innovation.Topics Covered: Declining share of income for American workers Globalization and outsourcing Union membership and collective bargaining Automation and its impact on the workforce FTC ruling on noncompete clauses Equitable distribution of economic growth and prosperityEpisode Outline: Introduction (1-2 minutes) The declining share of income trend (3-4 minutes) Factors contributing to the decline (6-8 minutes) The shrinking slice of a growing economic pie (2-3 minutes) The FTC's groundbreaking ruling on noncompete clauses (4-5 minutes) Navigating the path forward (2-3 minutes) Conclusion and key takeaways (1-2 minutes)Calls to Action: Stay engaged with the critical issues surrounding the declining share of income and the future of work. Analyze the forthcoming data and insights from the Bureau of Labor Statistics. Please share your thoughts, questions, and perspectives on the economics of our world with Dr. A and the community. Get full access to Decode Econ at www.decodeecon.com/subscribe

Embrace Exploration: Refrain from rushing into major life decisions such as buying a home or pursuing graduate school immediately after graduation. Instead, focus on building diverse experiences and exploring various career paths to find the best fit for you. Leverage Your Economics Degree: An economics degree is highly versatile and opens doors to various job opportunities across different industries. Please don't limit yourself to working solely in your field of study; you can explore how your skills can be applied in various contexts. Harness the Power of Networking: Building relationships and helping others is crucial for career success. You can engage in networking opportunities, both in-person and online, to expand your professional circle and create valuable connections that can lead to future opportunities. Negotiate Your Worth: Don't hesitate to negotiate when receiving a job offer. Research market rates for your role and consider your qualifications to ensure you're fairly compensated. To remind you, negotiation is a typical and expected part of the hiring process. Seize Opportunities in a Strong Job Market: The current job market for college graduates is robust, with plenty of opportunities available. You can take advantage of this favorable climate by actively looking out and applying for positions that align with your interests and goals. Make Informed Financial Decisions: As you enter the workforce, educate yourself on important financial matters such as insurance, retirement plans, and budgeting. Seek guidance from trusted sources and utilize available resources to make sound financial choices.Chapters00:00 Introduction and Congratulations to Graduates04:23 The Versatility of an Economics Degree09:02 The Power of Networking13:08 Negotiating Job Offers22:08 Transitioning from College to the Real World Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryHave you ever felt like you're constantly measuring your achievements against someone else's ruler? In our latest episode, we dive deep into college pressures, the comparison trap, and the quest for personal success. Join me, Grace, Fawwaz, and the latest addition to the team, Emma, as we dig into the realities of navigating life's early challenges and opportunities.Here’s why you can't miss this episode: Shatter the Comparison Cycle: Learn why comparing your chapter 1 to someone else's chapter 20 is the fast track to feeling stuck.  Embrace the Oops: Discover how every mistake is not a setback but a step forward in your growth journey.  Craft Your Own Success Story: Unpack the tools to define success on your terms, not society's.  The Power of Now: Seizing opportunities and being fully present can catapult your personal and professional development.  Mentorship Magic: The undeniable value of having a go-to team for navigating life's crossroads.  Why Your Next Big Purchase Can Wait: Dr. Al Bahrani shares why prioritizing mobility and exploration is key in your 20s.  Credit Card Wisdom: Mastering the art of building credit without the debt trap.  Cross-Mentorship & Community: How sharing experiences enriches not just your story but also those around you. Economics with Dr. A is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. www.WithDrA.comChapters00:00 Navigating the Pressure to Succeed15:39 The Importance of Defining Success24:21 Being Present and Taking on Opportunities27:24 The Power of Mentorship and Safe Spaces35:16 Prioritizing Mobility and Exploration in Early Career48:55 Managing Credit Cards Responsibly56:19 Sharing Experiences and Telling Your Story Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryIn this episode, Dr. Abdullah Al Bahrani discusses financial literacy with Jennifer Inman, the Executive Director of the Kentucky Financial Empowerment Commission (KFEC), and her team. They emphasize the importance of understanding personal finance and making sound financial decisions. The team shares their financial journeys and highlights the need to teach financial literacy in a personal and relatable way. They also discuss the various programs offered by KFEC, such as the Bank On Initiative and financial literacy workshops for different communities. The episode concludes with a call to action to celebrate Financial Literacy Month and engage with KFEC's resources and seminars.Takeaways Financial literacy is about understanding personal finance and making sound financial decisions. Teaching financial literacy should focus on the personal aspect and take away the shame associated with money. KFEC offers various programs, including the Bank On Initiative and financial literacy workshops for different communities. Budgeting, understanding long-term goals, and tracking expenses are essential for financial stability. April is Financial Literacy Month, and KFEC encourages everyone to engage with their resources and workshops.Chapters00:00 Introduction and Financial Literacy01:26 Introduction of Kentucky Financial Empowerment Commission03:22 Introducing the Team05:48 Understanding Financial Literacy08:05 Teaching Personal Finance10:25 Overcoming Anxiety and Making Financial Decisions11:50 Teaching Personal Aspect of Personal Finance13:37 Understanding Long-Term Goals and Making Sound Financial Decisions15:03 Going Against Financial Advice19:25 Bank On Initiative21:44 Financial Literacy for Refugees24:30 Employee Empowerment Workshops28:51 Thrifty Thursdays and Financial Tips33:22 April Financial Literacy Month and Upcoming Workshops41:45 Conclusion and Call to ActionJoin us at NKU this Summer Thanks to generous sponsorships from REDI Cincinnati and BE NKY, we can pass on the cost savings to the 2024 Summer Economic Development Bootcamp participants. We have a new reduced price. You can learn more on our website.  Get full access to Decode Econ at www.decodeecon.com/subscribe

