Capitalism – Economics in Game of Thrones

Opportunity Cost of Brienne Fighting a Bear

by Nicholas ScarmozzinoCapitalism, Free Market, Macroeconomics, Markets, Microeconomics January 9, 2023December 18, 2024Comments are Disabled

Season 3, Episode 8: A soldier is happier to see Lady Brienne die fighting a bear with a wooden sword than to receive a big ransom. By doing so, he is paying an opportunity cost for entertainment To teach this concept in the classroom, click here for a lesson plan

Arya’s Profit Journey

by Nicholas ScarmozzinoCapitalism, Free Market, Markets, Microeconomics January 9, 2023December 18, 2024Comments are Disabled

Season 5, Episode 8: Arya tells story of how she would reinvest her daily profits, first for a second bucket to bring to the market, then for a cart. This allowed Arya to bring more goods to the market and make great profits. Standard economic models show that with an increase in capital – which …