Music 4 Econ
Home
Microeconomics Macroeconomics AP ECON / Foundations Labor/Trade Personal Finance
A Simple Plan to Teach Consumer Choice American Saturday Night Amish Paradise (Technology) And the Money Kept Rolling In Paradise (Types of Goods) Privilege to Pee (Water Rights) Shoes Thrift Shop Video Killed the Radio Star
Submit an Idea Why Do This? Subscribe About
Home Clips Microeconomics Macroeconomics AP ECON / Foundations Labor/Trade Personal Finance How to teach A Simple Plan to Teach Consumer Choice American Saturday Night Amish Paradise (Technology) And the Money Kept Rolling In Paradise (Types of Goods) Privilege to Pee (Water Rights) Shoes Thrift Shop Video Killed the Radio Star Why Submit an Idea Why Do This? Subscribe About
Music 4 Econ
Music 4 Econ

BTS, "I Need U"

Love, like other commodities, can be addictive. This addiction can sometimes leads us to make irrational decisions. In this song, BTS remind us of how sunk costs and loss aversion can make it hard to let go of something you are addicted to.

MicroeconomicsWayne GeerlingDecember 21, 2020addiction, inelastic demand, sunk costs, loss aversion, decision making, irrationality, rationality, K-pop
Facebook0 Twitter Tumblr 0 Likes
Previous

Alain Souchon, "Golden Parachute"

MacroeconomicsWayne GeerlingDecember 23, 2020financial crisis, great recession, golden parachute, subprime mortgage crisis, principal-agent problem, moral hazard, France
Next

Jennie, "Solo"

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