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Posts in Microeconomics

BLACKPINK, "Playing With Fire"

Useful for matching problems.

Macroeconomics, MicroeconomicsWayne GeerlingOctober 27, 2020risk aversion, imperfect information, risk loving, signaling, search costs, matching, tangible costs, K-pop, Korean

BTS, "Go Go"

Useful for present bias or hyperbolic discounting.

Microeconomics, MacroeconomicsWayne GeerlingOctober 26, 2020scarcity, externalities, savings, economic growth, present bias, utility, intertemporal bias, k-pop, korean

Joker Xue, "Ambiguous Love"

Useful for search costs and risk preferences.

MicroeconomicsWayne GeerlingOctober 25, 2020explicit costs, implicit costs, risk preference, search costs, materialism, negative sum game, suboptimal decision making, China

BLACKPINK, "Kill This Love"

Useful for sunk costs and loss aversion.

MicroeconomicsWayne GeerlingOctober 20, 2020sunk costs, loss aversion, decision making, marginal analysis, utility, K-pop, utility K-pop

Otis Redding, "Sittin on the Dock of the Bay"

Useful for resource usage and unemployment.

MicroeconomicsBrian ORoarkSeptember 1, 2020productivity, resource use, unemployment

Thomas Rhett, "Life Changes"

Useful for time preferences and opportunity costs.

MicroeconomicsBrian ORoarkSeptember 1, 2020demand, time preference, opportunity cost

Cast of Rent, “Santa Fe”

Useful for entrepreneurship, opportunity costs, and specialization.

MicroeconomicsBrian ORoarkSeptember 1, 2020entrepreneurship, Profits, Invisible hand, specialization

Macklemore and Ryan Lewis, "Wing$"

Useful for conspicuous consumption.

MicroeconomicsDirk MateerFebruary 10, 2020monopolistic competition, conspicuous consumption, inelastic demand, advertising, Macklemore

David Guetta, "Shot Me Down"

Useful for competition.

MicroeconomicsDirk MateerFebruary 10, 2020competition, first mover advantage, David Guetta

Coldplay, "Paradise"

Useful for types of goods.

MicroeconomicsDirk MateerFebruary 10, 2020public goods, club goods, common goods, tragedy of the commons, private property, Coldplay

Garth Brooks, "Big Money"

Useful for wages and labor markets.

MicroeconomicsDirk MateerJanuary 31, 2020labor markets, labor premium, risk premium, Garth Brooks

Sugarland, "Baby Girl"

Useful for labor markets with superstar effects.

MicroeconomicsDirk MateerJanuary 31, 2020labor markets, cost-of-living, Sugarland