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Using K-Pop to Teach Indifference Curve Analysis, Behavioral Economics and Game Theory

Author

Listed:
  • Wayne Geerling

    (Monash University)

  • Kristofer Nagy

    (Monash University)

  • Elaine Rhee

    (University of Arizona)

  • Jadrian Wooten

    (Penn State University)

Abstract

Economic educators have been teaching with pop culture for decades, but until recently the focus was on English-based media. In this paper, we build on the work of Wooten al. (2021b), who showed how K-pop can be integrated into the principles-level curriculum. We develop three teaching guides that can be used to teach aspects of behavioral economics, game theory and indifference curve analysis – topics which are taught at the end of most principles-level courses but are also standalone upper level courses. The three artists chosen – BTS, BLACKPINK and TWICE – have huge global followings. We hope this paper will contribute to the library of diverse and inclusive teaching resources while helping to address the deficit of resources available to instructors of upper level courses.

Suggested Citation

  • Wayne Geerling & Kristofer Nagy & Elaine Rhee & Jadrian Wooten, 2021. "Using K-Pop to Teach Indifference Curve Analysis, Behavioral Economics and Game Theory," Monash Economics Working Papers 2021-18, Monash University, Department of Economics.
    • Handle: RePEc:mos:moswps:2021-18
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    References listed on IDEAS

    as
    1. Marie Briguglio & Charity-Joy Acchiardo & Dirk Mateer & Wayne Geerling, 2020. "Behavioral economics in film: Insights for educators," Journal of Behavioral Economics for Policy, Society for the Advancement of Behavioral Economics (SABE), vol. 4(1), pages 17-28, December.
    2. Wooten, Jadrian J. & Geerling, Wayne & Calma, Angelito, 2021. "Diversifying the use of pop culture in the classroom: Using K-pop to teach principles of economics," International Review of Economics Education, Elsevier, vol. 38(C).
    3. Rousu, Matthew C. & Melichar, Mark & Hackenberry, Bailey, 2021. "Using Music to Teach Agricultural, Applied, and Environmental Economics," Applied Economics Teaching Resources (AETR), Agricultural and Applied Economics Association, vol. 3(4), November.
    4. Betsey Stevenson & Hanna Zlotnik, 2018. "Representations of Men and Women in Introductory Economics Textbooks," AEA Papers and Proceedings, American Economic Association, vol. 108, pages 180-185, May.
    5. Jadrian Wooten & Wayne Geerling & Nicola Thomas, 2020. "Facilitating Student Connections and Study Partners During Periods of Remote and Online Learning," Journal of Economics Teaching, Journal of Economics Teaching, vol. 5(2), pages 1-14, December.
    6. Amanda Bayer & Cecilia Elena Rouse, 2016. "Diversity in the Economics Profession: A New Attack on an Old Problem," Journal of Economic Perspectives, American Economic Association, vol. 30(4), pages 221-242, Fall.
    7. Guth, Werner & Schmittberger, Rolf & Schwarze, Bernd, 1982. "An experimental analysis of ultimatum bargaining," Journal of Economic Behavior & Organization, Elsevier, vol. 3(4), pages 367-388, December.
    8. Stephen L. Chew & William J. Cerbin, 2021. "The cognitive challenges of effective teaching," The Journal of Economic Education, Taylor & Francis Journals, vol. 52(1), pages 17-40, January.
    9. Jadrian J. Wooten, 2018. "Economics media library," The Journal of Economic Education, Taylor & Francis Journals, vol. 49(4), pages 364-365, October.
    10. Jadrian J. Wooten & Charity-Joy Acchiardo & G. Dirk Mateer, 2020. "Economics is a Kahoot!," The Journal of Economic Education, Taylor & Francis Journals, vol. 51(3-4), pages 380-380, August.
    11. Fernando Ferreira & Joel Waldfogel, 2013. "Pop Internationalism: Has Half a Century of World Music Trade Displaced Local Culture?," Economic Journal, Royal Economic Society, vol. 123, pages 634-664, June.
    12. Mark A. Melichar, 2018. "Economics gone country," The Journal of Economic Education, Taylor & Francis Journals, vol. 49(4), pages 363-363, October.
    13. William L. Goffe & David Kauper, 2014. "A Survey of Principles Instructors: Why Lecture Prevails," The Journal of Economic Education, Taylor & Francis Journals, vol. 45(4), pages 360-375, December.
    14. Stephen Buckles & Gail M. Hoyt & Jennifer Imazeki, 2011. "Making the Large-Enrollment Course Interactive and Engaging," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 10, Edward Elgar Publishing.
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    Citations

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    Cited by:

    1. Amel Ben Abdesslem & Julien Picault, 2023. "Bounty Hunters Can Teach Microeconomics: Illustrations from Netflix's Cowboy Bebop," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(3), pages 349-367, June.
    2. Wayne Geerling & Kristofer Nagy & Elaine Rhee & Nicola Thomas & Jadrian Wooten, 2023. "Using Squid Game to Teach Game Theory," Journal of Economics Teaching, Journal of Economics Teaching, vol. 8(1), pages 47-63, January.
    3. Amel Ben Abdesslem, 2022. "Teaching Macroeconomics Through Music," Journal of Economics Teaching, Journal of Economics Teaching, vol. 7(3), pages 200-216, October.

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    More about this item

    Keywords

    Inclusive teaching; media; music; teaching economics; game theory;
    All these keywords.

    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • A21 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Pre-college

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