The Economics of The Office

Learning economics from the world's best boss

Yankee Swap

The office celebrates Christmas with a Secret Santa gift exchange. When Michael doesn't like the gift he receives, he turns the gift exchange into a gift swap where the employees can steal gifts from one another. This is great starting point to discuss the welfare effects of giving gifts and the heterogeneity of consumer preferences.

Season 6 Episode 13 "Secret Santa"

Microeconomic Behavior: Underlying Principles (D01)

Michael Creed Phyllis Pam Ryan Stanley Kelly Dwight Jim Oscar Angela Kevin Toby Meredith

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