Episodes

Burgernomics describes what happens to the price of products & services when Dynamic Pricing and A.I. are combined.

Dynamic Ticket Pricing personalises the airline ticket price you are being quoted based on the trail of your personal information which can be data mined. It is a system which maximises revenue for the airline industry and is widely used overseas.

Welcome to the latest episode of Burgernomics! Today, we delve into the harsh reality that economics, not notions of good or evil, often dictates the outcome of wars. Recent developments, including Vladimir Putin allocating a staggering one-third of Russia's economic output to defense, highlight the economic dimension of modern warfare. Key Points: Russia's Economic Commitment: Putin directs 33% of Russia's economic output to defense, amounting to $820 billion annually, 15 times more...

Ukraines Battlefield Economics. Tactics When Your Enemy Has More. Retired Major General Mick Ryan takes us for a journey through the battlefields of Ukraine, the tactics, planning and munitions supply status. The economic theories of ‘supply & demand’ and the ‘allocation of scarce resources’ couldn’t be more applicable to the life and death struggle of war on a battlefield. A battlefield comprises adversaries who attempt to kill each other to occupy land and become victorious. This requires m...

Follow the beef money trail in 150 seconds. Beef producers doing it tough, supermarkets making huge beef profits, while cost of living increases smash their customers. Using basic economic principles to provide an insightful cut through of Australia's beef situation guaranteed to make you the instant expert.

Beef prices paid to the farmer have dropped 46% in 15 months. However retail prices for beef have not dropped anywhere near 46%. Why hasn’t the beef price drop been passed through to retail prices? Angus Gidley-Baird Senior Proteins Analyst for Rabo Bank and Burgernomics Podcast host Ross MacDowell explore the economic forces effecting Australia’s beef supply chain.

Low Earth Orbit Satellites are providing Australians the broadband service the NBN hasn't. This 96 second podcast makes you an instant expert on Low Earth Orbit Satellites. Great for dinner party conversations or to impress your boss. For a detailed examination of LEO's with telecommunications expert Paul Budde, please listen to the preceding podcast, Low Earth Orbit Satellites. Providing services NBN & Telstra promised but never delivered.

Podcast Discussion Points What are LEO’s and why are they so revolutionary? LEO benefits to the NBN. Why hasn’t the NBN delivered the internet service originally promised? LEO vs land based internet infrastructure? Price and speed comparison. Is launching a low earth orbit satellite less expensive than building land based infrastructure? Could LEO’s deliver all of Australia’s total internet requirement? Is 5g broadband an alternative to NBN fixed wire? Is the Australian ...

Connor Slattery is an expert valuer and auctioneer for Abbeys Auctions, a company that specialises in clearing houses of their contents. Downsizing, deceased estates and decluttering, Connor has seen and valued it all! Households spend thousands of dollars on furniture, collectables and household items, but what has happened to their value? Connor Slattery and Burgernomics host, Ross MacDowell discuss; How the law of supply & demand diminishes the value of your household items. Why the ...

A 100 second cheat note guide to Australia's development relying on organisations that were monopolistic.

Professor Allan Fels, inaugural Chairman of the Australian Competition & Consumer Commission discusses with Burgernomics host Ross MacDowell the realities of policing restrictive business practices that harm Australian consumers. If the law of supply and demand is operating efficiently, how can monopolies exist? Prof. Fels’ defines a monopoly and discusses how some of Australia’s leading organisation maybe monopolies. Has the deregulation of Australia’s telecommunication industry worked for t...

House prices are a function of the law of supply & demand. Why did the RBA create the demand for which it is named the villain? But that's only half the supply & demand equation. Who takes the responsibility for house supply? A 146 second cheat sheet that will make you sound the economic expert on Australia's housing affordability.

Peter Maddison, host of the award winning television series Grand Designs discusses Australian housing affordability. Attitudes will need to change regarding the style & size of Australian housing. This will effect how Australians perceive housing affordability. The new future direction of Australian home design. Effects on housing supply of the local government planning process. Costs of societal and government sustainability expectations. Inflationary impact on home building budgets Dive Deep...

