The Economics of The Office

Learning economics from the world's best boss


In this clip, Jim and Pam discuss how difficult it is to find a good babysitter for their kids. They are only willing to hire a babysitter with highly specialized skills. Therefore, they should be expected to pay a premium price for a sitter. It's not that there is a shortage of available babysitters as much as there is a shortage of sitter who have demonstrated the skill set they think is required.

Season 4 Episode 3 "Andy's Play"

Information and Market Efficiency (G14) Microeconomic Behavior: Underlying Principles (D01)

Pam Jim

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