Read more and sign up for the giveaway here https://open.substack.com/pub/draalbahrani/p/the-psychology-of-money?r=eikdh&utm_medium=ios Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryDr. Abdullah Al Bahrani interviews Antowan Batts, a supporter of the Econ Games and the Econ with Dr. A brand. They discuss Antowan's role as a judge at the Econ Games and his work as a system analyst at Dollar Tree. They also discuss Antowan's passion for supporting organizations like the Sadie Collective and the PhD Project. Antowan shares his experience with writing and his newsletter, 'Business Without Borders.' They discuss the possibility of rebranding the Econ with Dr. A’s brand and building a team. The conversation concludes with a discussion on the culture in economics and Antowan's educational background. Antowan Batts supports the Econ Games and the Econ with Dr. A brand. He works as a system analyst at Dollar Tree and is passionate about supporting organizations like the City Collective and the PhD Project. Antowan has a newsletter called 'Business Without Borders,’ where he writes about international business and business ethics. Rebranding the Econ with the Dr. A brand and building a team to support the content creation is possible.00:00 Introduction and Setting01:27 Antowan's Role at the Econ Games02:25 Antowan's Experience at Dollar Tree02:53 Antowan's Role as a Judge at the Econ Games03:23 Discussion on the Housing Market05:19 Antowan's Newsletter and Writing Passion06:43 Discussion on Rebranding the Econ with Dr. A Brand09:05 Antowan's Discovery of Econ with Dr. A Content10:59 Discussion on Building a Team and Rebranding13:23 Antowan's First Newsletter and Writing Experience15:44 Antowan's Newsletter 'Business Without Borders'21:41 Highlighting Women in Economics22:58 Antowan's Contribution to the Women That Inspire Us Series23:56 Discussion on Steven Levitt's Podcast26:11 Antowan's Educational Background29:03 ConclusionJoin our community of curious minds.Antowan’s Newsletter https://businesswithoutborders.substack.com/Nonprofits to support This is Neighborhood https://www.thisisneighborhood.com/ Sadie Collective https://www.sadiecollective.org/ The PhD Project https://phdproject.org/ Sponsor informationNorthern Kentucky University’s Haile College of Business, in collaboration with the Center for Economic Analysis and Development (CEAD), is excited to announce its inaugural Economic Development Bootcamp from June 3 -7, 2024.Led by Janet Harrah, the senior director of CEAD and executive director of Haile Professional Development, this intensive 5-day program offers a curated curriculum tailored to meet the needs of college students and young professionals looking for a career in economic development. Participants will delve into the fundamental aspects of economic growth, primarily focusing on market research.Accepted applicants will learn specialized skills throughout the boot camp, including data analysis, project management, community outreach, and gathering and interpreting data to effectively communicate research findings. The skills learned in this boot camp are transferrable to various occupations, including economic development professionals in government, non-profit, private companies, and international organizations.What: Economic Development BootcampWhen: June 3 – 7, 2024Where: NKU’s Haile College of BusinessAccepted participants will meet with and learn from economic development professionals in our regional development organizations, city and county government, tourism, and community infrastructure industries.An application is required, and participant selection will occur during the first week of April.Click here for more information and to apply. Get full access to Decode Econ at www.decodeecon.com/subscribe

