Apr 10, 2021

NGPF Podcast: Mary Clare Peate and Roman Hardgrave of Marginal Revolution University on the science of learning

Mary Clare Peate and Roman Hardgrave join the NGPF podcast this week with Tim to discuss their economics curriculum, a cool tool called EconInbox and their favorite resources to stay current in the fast changing world of economics. Enjoy! 


  • 0:00~0:24 Introduction
  • 0:24~7:27 Current Events with Missbehelpful: The Creator Economy
  • 7:27~7:55 A word from NGPF
  • 7:55~9:45 Introducing this week’s guests: Mary Clare and Roman from Marginal Revolution University
  • 9:45~16:37 Early money lessons
  • 16:37~18:52 MRU’s curriculum offerings
  • 18:52~23:01 The latest science on learning
  • 23:01~25:05 How EconInbox works
  • 25:05~28:15 How MRU lessons are formatted
  • 28:15~30:15 Creating interactive lessons
  • 30:15~37:43 Incorporating personal finance topics
  • 37:43~40:12 Staying as current as possible
  • 40:12~41:06 Cost of MRU material -- it’s free!
  • 41:06~41:55 A word for educators
  • 41:55~43:00 Conclusion



  • “There’s so many underlying principles of economics that are so easy to apply into the personal finance realm. Thinking on the margin, opportunity costs, cost-benefit analysis, trade-offs, all of these things are so important when you’re learning personal finance.” -Mary Clare

  • “Economics is in every decision you make, even if you don’t realize it. And so, we think that learning economics helps people make better decisions that help them be better citizens.” -Roman

About the Authors

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.

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