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For the last Discussion posts, let's do something different. Please find a podcast, article, video of an economic approach being applied to a behavior/action/event/field of
For the last Discussion posts, let's do something different. Please find a podcast, article, video of an economic approach being applied to a behavior/action/event/field of study, etc. that may or may not be traditionally associated with Economics. Please provide a link to the video/podcast/article Please provide a short summary of the podcast (or video or article). In addition, please answer the following questions: 1. Which Economic concepts (we learned in class) were integrated into the podcast (or video or article)? 2. Is there a quote or a line from this episode that really impacted you positively or negatively? 3. Would you recommend this episode (article, video)? Why or why not? Please submit your Post to the Discussion Board by November 13th. By November 20th, please comment on two of your peer's posts. A sample document is posted in Discussion posts Week 9 and 10.SAMPLE POST [from one of my old students} v https:.'i'medium.comf{IE-GiyeGetfthe-economics-of-friendship-paying-for-what-we- yaluc-and -wasting-money-o n -crap-db22?3i3f9?d? This article. "The Economics of Friendship: paying for what we yalue and wasting time on crap". analyzes people's responses to the question of what they value most in life and what things in life they spend most of their life doing. Specifically. it analyzes the opportunity costs of these things. It was found that although friends were usually near the top of the priority list for people. most people did not spend much time at all communicating or being with friends due to work and home life. The article talks about the opportunity cost of the deficit in the economics of friendship. They deemed that loneliness is a huge problem due to this deficit. stating that loneliness is "a monopoly empire". 1. 1I.I"'llhich economic concepts were integrated - opportunity cost. deficit. market analysis. social capital 2. Quote - "But the remedy to loneliness can send you bankrupt. Requesting more time and energy from others because you feel lonely and disconnected can be just as socially awkward and unwelcome as asking someone for money." This line impacted me because I realized how true it is. In today's world we are all so busy and focused on our phones and teleyisions that social life and social norms have completely changed. Even the currency of social capital is different. 3. I would definitely recommend this article. It was a great read. I think it's super interesting to see economic concepts applied to eyeryday life situations. It makes economics easier to understand
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