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"Ebay: Using Media to Teach Economics" icon

Ebay: Using Media to Teach Economics

One of the beauties of using music to teach economics is the depth of the ideas that can be explored. EBay is about the exchange process and the song nicely shows how trade creates value. This gives the instructor a chance to to explore consumer and producer surplus and more broadly social welfare concerns. This song also highlights a different aspect of exchange, transaction costs and how eBay lowers those costs for all...

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