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)
Loading the player ...