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Broadway Economics

"Teaching Economics Through Musical Theatre"

Category: Opportunity Cost

Franklin Shepard, Inc. (Merrily We Roll Along)

Franklin Shepard, Inc. (Merrily We Roll Along)

Posted on May 4, 2025 by mattrousu

“Franklin Shepard, Inc.” illustrates the economic tension between artistic integrity and commercial success. The song highlights the opportunity cost of creative pursuits – Charley values artistic fulfillment, while Frank prioritizes…

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Life Story (Closer Than Ever)

Life Story (Closer Than Ever)

Posted on July 23, 2015January 8, 2025 by mattrousu

The singer discusses her life story in this song, starting with her “liberated marriage”. Many economic concepts are covered here, including: * college tuition costs * the loss of human…

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Eternal Youth is Worth a Little Suffering (Sunset Boulevard)

Eternal Youth is Worth a Little Suffering (Sunset Boulevard)

Posted on February 3, 2015January 8, 2025 by mattrousu

Norma Desmond wants to look younger, and is willing to endure significant pain to get there. This is a great song to illustrate two concepts – tradeoffs and opportunity cost….

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What You Want (Legally Blonde)

What You Want (Legally Blonde)

Posted on February 3, 2015January 8, 2025 by mattrousu

In Legally Blonde, Elle Woods was just dumped by Warner, the boyfriend she thought would marry her. In What You Want, she sings about how she’s going to get back…

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A Summer in Ohio (The Last Five Years)

A Summer in Ohio (The Last Five Years)

Posted on January 31, 2015January 8, 2025 by mattrousu

This is a great song to illustrate both trade-offs and opportunity costs. Kathy is singing a letter that she’s writing to her husband, Jamie. She is taking a shot at…

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