EC 131 - Principles of Microeconomics - Fall 2012 - Videos

InĂ¡cio Guerberoff L Bo

Boston College Department of Economics

Video Description
Concept: Opportunity cost (Lecture 1)
Rueben (Ben Stiller) is fluffing throw pillows and placing them on his bed like he does everyday when Polly (Jennifer Aniston) asks why he spends so much time placing and replacing the pillows. Rueben has never really thought about the opportunity costs involved in keeping the bed looking nice.
Concept: Supply and Demand, Shortages (Lecture 4)
A funny example of what happens when price is below equilibrium. If price was higher the situation would probably not be as chaotic (a consequence of shortage).