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作词 : 施皓严Steven
作曲 : 施皓严Steven
Lyricist: Haoyan Shi
Composer: Haoyan Shi
Performer: Haoyan Shi
Arranger&Mixing Engineer: Haoyan Shi
Scarcity is the main problem
With people’s infinite wants
Economics researches on
How to allocate resources
Sometimes the market fails
There are externalities
By subsidizing and taxing
Economics can solve this
We love economics
Economics’s so fun
It tells us how the world works and how people behave
Now let’s continue our journey on microeconomics
We love economics
Economics’s so fun
It tells us how the world works and how people behave
Now let’s continue our journey on microeconomics
First comes monopoly
It has an MR below D
When it sells an additional unit
It has to lower all the price
When you take a plane
Either economy or business class
Price discrimination
That is an interesting technique
Then comes game theory
It is brought by John Nash
When in oligopoly
Payoff Matrix tells firms what to do
We love economics
Economics’s so fun
It tells us how the world works and how people behave
Now let’s continue our journey on microeconomics
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