Lil’ Dicky — Professional Rapper

In this video, Lil’ Dicky interviews with Snoop Dogg for a position as a professional rapper. There’s one section early in the song that looks at the concept of opportunity costs. Lil’ Dicky (David Burd) was a college graduate from University of Richmond, but decided to become a rapper instead. During the “interview” with Snoop, he mentions that he actually had a lot to lose by becoming a rapper compared to other rappers who became rappers because they had nothing else to do. Another interesting application of the video could be in teaching unemployment and focusing on skills necessary for particular jobs. Lil Dicky needs to apply for a job with Snoop because other people haven’t appreciated his rap skills.

LYRICS (emphasis added)
So real shit you ain’t never had to struggle for much
I wouldn’t say it like that, we just had a different kind of trap
Elaborate
Well I ain’t never had a tool, but I had to be the man at school
Like I was doing shit I had to do so when I finished undergrad
I’m cool and I can get whatever job I wanted
But the job you wanted wasn’t all that bumping
Yeah, and I saw it quick all the flaws that be coming when you grow up like that
Know you been racing them rats, you ain’t been making them raps
Boo hoo what a hardship
How you paid to get the rap shit started?
Man, my Bar Mitzvah money
But don’t diss me buddy, I wasn’t one of them younguns up on the block who had nothing to lose
I must’ve wanted this a lot, I had something to choose

Check out the snippet of the entire song on this tweet:

Lil Dicky — $ave Dat Money

Lil’ Dicky shows the process of trying to make the most epic rap video of all time, but without spending much money. The entire song looks at a variety of ways that Lil’ Dicky tries to save money and avoids spending money on unnecessary expenditures “just to flex.”

Y.N. RichKids — Hot Cheetos and Takis

I reached out to #EconTwitter and asked what songs they like to use to teach different topics in their classes and the results did not disappoint:

Travis didn’t hesitate to reach out and suggest this catchy song about two popular snacks that they enjoy eating. The first question that comes to mind is if the two snacks are complements or substitutes for one another, but I wouldn’t be surprised to see a combination bag from Frito-Lay soon.

Thanks to Travis Roach for the song suggestion.

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.

Up ↑