Understand

The Economy: 11. Pricing and Discounting


Listen Later

On one hand, we’ve all experienced the things we buy getting more expensive, from the price of fuel to a tub of butter. On the other hand, retailers desperately try to entice us to buy with discounts. Shops seem to constantly have their ‘best ever’ sales and there are days like ‘Black Friday’ when prices are slashed.

How can prices go up and up, and at the same time drop?

In this episode, Felicity Hannah speaks to Rupal Patel, Economist at the Bank of England, to de-mystify how prices work and figure out who has the power in the buyer seller relationship. Dr Victoria Bateman, economic Historian from the University of Cambridge brings us the history of bulk buying.

Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to help you understand the complicated terms and phrases you hear on the news. Inflation, GDP, National Debt, energy markets and more. We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills.

Guest: Rupal Patel, Economist at the Bank of England and co-author of ‘Can’t we just print more money? Economics in Ten Simple Questions’

Producer: Louise Clarke-Rowbotham
Researcher: Beth Ashmead-Latham
Technical Producer: Nicky Edwards
Editor: Clare Fordham
Theme music: Don’t Fret, Beats Fresh Music

A BBC Long Form Audio Production for BBC Radio 4

...more
View all episodesView all episodes
Download on the App Store

UnderstandBy BBC Radio 4

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

18 ratings


More shows like Understand

View all
Inside Health by BBC Radio 4

Inside Health

98 Listeners

The Bottom Line by BBC Radio 4

The Bottom Line

37 Listeners

Friday Night Comedy from BBC Radio 4 by BBC Radio 4

Friday Night Comedy from BBC Radio 4

2,128 Listeners

More or Less: Behind the Stats by BBC Radio 4

More or Less: Behind the Stats

895 Listeners

Ramblings by BBC Radio 4

Ramblings

155 Listeners

BBC Inside Science by BBC Radio 4

BBC Inside Science

400 Listeners

Page 94: The Private Eye Podcast by Page 94: The Private Eye Podcast

Page 94: The Private Eye Podcast

300 Listeners

Curious Cases by BBC Radio 4

Curious Cases

762 Listeners

Sliced Bread by BBC Radio 4

Sliced Bread

140 Listeners

WW2 Pod: We Have Ways of Making You Talk by Goalhanger

WW2 Pod: We Have Ways of Making You Talk

1,320 Listeners

Westminster Insider by POLITICO

Westminster Insider

31 Listeners

Sideways by BBC Radio 4

Sideways

87 Listeners

The Rest Is Politics by Goalhanger

The Rest Is Politics

3,036 Listeners

The Rest Is Politics: Leading by Goalhanger

The Rest Is Politics: Leading

839 Listeners

The Rest Is Politics: US by Goalhanger

The Rest Is Politics: US

2,211 Listeners