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Posts in Microeconomics

Bar Tzabary, "Johnny"

Useful for status quo bias, risk-averse behaviour.

MicroeconomicsWayne GeerlingAugust 26, 2021

Elf's Lament - Bare Naked Ladies

Useful for labor markets and supply curves.

MicroeconomicsBrian ORoarkAugust 26, 2021derived demand, opportunity cost, labor markets, union

Forget You

Useful for common goods and cost benefit analysis.

Microeconomics, Personal FinanceBrian ORoarkMay 3, 2021common good, free rider, cost benefit, demand and supply, public goods, scarcity, tradeoffs

Paperback Writer

Useful for labor markets and competition.

Microeconomics, Electives, Labor/TradeBrian ORoarkMay 3, 2021competition, cost benefit, labor markets

We Can Work It Out

Useful for sunk costs.

MicroeconomicsBrian ORoarkMay 3, 2021sunk costs, dimin, cost benefit

BTS, "I Need U"

Useful for loss aversion and sunk costs.

MicroeconomicsWayne GeerlingDecember 21, 2020addiction, inelastic demand, sunk costs, loss aversion, decision making, irrationality, rationality, K-pop

Jennie, "Solo"

Useful for rational decisions.

MicroeconomicsWayne GeerlingDecember 20, 2020rational decision making, selfish, marginal cost, marginal benefit, sunk cost fallacy, K-pop

Joyner Lucas, "Snitch"

Useful for prisoner's dilemma.

MicroeconomicsWayne GeerlingNovember 25, 2020prisoner’s dilemma, game theory, nash equilibrium, dominant strategy, confess, cooperation

BLACKPINK, "How You Like That?"

Useful for ultimatum game.

MicroeconomicsWayne GeerlingNovember 22, 2020ultimatum game, behavioral economics, Nash equilibrium, fairness, experiments, K-pop

Yoon Mirae, "Flower"

Useful for altruism.

MicroeconomicsWayne GeerlingNovember 21, 2020behavioral economics, altruism, reciprocal, inequity averse, K-drama, payoffs

Twice, "More and More"

Useful for optimal choice bundles in consumer theory.

MicroeconomicsWayne GeerlingNovember 19, 2020indifference curve, completeness, transitivity, diminishing marginal utility, budget constraint, optimal choice, K-pop

BTS, "Seesaw"

Useful for cordination games.

MicroeconomicsWayne GeerlingNovember 19, 2020nash equilibrium, coordination, communcation, signaling, simultaneous games, sequential games, K-pop