From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics

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Pretty Girl From Cedar Lane - The Avett Brothers

JEL: d       

“I could stand right underneath the window of your room
Throwing rocks I've done it before
And I would love to find a reason to dazzle you with lies
But I don't have the energy no more”

Click to Listen

Assignment:

The narrator expresses his decision not to put the effort into trying to win the girl’s love because the more time he spends the less energy he has. How do the marginal benefits and the marginal costs of this effort influence his decision? Keeping the concept of sunk costs in mind (“…I’ve done it before”), should the amount of time he has already invested in the girl influence his decision? Why or why not?

[Provided by Emory Nelms - Beloit College]

Full Lyrics


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