SummaryBola Olaniyan, Executive Director of the Sadie Collective, discusses the organization's mission to increase the representation of Black women in economics, policy, data science, and finance. She shares the portfolio of Sadie Collective’s programs, including the annual conference, career pathways programs with the Chicago Federal Reserve and JPMorgan Chase, and high school outreach initiatives. Bola also highlights the importance of adaptability, connection-building, and self-advocacy in leadership. She encourages individuals to share the work of the Sadie Collective and support their mission of creating a more diverse and inclusive community.TakeawaysThe Sadie Collective aims to increase the representation of Black women in economics, policy, data science, and finance.The organization offers a portfolio of programs, including an annual conference, career pathways programs, and high school outreach initiatives.Leadership qualities that Bola relies on include adaptability, connection-building, and self-advocacy.The Sadie Collective can be supported by sharing their work and encouraging program participation.Chapters00:00 Introduction 07:23 Bola's Affiliation with the Sadie Collective10:15 Taking Over the Sadie Collective11:16 Portfolio of Programs: Annual Conference15:25 Portfolio of Programs: Exploring Career Pathways with the Chicago Federal Reserve18:18 Hidden Programs: High School Outreach and Mentorship22:04 Challenges and Staying True to the Mission25:28 Organizations Doing it Right30:34 Leadership Qualities and Advice37:00 How to Support the Sadie Collective39:17 Conclusion and Thank You Get full access to Decode Econ at www.decodeecon.com/subscribe

In this conversation, Dr. Abdullah Al Bahrani interviews Samantha Eyler-Driscoll, the founder of Standard Error Research Editors. They discuss Samantha's path to economics, the challenges of being an entrepreneur, and the importance of inclusion in economics. Samantha shares insights into the value of editors and the services offered by her company. They also explore ways to improve diversity and inclusion in economics, particularly for women economists. The conversation highlights the need to leverage marginal spaces and provide support and solidarity to underrepresented voices. Samantha emphasizes the importance of reading to improve writing skills and offers tips for aspiring writers.TakeawaysEntrepreneurship in economics offers opportunities to contribute to economic research and spread economic thought.Editors play a crucial role in improving the quality and impact of academic work, particularly for non-native speakers and those without strong language skills.Improving diversity and inclusion in economics requires leveraging marginal spaces, providing support and solidarity, and giving power to underrepresented voices.Reading extensively is essential for improving writing skills and understanding the conventions and language used in specific fields.Collaboration and creative partnerships with faculty and researchers are valuable for individual growth and advancing the field of economics.00:00 Introduction and Background03:17 Path to Economics06:37 Starting Standard Era Research Editors09:27 The Importance of Inclusion in Economics11:17 Challenges of Being an Entrepreneur14:40 Types of Clients and Services Offered15:37 The Value of Editors23:47 Supporting Unheard Voices28:24 Improving the Profession for Women Economists31:21 Leveraging Marginal Spaces35:08 Giving Power and Solidarity38:21 Organizations Supporting Women Economists41:04 Translation Challenges41:59 Tips for Improving Writing Skills42:32 Conclusion and Appreciation Get full access to Decode Econ at www.decodeecon.com/subscribe

