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Does Dynamic Ticket Pricing used by airlines lead to the passenger sitting next to you having paid a different price for their seat? Airlines are masters at gathering data. They can harvest your frequent flyer data and track your computer searches via cookies. How often is this data used to ‘tailor’ the price of your ticket? Can airline’s trawl your LinkedIn account matching a conference you may need to fly to and charge you more for that airline ticket? Is it common for an airline's app to show a different price than their own website?  Methods airlines use in maximising revenue or reducing costs. Algorithms that at pre defined time assess whether passenger numbers on a flight aren’t great enough to meet revenue targets so automatically cancel a flight. What effect will artificial intelligence have on ticket pricing? Tips & tricks to reduce your exposure to higher ticket prices created through Dynamic Ticket Pricing. Who provides the best ticket price, availability and choice of cabin class, the travel agent or the airline site or a 3rd party booking site?

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 than Australia's projected defense expenditure. The move underscores the role of economic decisions in shaping military capabilities and strategies. Volunteer Soldiers and Economic Incentives: Russian volunteer soldiers enticed by substantial pay, earning four times the average monthly salary, will contribute to the military force. Families of soldiers receive significant compensation if killed, creating a unique economic dynamic in the armed forces. Labor Shortages and Economic Impact: The influx of men into the army leads to severe labor shortages across Russia, affecting not only the military but also the broader economy. Even penal colonies are tapped for labor, illustrating the extent of the workforce mobilization. Economic Adaptability:Russia's ability to redirect civilian production instantly for wartime needs contrasts with the challenge faced by market-based economies like Australia, which require years to shift supply chains to defense production. Chinese Naval Power:A sobering thought from The Wall Street Journal: One Chinese nuclear submarine and civilian shipyard launch more ships annually than the entire U.S. in the last 30 years, emphasizing the global economic and military landscape. Conclusion: Economic decisions play a pivotal role in determining military success.  Thank you for tuning in to Burgernomics! If you enjoyed this episode, don't forget to subscribe, leave a review, and stay tuned for more intriguing conversations. 

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 munitions and men. Victory is usually guaranteed to whomever has unlimited munitions and soldiers. But neither Russia or Ukraine have unlimited military resources. Two main economic principles will determine the battlefield victor. Firstly, who can best supply munitions to their troops to satisfy their demand, allowing them to achieve their battlefield objectives. Secondly, how politicians and commanders distribute the limited munitions for maximum effect  is crucial. Make tactical mistakes and those munitions are wasted Maj. Gen. Ryan discusses the tragic global ramifications if the West was to prioritise munitions for Israel’s war in Gaza over the war in Ukraine. He also outlines Australia’s current defence vulnerability in the face of our most critical strategic threats since World War 2. Mick Ryan takes the Burgernomics Test detailing the effects on the simple hamburger of the Ukraine / Russian war. Dive Deeper Articles relating to the economics of the battlefield. https://edition.cnn.com/2023/09/17/europe/ukraine-shell-supplies-intl/index.html https://www.economist.com/special-report/2023/07/03/the-war-in-ukraine-shows-how-technology-is-changing-the-battlefield https://www.mca-marines.org/wp-content/uploads/January-2021-2.pdf

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 Government preparing to sell the NBN after writing down its value by $31bn? The effects of low earth orbit satellites on a hamburger. Dive Deeper Paul Budde's broadband blog. https://paulbudde.com/category/blog/nbn-ftth-broadband/ Starlink Availability https://www.starlink.com/map Vocus Starlink https://www.vocus.com.au/enterprise/connectivity/satellite-services/vocus-satellite-starlink?utm_campaign=fy23-starlink-dg&utm_medium=cpc&utm_source=google&utm_content=satellite&gclid=EAIaIQobChMInubhvY-GgAMVyKGWCh2Crgz4EAAYASAAEgL1xPD_BwE&gclsrc=aw.ds Asian Development Bank article on LEO's https://www.adb.org/news/features/five-ways-low-earth-orbit-satellites-impact-asia-pacific

