Introduction to Economics with Extensions
Textbook Readings
- OpenStax, Principles of Microeconomics 2e
- Chapter 1: Welcome to Economics!
- Chapter 2: Choice in a World of Scarcity
- 2.1 How Individuals Make Choices Based on Their Budget Constraint
- 2.2 The Production Possibilities Frontier and Social Choices
- 2.3 Confronting Objections to the Economic Approach
Videos
Articles
- Incentives
- KFYR TV - North Dakota, "Blood Donation Centers Offering Extra Incentives"
- Economics Amplified (Podcast/Video Series from the Becker Friedman Institute)
- The Washington Post, "In the Era of Spellcheck and Auto-Correct, Does It Matter that My Son Can't Spell?", by Denn, 29 January 2019
- The Japan Times, "Japan enacts legislation making preschool education free in effort to boost low fertility rate", 10 May 2019
- The New York Times, "Economic Incentives Don’t Always Do What We Want Them To", by Duflo and Banerjee, 26 October 2019
- KFYR TV - North Dakota, "Blood Donation Centers Offering Extra Incentives"
- Marginal Analysis, Sunk Costs, and Diminishing Returns
- Eric Nielsen, 2005. "Jargon Alert : Sunk Cost", Econ Focus, Federal Reserve Bank of Richmond, Winter, pages 1-6.
- Forbes, "Law Of Diminishing Returns Hits Social Media Companies", by Gerber, 2 April 2014
- Seekiing Alpha, "The Law Of Diminishing Returns And How It Relates To Investing", by Santos, 10 March 2015
- Business Insider, "The Law of Diminishing Returns", by Mercenary Trader, 13 December 2012
- NPR Planet Money, "The Diamond-Water Paradox", 25 July 2018, (Audio)
- Los Angeles Times, "Environmentally Minded Californians Love to Recycle — but It's No Longer Doing Any Good", by Skelton, 9 July 2018
- BBC, "The Trick to Learning When to Cut Your Losses", by Grant, 17 September 2018
- Harvard Business Review, "When to Stick with Something — and When to Quit", by Spicer, 28 September 2018
- The Atlantic, "Science Is Getting Less Bang for Its Buck", by Collison and Nielsen, 16 November 2018
- Reuters, "Harvesting in a Trade War: U.S. Crops Rot as Storage Costs Soar", by Weinraub, and Huffstutter, 21 November 2018
- Sofis, M. J., Lemley, S. M., Budney, A. J., Stanger, C., & Jarmolowicz, D. P. (2019). Persisting on the past: Cross-sectional and prospective associations between sunk cost propensity and cannabis use. Experimental and Clinical Psychopharmacology. Advance online publication.
- Psychology Today, "The Best Time to Plant a Tree Was 20 Years Ago, No Matter", by Smith, 14 April 2015
- Opportunity Costs & Trade-Offs
- Eric Nielsen, 2004. "Jargon Alert : Opportunity Cost", Econ Focus, Federal Reserve Bank of Richmond, Fall, pages 1-6.
- Slate, "Time Is Money", by Oster, 6 February 2013
- The New York Times, "The Opportunity Cost of Economics Education", by Frank, 1 September 2005
- Forbes, "The Opportunity Cost Of Marketing", by Silva, 26 July 2017
- HuffPost, "Understanding Opportunity Cost: How $200 Sneakers Could Cost You $75,000", by Marquit, 9 June 2016
- The Onion, "5-Year-Old Admits It Pretty Messed Up Spider-Man Visiting His Birthday Party When He Could Be Out Saving Lives", 29 August 2018
- CityLab, "Housing Can’t Be Both Affordable and a Good Investment", by Hertz, 19 November 2018
Podcasts
- Incentives
- Freakonomics Radio, Why Doesn’t Everyone Get the Flu Vaccine? (Ep. 191)
- Planet Money, Episode 573: Why Textbook Prices Keep Climbing
- Marginal Analysis, Sunk Costs, and Diminishing Returns
- Planet Money, Episode 571: Why Raising Money For Ebola Is Hard
- Opportunity Costs
- Freakonomics Radio, The Upside of Quitting (Ep. 42)