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Introduction

Star Wars is one of the most popular movie franchises of all time. Economics of Star Wars aims to teach economic concepts using examples from Luke, Leia, Han, Darth Vader, and the other characters from the Galaxy Far, Far, Away. Star Wars provides an opportunity to teach economics acts as a reminder that economics is hidden in the world, or should we say worlds, around us.

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Property Rights on Tatooine
When the hapless Jar Jar Binks crosses the wicked Sebulba, Anakin steps in to mediate. Sebulba threatens to kill Anakin who seems unimpressed. Why? Well, some property rights are protected vigorously on Tatooine. Property rights provide incentives for the owners …
Water Monopoly and Cyclical Unemployment
Boba Fett sees the Water Monger, who has a monopoly on selling water. He's upset about crime in the area and asking for Boba Fett to intervene. Several interesting things emerge. It is tough for free markets, and therefore economic …
Minimum Effective Scale
The Cost of Restricting Input Choices Goals: Demonstrate how non-optimal input choices result in inefficient production.Demonstrate that minimum effective scale cannot be achieved if inputs are restricted. Time needed: 30 minutes Materials Required: Wood BBQ skewers, A package of large …
Hold Up Problem
Mando is Held Up. So are Firms. Goals: Students will experience hold-up problems in a one-shot game.Students will experience hold-up problems in a repeated game.Students will experience the market when the product isn’t specialized. Time needed: 30-45 minutes Materials Required: …
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