• Home
  • All
  • Micro Clips
    • Foundations
    • Markets at Work
    • Elasticity
    • Price Controls
    • Externalities & Public Goods
    • Costs & Production
    • Perfect Competition
    • Monopoly and Price Discrimination
    • Monopolistic Competition
    • Strategic Behavior & Oligopoly
    • Behavioral Econ & Risk
    • Consumer Choice
  • Macro Clips
    • Unemployment
    • Economic Growth
    • Money
    • Trade
  • Characters
    • Amy
    • Bernadette
    • Howard
    • Leonard
    • Penny
    • Raj
    • Sheldon
  • How to teach ...
    • Asymmetric Information
    • Causation vs Correlation
    • Costs of Production
    • Elasticity
    • Rational Behavior
    • Types of Unemployment
Menu

Bazinganomics

  • Home
  • All
  • Micro Clips
    • Foundations
    • Markets at Work
    • Elasticity
    • Price Controls
    • Externalities & Public Goods
    • Costs & Production
    • Perfect Competition
    • Monopoly and Price Discrimination
    • Monopolistic Competition
    • Strategic Behavior & Oligopoly
    • Behavioral Econ & Risk
    • Consumer Choice
  • Macro Clips
    • Unemployment
    • Economic Growth
    • Money
    • Trade
  • Characters
    • Amy
    • Bernadette
    • Howard
    • Leonard
    • Penny
    • Raj
    • Sheldon
  • How to teach ...
    • Asymmetric Information
    • Causation vs Correlation
    • Costs of Production
    • Elasticity
    • Rational Behavior
    • Types of Unemployment
Teaching Economics with CBS's The Big Bang Theory

Shoes as a Normal Good

When Sheldon alerts Penny that she'll earn over $3,000 for a single night of work, she immediately goes to buy shoes.

Featured
Is Stuart a Friend?
Is Stuart a Friend?
Pictionary Complements
Pictionary Complements
Sale on Jewelry
Sale on Jewelry
Wild Witches are Inelastic
Wild Witches are Inelastic
Negotiating for a Sword
Negotiating for a Sword
Getting Rid of the Chair from Outside
Getting Rid of the Chair from Outside
In Markets at Work Tags normal goods, supply and demand, demand shifters, income, Penny, Sheldon, Leonard, Howard, Between 45 and 90
← Coffee's Unintended ConsequencesSpecialization in Penny Blossom Production →

Latest & Greatest

All
Confounding Variable Joke
Confounding Variable Joke
about 8 years ago
Getting Tenured
Getting Tenured
about 9 years ago
Going to Penny's Play
Going to Penny's Play
about 9 years ago
Girlfriend's Number
Girlfriend's Number
about 9 years ago
Time is Too Valuable
Time is Too Valuable
about 9 years ago

Fresh Tweets

  • RT @kpopismyplanet: Economics and TBBT? This is brilliant ❤ @Bazinganomics
    Jan 8, 2018, 8:47 AM
  • RT @JustinWolfers: The Economics of Parks & Rec: https://t.co/7sLUSbyJWx The Economics of The Office: https://t.co/o9ZhUpVKyd The Econ… https://t.co/QW6DBAA0xk
    Dec 6, 2017, 8:38 AM
  • RT @ddkuester: Our "Economics of The Office" website has some cool Behavioral Econ stuff in honor of R Thaler winning the Nobel. https://t.co/7yLNdCYdLr
    Oct 9, 2017, 12:56 PM
  • Alex (1)
  • BIRG (1)
  • Innovation (1)
  • Spock (1)
  • Stephen Hawking (1)
  • altruism (1)
  • bargaining power (1)
  • basking in reflective glory (1)
  • black market (1)
  • bonds (1)
  • buying in bulk (1)
  • capital (1)
  • ceteris paribus (1)
  • change in quantity demanded (1)
  • club good (1)
  • commitment device (1)
  • comparative advantage (1)
  • complement goods (1)
  • coupons (1)
  • depreciation (1)
  • development (1)
  • diminishing returns (1)
  • econometrics (1)
  • economics of crime (1)
  • endowment effect (1)
  • excludability (1)
  • external benefits (1)
  • first-price auction (1)
  • frictional unemployment (1)
  • health (1)
  • imperfect information (1)
  • income (1)
  • inefficient allocation (1)
  • inequality (1)
  • information symmetry (1)
  • insulin (1)
  • intrinsic value (1)
  • labor economics (1)
  • liquidity (1)
  • luxury good (1)
  • management (1)
  • marketing (1)
  • minimum wage (1)
  • monopolistic competition (1)
  • monopoly (1)
  • movement along the demand curve (1)
  • negotation (1)
  • negotiation (1)
  • normal goods (1)
  • oligopoly (1)
  • outsourcing (1)
  • payment for services (1)
  • perceived value (1)
  • perfectly inelastic (1)
  • positional good (1)
  • positive externalities (1)
  • preference (1)
  • price change (1)
  • price elasticity of demand (1)
  • principle-agent problem (1)
  • private solutions (1)
  • probability (1)
  • productivity (1)
  • profits (1)
  • risk (1)
  • risk aversion (1)
  • rival in consumption (1)
  • scarcity (1)
  • secondary markets (1)
  • self control (1)
  • self interest (1)
  • short-run (1)
  • shortage (1)
  • simultaneous game (1)
  • social costs (1)
  • sports economics (1)
  • subjective value (1)
  • sunk cost (1)
  • tax (1)
  • tax revenue (1)
  • tit-for-tat (1)
  • total production (1)
  • tragedy of the commons (1)
  • transitivity (1)
  • unemployment (1)
  • wages (1)
  • zero economic profits (1)
  • Barry (2)
  • auctions (2)
  • bargaining (2)
  • causation (2)
  • choice theory (2)
  • coase theorem (2)
  • competition (2)
  • complements (2)
  • correlation (2)
  • cost-benefit analysis (2)
  • economic bad (2)
  • efficiency (2)
  • free rider (2)
  • gift giving (2)
  • indifference curves (2)
  • inelastic (2)
  • long-run (2)
  • marginal cost marginal benefit (2)
  • medium of exchange (2)
  • negative incentives (2)
  • positive incentives (2)
  • ppc (2)
  • ppf (2)
  • price discrimination (2)
  • pricing (2)
  • property rights (2)
  • revenue (2)
  • sequential game (2)
  • statistics (2)
  • substitute goods (2)
  • substitutes (2)
  • technology (2)
  • Stuart (3)
  • asymmetric information (3)
  • barter (3)
  • causality (3)
  • consumer surplus (3)
  • demand shifters (3)
  • diminishing marginal utility (3)
  • gains from trade (3)
  • game theory (3)
  • growth (3)
  • labor markets (3)
  • money (3)
  • producer surplus (3)
  • social norms (3)
  • strategy (3)
  • unintended consequences (3)
  • preferences (4)
  • specialization (4)
  • trade (4)
  • utility (4)
  • behavioral economics (5)
  • external costs (5)
  • negative externalities (5)
  • technological improvement (5)
  • Bernadette (6)
  • irrational behavior (6)
  • incentives (7)
  • rationality (7)
  • supply and demand (8)
  • opportunity cost (11)
  • trade offs (11)
  • choices (12)
  • Amy (13)
  • More than 90 (18)
  • Penny (30)
  • Raj (31)
  • Between 45 and 90 (34)
  • Howard (34)
  • Under 45 (34)
  • Leonard (41)
  • Sheldon (60)
Press