Australia’s renewable energy debate is a dizzying, multi faceted topic. Highly emotive arguments are forcefully voiced, each declaring theirs is the only rationale argument. Any disagreement can label you a climate denier or woke or capitalist. This 185 second cheat note provides a quick overview of the main issues in transitioning Australia to renewable energy. Adam Smith's concept of the ‘invisible hand’ is used to explain how the resources will be allocated for Australia's transition to renew...

Renewable energy can only be 100% implemented in Australia when its costly transmission infrastructure has been erected. This will keep power bills high for decades. But this community cost should be offset by massive export opportunities of both renewable energy & net zero produced products.

Burgernomics host, Ross MacDowell summarises how the airlines Dynamic Ticket Pricing Model is now being adopted by the live entertainment industry. The system adjusts ticket prices based on supply and demand, but while musicians like Bruce Springsteen and Taylor Swift are jumping on board, music promoters are hesitant due to a potential customer backlash. This 80 second summary is great for dinner party conversation, impressing your boss or just because you need to understand why we pay what we ...

Michael Newton, founder of A Day On The Green, provides an exclusive backstage pass to the economics of staging 500 live outdoor shows with 4 million ticket sales. Elton John, Rod Stewart, Rick Astley, Fleetwood Mac, Bryan Ferry and every headlining Australian music act you can think of have performed at A Day On The Green venues around Australia and New Zealand. The risk, complexity and uncertainty of staging outdoor shows in Australia’s $17 billion live performance industry isn’t for the fain...

Working From Home In 156 Seconds. Burgernomics host Ross MacDowell explains how both employees and companies have changed their attitudes toward employees working from home. A 156 second 'cheat note' great for dinner party conversation, impressing your boss or just because you need to understand where hybrid working maybe headed. After the 'cheat note' listen to Australia’s leading hybrid working expert, Professor Mark Wooden of The Melbourne Institute Of Applied Economic And Social Research discuss Hybrid Working. The Good, The Bad And The Unknown on the Burgernomics Podcast.

Professor Mark Wooden from the Melbourne Institute of Applied Economic and Social Research and Burgernomics host, Ross MacDowell discuss working from home, hybrid working and the Great Resignation. Does productivity increase or decrease when working from home? Is hybrid working a temporary post COVID phenomenon? Will employees be forced back to offices when unemployment rises back to average levels and employees loose their current bargaining power? Have we seen the irreversible dec...

Falling House Prices. Should I feel less wealthy in 98 seconds. Burgernomics host Ross MacDowell explains the Wealth Effect and it’s relationship to house prices. How falling house prices are being caused by interest rate rises which then effect our emotions and spending. Where are mortgage rates heading? A 98 second 'cheat note' great for dinner party conversation, impressing your boss or just because you need to understand where your standard of living is headed. After the 'cheat note', listen...

Dr Brendan Rynne, KPMG Chief Economist and Burgernomics host, Ross MacDowell discuss 'The Wealth Effect' when we increase our spending based on our homes rising value, which recently have skyrocketed. Interest rates have risen and our home's price has dropped. We should feel anxious and reduce our spending....but we haven't! Why not? Does this mean interest rates will continue to rise? Is an increase in unemployment a possibility? How long before interest rates stabilise, house prices stop dropp...

A non traditional view of the 2022 Australian Federal Government Budget. Burgernomics host Ross MacDowell explains the different types of budgets, their accuracy in predicting government income & expenditure and their effect on our economy.

Plumbers earning similar incomes to G.P's in 95 seconds. Burgernomics host Ross MacDowell discusses how the incomes of plumbers has converged toward highly educated doctors. A 95 second 'cheat note' great for dinner party conversation, impressing your boss or just because you need to understand why a visit from the plumber usually costs more than a visit to your G.P. After this 'cheat note', listen to the full episode when Prof Jeff Borland of The University Of Melbourne and Ross MacDowell come ...

Plumbers incomes have quickly converged toward that of general practitioners, yet it’s a lot easier and less expensive to become a plumber than a doctor. How have  Australia’s labour markets rapidly increased incomes of plumbers, who stop our tap dripping, compared to doctors, who prolong our life? Burgernomics host, Ross MacDowell discusses with The University Of Melbourne’s Truby Williams Professor Of Economics, Jeff Borland how labour markets price various jobs.