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)

Jim

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Commission Cap Part 2

After Jim loses his incentive to sell, he looks for other ways to fill his time. A good example of incentives.

Season 7 Episode 9 "WUPHF.com"

Microeconomic Behavior: Underlying Principles (D01) Wage Level and Structure (J31) Compensation Packages (J33)

Pam Jim

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Commission Cap Part 3

After Jim loses his incentive to sell, he starts bothering his colleagues looking for ways to kill time.

Season 7 Episode 9 "WUPHF.com"

Microeconomic Behavior: Underlying Principles (D01) Wage Level and Structure (J31) Compensation Packages (J33)

Creed Jim Gabe Meredith

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