The Economics of The Office
Learning economics from the world's best boss
Search Committee Part 1
The office puts together a search committee to hire a new boss. One candidate (played by Warren Buffet), negotiates for a higher wage and then asks about job perks. A good example of bargaining and the principal-agent problem that arises in the workplace.
Season 7 Episode 24 "Search Committee"
Wage Level and Structure (J31) Compensation Packages (J33)
Search Committee Part 2
Jo Bennett comes to Scranton and Kelly takes the opportunity to report Gabe's disturbing behavior. Meanwhile, Dwight vies for the job of office manager. The key to this clip is Dwight's lack of knowledge that each text he sends is imposing an additional cost on Jo.
Season 7 Episode 24 "Search Committee"
Microeconomic Behavior: Underlying Principles (D01) Job Vacancies (J63)
