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Broadway Economics

"Teaching Economics Through Musical Theatre"

Category: Microeconomics

Story of My Life (Shrek the Musical)

Story of My Life (Shrek the Musical)

Posted on February 21, 2015January 8, 2025 by mattrousu

In Shrek the Musical, all the fairy tale creatures are being banished to a swamp. They sing about how life is difficult for them and the hardships they’ve had to…

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Santa Fe (Rent)

Santa Fe (Rent)

Posted on February 5, 2015January 8, 2025 by mattrousu

This couple dreams of opening a new restaurant. This is a good song to illustrate the drive of entrepreneurs. While many entrepreneurs want to start a business solely for their…

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I Just Can't Wait To Be King (Lion King)

I Just Can’t Wait To Be King (Lion King)

Posted on February 5, 2015January 8, 2025 by mattrousu

Most people discount the future, which means they place a higher value on current consumption than future consumption. Simba, however, is looking forward to the future – because he will…

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Lovely Ladies (Les Miserables)

Lovely Ladies (Les Miserables)

Posted on February 5, 2015January 8, 2025 by mattrousu

This Les Miserables song is a good one to play to lead into a lesson on prostitution or prohibitions. Prostitution is prohibited in many markets, yet it still occurs. This…

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If I Had This Truck (Hands on a Hardbody)

If I Had This Truck (Hands on a Hardbody)

Posted on February 5, 2015January 8, 2025 by mattrousu

Rent seeking is the process where people or firms expend valuable resources (time, energy, or other resources) while attempting to win a competition. This is often referred to as a…

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Stars (Les Miserables)

Stars (Les Miserables)

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

Javert wants to find Jean Valjean. Badly. Javert provides a great example of inelastic demand, as he swears upon the stars that he will never yield, under any circumstances, in…

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Better With a Man (A Gentleman's Guide to Love and Murder)

Better With a Man (A Gentleman’s Guide to Love and Murder)

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

In this entertaining song, Henry Dysquith and Monty Navarro explain how things are always better with a man. Economists would say that these individuals obtain a higher utility with a man…

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Henry Ford (Ragtime)

Henry Ford (Ragtime)

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

Henry Ford was one of the greatest entrepreneurs of all time. His success was due in large part to the use of assembly line production, which significantly decreased the costs…

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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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