In this enlightening episode, Dr. A sits down with Dr. Claudia Sahm to discuss the state of the U.S. economy, the impact of the pandemic, and the importance of long-term investments. Claudia shares her economic journey, passion for making a difference through policy, and advice for the next generation of economists. The conversation also touches on the challenges of creating a more inclusive and diverse field of economics.Key Topics Covered:State of the U.S. Economy Claudia's insights into the economic disruptions caused by the pandemic and the subsequent recovery. Discussion on inflation, labor market improvements, and consumer sentiment.Claudia's Journey in Economics The influence of her early education and mentors on her career path. Claudia's commitment to using economics for good and addressing societal challenges.Policy Making and Long-term Challenges The importance of long-term investments over short-term gains. Claudia's perspective on fiscal policy, the deficit, and the need for prioritizing investments in children and the environment.The Sahm Rule The development and impact of the Sahm Rule as a recession indicator.Advice for Aspiring Economists The versatility of an economics degree and the importance of engaging with real-world data. Claudia encouraged students to explore diverse perspectives and contribute to economic policy.Diversity and Inclusion in Economics The need for more diverse perspectives in the field. Claudia's experiences with mentoring and advocating for an inclusive environment.Engaging with Claudia's Work How listeners can follow Claudia's insights on her Substack and Twitter. Advice on content creation and building a presence in the economics community.- Claudia Sahm on Twitter: @Claudia_Sahm- Claudia Sahm's Substack: Stay At Home MacroStay-At-Home Macro (SAHM): My goal is to make economic policy and macroeconomics better.By Claudia Sahm Get full access to Decode Econ at www.decodeecon.com/subscribe

In this special Women's History Month episode of "Economics with Dr. A," hosted by Dr. Abdullah Al Bahrani, we dig into the remarkable legacy of Sadie Alexander, the first Black woman to earn a PhD in economics. Featuring insights from Princess Nworah's recent experience at the Sadie Collective conference, we explore the profound impact Sadie Alexander and the Collective have had on young economists today.Host: Dr. Abdullah Al BahraniGuests: Princess Nworah, with contributions from Fawwaaz and AntowanEpisode Highlights:1. Introduction to Women's History Month SeriesDr. Al Bahrani introduces the focus on “women who inspire us” series, starting with Sadie Alexander.2. Sadie Alexander's LegacyDiscussion on Sadie Alexander's pioneering achievements and lasting influence in economics.3. The Sadie CollectiveBackground on the Sadie Collective, founded by Anna Gifty and Fanta Traore, and its role in mentoring and inspiring young economists. A previous interview with Fanta Traore is mentioned, linking to the Econ Games speaker series.4. Princess Nworah's ExperiencePrincess shares her transformative experience at the Sadie Collective conference, her journey from Nigeria to studying economics in the US, and the shift in her academic focus towards math and statistics inspired by the conference.5. Mentoring and AspirationsDiscussion on the importance of mentoring, community, and role models in economics. Princess outlines her aspirations and plans to bring more students to the next Sadie Collective conference.6. Career Fair and Networking OpportunitiesInsights into the career fair at the Sadie Collective conference, highlighting the tailored opportunities for students in economics, data science, and policy research.7. Key Takeaways and InspirationsPrincess and Dr. Al Bahrani discuss key learnings from the conference, including the importance of self-care, ambition, and community support in pursuing economic studies and research.8. Looking Ahead: Goals and Research InterestsPrincess expresses her interest in exploring feminism and economics, inspired by the conference to pursue a PhD and conduct research that addresses critical questions about economic improvement and gender disparities.9. Acknowledgments and ThanksSpecial thanks to the Sadie Collective, Anna Gifty, and Fanta Traore for their mentorship and impact on students like Princess and Aro. Dr. Al Bahrani reflects on the role of mentorship in his students' lives and the importance of the Sadie Collective in providing a platform for young economists.Resources and Links:- Link to the interview with Fanta Traore as part of the Econ Games speaker series. https://www.youtube.com/watch?v=Hymdh0BuKKI&t=882s - Sadie Collective website and information on how to get involved or attend future conferences https://www.sadiecollective.org/  Get full access to Decode Econ at www.decodeecon.com/subscribe

