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Microeconomics
Comparative Advantage and Specialization
Arya’s Profit Journey
Eddard’s Choice: Labor vs. Leisure
Jon Snow’s Trade-Offs: Allies Against the White Walkers
Opportunity Cost of Brienne Fighting a Bear
Sam Tarly and the Production Possibilities Curve
Samuel’s Research on Dragon Glass
Shae’s Opportunity Cost of Staying with Tyrion
Stannis and Jon Consider Risks vs. Rewards
Tyrion’s Belief on Self-Interest
Tyiron Explains Specialization
Supply and Demand
Jorah and Tyrion: A Complementary Duo
Supply and Demand: Tyrion’s Search For a Room
Trade Restrictions Cause Chicken Prices to Increase in House of the Dragon
Free Markets
Arya Stark is Tipped
Lannister’s and The Resource Curse
Night’s Watch Sorts Instead of Using Markets
Tyiron and Bronn Discuss Licensing
Game Theory
Bronn Wants His Kids to Fight Over His Estate
Daenerys Overcomes Principal Agent Problem
Game Theory in House of the Dragon: A Mixed Strategy for the Prince’s Life
King Joffrey Faces Principal Agent Problem
Lord Frey has Bargaining Advantage in Game of Thrones
Ramsey’s Dilemma: Coalition or Conflict
Voting for Knight’s Watch Commander
Monopolies
Craster’s Monopoly: Control Beyond the Wall
Positive vs. Normative Statements
Tyrion Understands Positive vs. Normative
Public Goods
The Wall is a Public Good
Unintended Consequences
Cersei’s Imprisonment is an Unintended Consequence
Macroeconomics
Currencies
What Can Daenerys and Jorah Use as Currency?
Economic Growth
No Economic Growth in Westeros
Free Markets
Bran’s Insight: Climbing the Chaos Ladder
Insurance Markets in Westeros
Tyiron and Bronn Discuss Licensing
Tyrion’s Plan: Sanctions Against King’s Landing
Tywin’s Trap: Forcing Lady Tyrell’s Hand
Free Trade
Markets vs. Plunder: Theon’s Case for Cooperation
Trade Restrictions Cause Chicken Prices to Increase in House of the Dragon
GDP – Gross Domestic Product
The Master’s Shadow
The Hand’s Tournament: Government Spending Under Fire
Investing
Cersei and the Callable Bonds
Mace Tyrell and the Iron Bank’s Investing Strategy
Robb’s Coalition: The Cost of a Broken Promise
Loans
Cersei’s Debt Dilemma: The Cost of Loans and Interest”
Iron Bank Demands: Cersei’s Struggle with Debt
Tyrion Explains How Loans Work
The Weight of Debt: Tyrion’s Lannister Legacy
The Broken Window Fallacy
Doran’s Choice: The Cost of War Over Wealth
Lesson Plans
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The Broken Window Fallacy
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