Useful for opportunity cost, diminishing returns to income
Read MoreUseful for discussing specialization, comparative advantage and division of labor.
Read MoreUseful for discussing taxes, public finance and personal finance.
Read MoreUseful for status quo bias, risk-averse behaviour.
Read MoreUseful for labor markets and supply curves.
Read MoreUseful for common goods and cost benefit analysis.
Read MoreUseful for labor markets and competition.
Read MoreUseful for sunk costs.
Read MoreUseful for income inequality and charity.
Read MoreUseful for the financial crisis and principal-agent problem.
Read MoreUseful for loss aversion and sunk costs.
Read MoreUseful for rational decisions.
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