Kyle — Playinwitme feat. Kehlani

One of the fun topics of decision making is to ask students if they have ever been stuck in a relationship they weren’t happy with, but they continued dating that person anyway. The most common response to why this occurs is that the students have invested a lot of time in the relationship and they don’t want to see it wasted. This example is an introduction to the irrational decision making people often go through because of their resiliancy to focus on sunk costs when they should be ignored. Kyle and Kehlani’s new song goes through the same tough decision because both feel like they’re being played with. Kyle and Kehlani both ask:

Girl, why are you playin’ with me?
I don’t got the time for that
Might need me a refund, haha
I’ma need that time back

Since neither can get their time back, if they are unhappy or anticipate being unhappy in the future, they should rationally move on from each other.

I like to use Old Domion’s song, Break Up With Him for the same lesson as well.

Chris Young — Beer or Gasoline

Tradeoffs are one topic you can use this video for. With only $3 to his name, Chris needs to decide between a gallon of gas or a 6-pack of beer!

Thanks to James Tierney for the clip and description. For more country videos with economics, check out EconGoneCountry!

Billy Joel — Allentown

I heard this one on the radio and forgot that I used it one semester online to talk about structural unemployment. This could also be a good song to play before class if you play music before you begin your lecture. I may be a bit more fortunate since I teach in Pennsylvania.

Tarzan — Strangers Like Me

Jane decides to help Tarzan increase is human capital by learning some new “human” skills. After learning these various skills, Tarzan should be much more productive.

Thanks for the clip recommendation  Courtney Conrad!

Brad Paisley — I’m Gonna Miss Her

 

The song is about a guy that chose to go fishing instead of staying with his wife. It shows opportunity costs because he could either choose fishing where he didn’t know if he would catch anything or stay with his wife which could have been the best thing for him.

Thanks for the summary and the clip Aaron Wolfe! If you’d like to see more country music videos that have economic themes, check out Econ Gone Country.

The Barenaked Ladies — If I Had a Million Dollars

If you had a million dollars, what would you buy? A bunch of normal goods most likely or you may decrease the number of inferior goods. Ask you students to list off the things they would do with a million dollars and then have them identify whether the things they would change are normal or inferior goods.

Aaron Tippin — I Got it Honest

Aaron Tippin sings about the hard working lifestyle of a blue-collar worker who works 8 hours per day. While others may have more money than he does, he did it the way he felt was right by not selling his values.

If you love country music and economics, check out EconGoneCountry.com

Powered by WordPress.com.

Up ↑