Episode Overview:In this episode of Econ with Dr. A, Dr. Abdullah Al Bahrani, an Associate Dean and Associate Professor of Economics at the Haile College of Business, dives deep into the personal impacts of macroeconomic changes, with a spotlight on the inflation crisis in Nigeria and its repercussions on students. Joined by students Michael, Fawwaaz, and Fred, the discussion unfolds the real-world implications of economic theories, focusing on the soaring inflation rates in Nigeria and their direct effect on the students' lives and education.- Michael Bawaji: A sophomore studying engineering physics and mechatronics engineering technology at NKU, and the 2024 sophomore junior homecoming king. - Fred Smal: Also a sophomore at NKU and a fellow under Dr. A, Fred brings a personal connection to South Africa and reflects on his observations of the economic challenges faced by his peers from Nigeria.- Fawwaaz: A research assistant at Northern Kentucky University, Fawwaaz is deeply involved in research on economic issues, including the integration rates of immigrants in the USA. He brings to the table a firsthand perspective on the challenges international students face due to inflation in their home countries.1. Personal Impacts of Inflation: The conversation begins with a focus on the personal experiences of students from Nigeria, detailing how the rampant inflation rate, hitting 28.9%, and the consequent rise in the cost of living and education, affects them directly. Michael and Fawwaaz share their struggles with the depreciating value of the Nigerian Naira and the financial burdens it places on their families.2. Economic Analysis: Dr. A analyzes the situation by discussing the causes behind the inflation in Nigeria, including government reforms and the removal of subsidies. The discussion delves into the broader implications of these economic policies, such as increased transportation and energy prices, and the attempts to balance the budget and reduce government debts.3. Global Context: The conversation contextualizes the Nigerian situation within a global framework, drawing parallels with other countries facing similar economic challenges, such as Argentina. This global perspective underscores the universality of economic challenges and the importance of understanding macroeconomic principles.4. Educational Impact: The dialogue also covers the significant impact of inflation on educational expenses for international students, with tuition rates effectively increasing by over 100% for Nigerian students due to currency depreciation. This part of the discussion highlights the additional hardships faced by students in accessing education abroad.5. Policy Implications and Hope: The episode wraps up with a look at the potential policy measures to mitigate these economic challenges and the importance of hope and economic education in navigating through economic crises. The guests and Dr. A discuss the role of government communication in maintaining public trust during economic downturns.The TakeawayThis episode of Econ with Dr. A not only sheds light on the statistics behind inflation but also humanizes the economic discussion by bringing forward the stories of those directly affected. It serves as a reminder of the real-world consequences of economic policies and the resilience of students facing these challenges head-on. Get full access to Decode Econ at www.decodeecon.com/subscribe

Host: Dr. Abdullah Al Bahrani, Associate Dean and Associate Professor of Economics at the Haile College of Business.Introduction: In this episode, Dr. Abdullah revisits the origins of the "Economics with Dr. A" channel, celebrating the growth of the community, the impact of social media on content creation, and the future direction of the platform. Joined by team members Grace McConn, Fawaaz Abdulaziz, and Antowan Batts, the episode dives into personal insights, the transformative power of educational content, and the community's role in shaping the future of economics education.Key Highlights:1. Origins of Econ with Dr. A: Dr. Abdullah shares the story of starting the channel during the COVID-19 pandemic as a response to the challenges of online education and the negative perception of digital learning. His journey into content creation was fueled by the desire to engage students on platforms where they already spent their time, like YouTube and TikTok.2. Team Contributions: The episode underscores the vital contributions of team members Grace, Fawaz, Antoine, Fred Small, and Keisha Francisco. Their involvement has been instrumental in identifying audience preferences and shaping the channel's content.3. Community Growth: Dr. Abdullah celebrates reaching 12,000 YouTube subscribers and discusses the importance of community in overcoming challenges in content creation and social media.4. Future Directions: The conversation explores the evolving focus of the channel, moving beyond strictly economic concepts to include a wider range of topics driven by curiosity and the interests of the community.5. Personal Insights from Team Members:   - Grace McConn discusses the transition of content due to the pandemic and the importance of engaging educational methods.   - Fawaaz Abdulazeez reflects on the sense of community and belonging the channel provides.   - Antowan Batts highlights the inclusivity and diversity of the content, emphasizing the importance of representation in economics.6. Challenges and Learning: Dr. Abdullah shares insights on overcoming imposter syndrome, the value of teamwork in content creation, and the personal growth and creative expression he has experienced through the project.7. Rebranding Considerations: The discussion touches on the potential need to rebrand "Econ with Dr. A" to better reflect its community-driven nature and broadened focus beyond economics.Conclusion: The episode not only celebrates the journey and successes of "Economics with Dr. A" but also opens up a conversation about the future, inviting the community's input on rebranding and the direction of content. The emphasis on community, diversity, and the pursuit of curiosity underscores the channel's commitment to evolving with its audience.Listener Engagement: Listeners are encouraged to share their thoughts on potential rebranding and what topics they would like to see covered in future episodes, emphasizing the collaborative spirit of the Econ with Dr. A community. Get full access to Decode Econ at www.decodeecon.com/subscribe

