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Spring 2013

ISSN 0890-913X

Volume 28, Number 2

Categories: Spring 2013 | Economics

Using Popular Music to Teach Principles of Economics: Beyoncé’s Take on Demand and Quantity Demanded

Leonid A. Krasnozhon, Loyola University New Orleans

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TheJournalofPrivateEnterprise28(2),2013,139–149UsingPopularMusictoTeachPrinciplesofEconomics:Beyoncé’sTakeonDemandandQuantityDemandedLeonidA.Krasnozhon*LoyolaUniversityNewOrleansAbstractAcademiceconomistsmustteachstudentsinprinciples-levelclassesthefundamentalconceptsofeconomicssothatstudentsbecomeinformedparticipantswithinthedemocraticprocessofcollectivechoiceoverpublicpolicy(Boettke,2011,2012).Anygoodstudentofeconomicsmustknowthedistinctionbetweendemandandquantitydemanded(Hayne,Boettke,andPrychitko,2010).Economicsisasocialsciencethatarrivesatknowledgethroughdifferentepistemologicalprocedures.Thispaperproposesanactivelearningexercisethatusesthelyricsofthepopularsong“Irreplaceable,”performedbyAmericanR&BsingerBeyonceKnowles,toteachstudentsthefundamentalconceptsofdemandandquantitydemanded.JELCodes:A20,A22Keywords:Economicseducation;Teachingofeconomics;Demandcurve;QuantitydemandedI.IntroductionEconomicsisadismalsciencethatconstantlydealswiththeproblemofoptimaluseofresourcesgivenconstraints.Thedistinctionbetweendemandandquantitydemandedcanbeconfusingevenforanadeptstudentbecausetheseconceptsaredrasticallydifferentfrominthepublicdiscourse.Generaldiscourseoneconomiceventsoftenusesthetermdemandasashorthandtermforquantitydemanded.Anygoodstudentofeconomicsmustbeawareofthesedifferences(Hayne,Boettke,andPrychitko,2010,p.59).Students,however,struggletograspthedifferencebetweenquantitydemandedanddemand.Thedistinctionbetweenachangein*IthankDanielD’Amico,NicholasSnow,andclassparticipantsattheUniversityofTexasatArlingtonandGeorgeMasonUniversityforvaluablecomments.139

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Title	Using Popular Music to Teach Principles of Economics: Beyoncé’s Take on Demand and Quantity Demanded
Authors/Creators:	Leonid A. Krasnozhon, Loyola University New Orleans
Year:	2013
Volume:	28
Number:	2
Pages:	139 - 149
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Educational Notes
Keywords:	Economic education, Teaching of economics, Demand curve, Quantity demanded

Citation:
Krasnozhon, Leonid A. / 2013. "Using Popular Music to Teach Principles of Economics: Beyoncé’s Take on Demand and Quantity Demanded." The Journal of Private Enterprise, 28(2): 139-149.