From ABBA to Led Zeppelin: using music to teach economics
From ABBA to Led Zeppelin: using music to teach economics
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Entries from From ABBA to Zeppelin, Led tagged with 'Unemployment'

Light Pollution

Conor Oberst sings about a man who has lost his job and is now doing “anything to serve a function or to occupy some time” because he feels he must make a living somehow. Opportunity costs, as well as marginal...

Paperback Writer

The subject of the song states that he wants to be a paperback writer but he "needs a job." How would you classify his employment status? Is he unemployed? Actively seeking new work? Do you think self-employment creates a measurement...

Money's Too Tight To Mention

What is the singer saying about economics? What is his financial situation and why is he in such an intense pursuit of cash? What are the problems and reasons of bank and family for not lending him the money? What...

Voodoo Economics

The speaker is consoling a friend who can’t quite cut it in show business. He makes light of the situation by telling his friend, “You got the kitchen hand job easily/ You'll be king of this here town.” Is “the...

Tobacco Island

What was the economic advantage to engaging in slavery? Why did they choose to engage in economic ventures in Barbados rather than remaining in their home country, especially given the high start up costs (ship construction, supplies for the voyage,...

Career Opportunities

In the song, Clash lead singer Joe Strummer sings about job opportunities available and how he doesn’t want any of them. Does this mean he is unemployed? If so, what type of unemployment is it? What is the opportunity cost...

Cigarettes and Alcohol

How does the government calculate the unemployment rate? If Liam Gallagher decides it is not “worth the aggravation to find yourself a job when there’s nothing worth looking for” how does this affect the unemployment rate? Is Liam classified as...

Rockin' In The Free World

Economists use GDP to measure the total production in an economy. Sometimes GDP is used as a measure of well-being. However, as Neil Young points out, GDP is not a perfect measure of well being. For example, it is not...

The River

Economists divide unemployment into three categories: frictional, structural, and cyclical. What type of unemployment does Bruce Springsteen suffer from? What is today’s unemployment rate? How much of today’s unemployment is frictional unemployment? How much is structural unemployment? How much is...

Youngstown

Thinking like an economist usually involves invoking phrases like 'on the other hand.' This excerpt from Bruce Springsteen's song "Youngstown" suggests that he is owed something for making the plant owners rich. According to economists Paul Gomme and Peter Rupert,...

Allentown

Billy Joel laments the loss of the way things were in Allentown. At one time it was a boom town, but now "they've taken all the coal from the ground." Assume that the presence of coal is the primary reason...

Unemployable

What does it mean to be 'unemployable'? Is the person who is 'unemployable' more likely to be frictionally unemployed or structurally unemployed? The lyrics state that "this life is sacrifice ... to a stranger's bottom line." To what extent do...

Rain on the Scarecrow

In the song “Scarecrow” by John Mellencamp, he decries the loss of the family farm. Over the last 100 years, the percentage of the population engaged in farming has declined from over one-third to less than 3 percent. Why do...