Disclaimer: Please take this note as a playful guide intended to sprinkle a bit of humor on the often overwhelming expectations of Valentine's Day. It's not professional romantic advice, and should you choose to follow it, especially the part about celebrating love a day late, do so with a sense of humor and a readiness to embrace the consequences. Always remember, every relationship is unique—proceed with caution, laughter, and a backup plan just in case.Valentine’s Day is here, and with it comes the annual flood of overpriced dinners, sold-out flower shops, and the last-minute panic for those who just remembered what day it is. But what if I told you that the real celebration is waiting just around the corner on February 15th? That's right, the day after Valentine’s Day, when love doesn't need a reservation, and the price tags on those giant teddy bears don’t make you do a double-take.Let’s talk economics—but keep it fun. Celebrating love on February 15th is like hitting the jackpot for anyone who’s ever sighed at a restaurant menu priced "per couple" on V-Day. Suddenly, those fancy chocolates that were behind a glass case on the 14th are now up for grabs at a price that doesn’t make you question your life choices. It’s the universe giving us budget romantics a wink, saying, “I got you.”Remember trying to book a table for Valentine’s? If you didn’t do it by January, you were probably out of luck or stuck with the 4:30 PM or 11:00 PM slots. But on February 15th, the world is your oyster (and you can probably get a table to actually order oysters without the three-week wait). It’s the day when love doesn’t need a reservation—literally.Here’s a little secret: love doesn’t expire at midnight on February 14th. Shocking, I know. Celebrating on the 15th is our little rebellion against the calendar, a way to say, “Hey, love’s got its own timetable, and it didn’t get the memo about being a one-day-only event.” It’s about the joy of finding someone whose company you enjoy so much that you realize, hey, discounted chocolates taste just as sweet, especially when you’re not elbowing through a crowd to get them.Choosing to celebrate on February 15th is our playful stand against the Valentine’s Day industrial complex. It’s for those of us who find a little thrill in zigging when the world zags. Plus, there’s a certain charm in handing over a bouquet of flowers that says, “I waited an extra day so I could get you twice as many.” If that’s not love, what is?So, to all my fellow romantics, bargain hunters, and anyone who just forgot to make plans until it was too late—February 15th is our day. It’s a reminder that love is not defined by a date or measured by how much you spend, but by the laughter, the shared half-price chocolates, and the joy of saying, “I still love you,” even when the rest of the world has moved on from their over-the-top expressions of love.Let’s embrace the 15th as a day to celebrate love in its most genuine, slightly cheeky form. Because honestly, love is too big to be contained to just one day. Plus, who can say no to discounted candy?Here’s to love, laughs, and enjoying the sweet deals of post-Valentine’s Day together. Cheers!The Economics of Showing Your LoveNo Reservations NeededLove Isn’t a One-Day DealGoing Against the GrainLove, Laughs, and Leftover Chocolates Get full access to Decode Econ at www.decodeecon.com/subscribe

