"Knock Knock" Parody- Rockonomix HD

Micro Economics Project Spring 2015 Professor Lindahl Song used: Knock Knock- Mac Miller Lyrics: Yeah check lets get it 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in I feel like a million bucks But the US don’t really feel like I do Being in this giant debt we know it sucks Haven’t been out of it since 1832 Or 1835 its been a long while Let me tell you more while it continues to pile Mr Supply yeah that’s my friend Tryna reach equilibrium but the graph don’t end Comparative advantage opportunity cost low PPF chart shows the best you can go Unless you start to trade then you produce more As long as your workers have a good price floor Or maybe price ceiling they gotta be willing Govt cant stop us equilibrium is chilling Maximize surplus cause it really fun That’s what they call an efficient outcome 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in taxes, we equally share it inelastic then they pay past it Externalities don’t have compensation They may benefit firms in the nation Public and private good do we pay with our salary? It all depends on excludability and rivalry There’s something here called a free rider problem Tax by the government is here to solve em You always gotta look at the economic profit Subtract the job you left, opportunity costin’ Tragedy of the commons hoggin making it go away Public goods getting over used no more fish in the bay Hey we can limit we down to a count Goods Each person get is only a certain amount Monopoly means one. Oligopoly means a few. PC is where its fun. sellers know what to do 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in 1 2 3 4 countries tryna trade come and knock up on your door so Let em in, let em in, let em in Not a day goes by that we go out without seeing econ They wonder why don’t I know more about a buy In the store supply and demand down to the core Yeah I feel great Yeah I feel great