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 value of antiques has plummeted 60% over the previous 8 years. How the decreasing size of Australian households is reducing the price of your furniture. Why charities no longer want your furniture. How the cost of transporting furniture can be more than the value of the furniture. Why floral patterned furniture is worthless. How Net Zero will affect the price of household furniture. Why the recycling trend doesn’t currently extend to household items. How artificial intelligence will affect the furniture sales business. The importance of factoring in ones personal time to value the sale of household items. Dive Deeper ABBEYS AUCTIONS https://abbeysauctions.com.au/house-clearance/managing-a-property-clearance/ CHARITIES ACCEPTING HOUSEHOLD BELONGINGS & FURNITURE West Welcome Wagon - Supporting Asylum Seekers https://www.westwelcomewagon.org.au/ Eastern Emergency Relief Network https://easternemergency.org.au/ Western Emergency Relief Network https://wern.org/ https://www.rotarydistrict9800.org.au/stories/rotary-inner-melbourne-emergency-relief-network-needs-members

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 the consumer?  Did the government create another telecommunications monopoly with the NBN? Australia’s 4 pillar banking system. Is it an oligopoly?  How was it allowed to operate with the practices that led to a Royal Commission? What benefits does this banking system offer Australians? How recent US private bank collapses empower Australian banks to maintain their oligopoly unchallenged. Areas where policing restrictive trade practices legislation has been weak and how it could be improved to better protect Australians. Some colourful stories of blatant corporate misdeeds. The increasing number of criminal prosecutions sending corporate executives to prison. How the hamburger industry seems safe from anti competitive behaviour. Dive Deeper Adam Smith. A Wealth Of Nations https://www.amazon.com.au/Wealth-Nations-Adam-Smith-ebook/dp/B08NPXBLYQ/ref=sr_1_1?crid=1FE3YQUVDK1PM&keywords=Adam+Smith+A+Wealth+Of+Nations&qid=1682218897&s=digital-text&sprefix=adam+smith+a+wealth+of+nations%2Cdigital-text%2C281&sr=1-1 Allan Fels. A Portrait Of Power. Fred Benchley https://www.amazon.com.au/Allan-Fels-Portrait-Fred-Brenchley/dp/1740310705/ref=sr_1_1?crid=1L4B9GRCH4QXQ&keywords=Allan+Fels.+A+Portrait+Of+Power.&qid=1682218847&s=digital-text&sprefix=allan+fels.+a+portrait+of+power+%2Cdigital-text%2C266&sr=1-1 Tough Customer: Chasing a better deal for battlers. Allan Fels https://www.amazon.com.au/Tough-Customer-Chasing-better-battlers-ebook/dp/B07XP68Z9V

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 Deeper Grand Designs Australia https://www.foxtel.com.au/watch/grand-designs-australia.html Peter Maddison https://www.google.com/search?q=Peter+Maddison&si=AMnBZoG3cRyxvViEiVWeqgrn-CuWcnxp6_6_G7EH225wAKYHQtUpkP6_1YM8RtRdXNdQ_OWLyGDGCr5ifUSoxGIa3LJn8FjoXo_BKBIYmP2Jio0Im1jSl-CrZRM6Hsj_T-sHotWg9xe9qxH901XmL5JOuvkI4FIR8V_-RXsF9LALCwyPD_pkuN68ormamT9XQQ_rzVrosEj3Hoq3FkTqKR2GmNrnbMrTWg%3D%3D&sa=X&sqi=2&ved=2ahUKEwj31a3Kpo_-AhUYSGwGHYKhAw4QmxMoAHoECEgQAg&biw=1295&bih=783&dpr=2 Maddison Architects https://www.maddisonarchitects.com.au/profile Where Should We Build New Housing? Better Targets For Local Councils. Dr Peter Tulip https://www.cis.org.au/publication/where-should-we-build-new-housing-better-targets-for-local-councils/