This week’s conversation is with Dr. Sandra Spataro, Professor of Management and Director of the Master of Business Leadership and Innovation at Haile College of Business. If you are a leader, or interested in leadership you do not want to miss this one. Subscribe to my newsletter to get weekly content similar to thishttps://www.withdra.com Introduction: (00:00 - 02:15)- Host: Dr. Abdullah Al Bahrani, Associate Professor of Economics and Associate Dean at Hale College of Business, Northern Kentucky University- Guest: Dr. Spataro, Professor of Management and Director of the Master of Business Leadership and Innovation (MBLI) Program- Setting: Haile College of Business, Verst Group Logistic Hub of Supply Chain Excellence at the Haile College of BusinessHighlights:1. Leadership Misconceptions: (02:16 - 06:25) - Dr. Spataro challenges the idea that leadership can't be taught, emphasizing that everyone has the potential to lead by connecting and influencing others.2. MBLI Program Overview: (06:26 - 14:15) - A personal journey of transformation, the MBLI program focuses on individual, team, organizational, and global leadership aspects, fostering personal growth alongside professional development.3. Dr. Spataro's Journey: (14:16 - 18:45) - From Stanford University to Silicon Valley and UC Berkeley, Dr. Spataro's path is marked by a blend of academic rigor and industry experience, culminating in a deep understanding of organizational behavior and industrial relations.4. Culture and Innovation: (18:46 - 24:10) - Discusses the intricacies of corporate culture, its impact on strategy, and how embedding innovation into a strong culture can lead to exceptional organizational performance.5. Cohort Assembly: (24:11 - 28:30) - Emphasizes the importance of assembling a diverse, dynamic cohort for the MBLI program, ensuring a rich learning environment where students learn as much from each other as from the curriculum.6. Challenges in Leadership: (28:31 - 34:55) - Highlights the evolving landscape of leadership, stressing the need for adaptability in the face of technological advancements like AI and changing workforce expectations.7. Personal Leadership Development: (34:56 - 38:20) - Dr. Spataro advises Dr. Al Bahrani to leverage his strengths in innovation, communication, and integrity, showcasing the personalized approach to leadership development in the MBLI program.8. Book Recommendations: (38:21 - 40:00) - Recommends various authors for those interested in deepening their understanding of leadershipConclusion: (40:01 - 42:00) Dr. Spataro's insights provide a comprehensive view of what effective leadership entails, the value of a supportive learning environment, and how personal and professional growth are intertwined in the journey of becoming a great leader.For more insights and to explore the MBLI program, visit https://www.nku.edu/academics/cob/programs/graduate/mbli.html or contact Dr. Spataro directly. Stay tuned for more episodes by subscribing to our channel and leaving your comments or suggestions for future interviews.Show links MBLI https://www.nku.edu/academics/cob/programs/graduate/mbli.html PD link https://www.nku.edu/academics/cob/Outreach-and-Engagement.html Bootcamp https://www.nku.edu/academics/cob/Outreach-and-Engagement/EconomicDevelopmentBootcamp.html Book recommendation Dare to Inspire by Holzer, Spataro, Baron https://amzn.to/3I4ZWL3 Dare to Lead. Brent Brown https://amzn.to/3OtyuKd The Five Dysfunctions of a Team: A Leadership Fable, Patrick Lencioni https://amzn.to/3HJ57Qs Hidden Potential, Adam Grant https://amzn.to/482QjXH Subscribe to my Newsletter https://draalbahrani.substack.com/ Twitter https://twitter.com/EconWithDrAInstagram https://www.instagram.com/EconwithDrA/Linkedin http://linkedin.com/in/draalbahrani/ Get full access to Decode Econ at www.decodeecon.com/subscribe

On December 21st, 2023, Robert Solow, an excellent economist and a true humanitarian, passed away. As we reflect on his remarkable life and contributions, we would like to celebrate his legacy and shed light on his insights as an economist and a compassionate thinker who cared deeply about societal issues. Get full access to Decode Econ at www.decodeecon.com/subscribe

The Haile Fellows kick off their podcast. Learn more about how they started this project and the culture we have developed. Get full access to Decode Econ at www.decodeecon.com/subscribe

A recent analysis by the ⁠Wall Street Journal⁠ sheds light on a concerning trend: the time between graduation and employment for Ivy League MBA graduates is widening. Harvard Business School reported that 20% of its job-seeking 2023 M.B.A. graduates were still on the job hunt three months post-graduation, a notable increase from 8% in 2021. Similar patterns are observed at Stanford's Graduate School of Business and the Massachusetts Institute of Technology's Sloan School of Management.Historically, an MBA was viewed as a robust investment, often guaranteeing a lucrative return through high-salary roles shortly after graduation. The more prestigious the institution name, the higher the tuition, and higher the demand for their graduates. The landscape, however, is evolving. A significant portion of recent MBA graduates, including those from top-tier institutions, find themselves in a prolonged job-hunting limbo, marking a stark contrast from the trends observed just a few years prior.The root of this shift can be attributed to several factors: Industry Dynamics: Key sectors traditionally known for absorbing MBA talent — consulting, tech, and finance — are witnessing a noticeable dip in hiring rates.  Experience Over Pedigree: The corporate world is increasingly prioritizing hands-on experience over academic credentials. This shift places career switchers, who sought an MBA as a transformative stepping stone, at a disadvantage. Macro-economic Signals: This trend might also be symptomatic of a broader slowdown in the labor market, with the effects first manifesting in white-collar job sectors.What's behind this shift?Listen in Get full access to Decode Econ at www.decodeecon.com/subscribe