Understand Folgen

Do you know your Blockchain from your Bitcoin, or your Virtual reality from your Augmented Reality? Are you clueless about AI but are worried it might take your job?If so, you’ve come to the right place.Welcome to Understand: Tech and AI.The pace of change in technology is daunting - and new developments are happening all the time. Artificial Intelligence has exploded into the public consciousness. So it’s ever-more important for us to understand where these technological enhancements are coming from and how we can best use them.In each episode we'll demystify all the technology that’s become part of all our daily lives, and take the sting out of those buzzwords that tech companies are so fond of.On Understand Tech and AI we’ll take one concept per episode, explain what it is and what it does - without any technical jargon - so that you can get a better grasp of the technology that’s in your hand, on your desk or in your living room.Welcome to Understand: Tech and AI from BBC Radio 4. Subscribe now on BBC Sounds.Presenter: Spencer Kelly Producers: Ravi Naik and Nick Holland Editor: Clare Fordham

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 MusicA BBC Long Form Audio Production for BBC Radio 4

Collectively, our individual financial decisions have a big impact on what the wider economy does. That includes how we manage our own money, including what we buy and how we buy it. One way we make large purchases, smooth out big bills and sometimes just spend some cash we can’t afford - is credit. In this episode Dr Victoria Bateman looks back to the Tallyman in the 19th century, a very early way of shopping with credit. We’ll explore what exactly credit is and how we use it. Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news such as 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: Prof John Gathergood, Professor of Economics at the University of Nottingham Producer: Louise Clarke-Rowbotham Researcher: Beth Ashmead-Latham Technical Producer: Nicky Edwards Editor: Clare Fordham Theme music: Don’t Fret, Beats Fresh MusicA BBC Long Form Audio Production for BBC Radio 4. This programme has been edited to change a section of music.