Galen Erso explains his choices regarding him constructing the Death Star. He made a lot of choices needed in order to stay alive. He knew that if he didn’t provide quality work he would be killed and the Death Star would simply be built by someone else. In order for Galen to save his life,Continue reading “Galen Explains Building Of Death Star (Star Wars – Rogue One: A Star Wars Story)”
Category Archives: Labor Economics
Jyn Speaks To Saw (Star Wars – Rogue One: A Star Wars Story)
Jyn speaks to Saw after a long time and he explains that the reason he left her behind as a child is that she was the best soldier and he didn’t want her to be killed. Saw knew that Jyn was not needed to fight in the battle because one more soldier would not haveContinue reading “Jyn Speaks To Saw (Star Wars – Rogue One: A Star Wars Story)”
Cara Is Unwilling To Help Mando At First (Star Wars- The Mandalorian- Episode 7)
When asked, Cara is unwilling to help Mando with a job with “handsome reward” until she hears that the enemy is the Imperial troops. Since Cara does not like the Imperial troops, this is seen by Cara as an added incentive to accepting this job. An Incentive is something that motivates or drives individuals toContinue reading “Cara Is Unwilling To Help Mando At First (Star Wars- The Mandalorian- Episode 7)”
Mando Joins a Team (Star Wars- The Mandalorian- Episode 6)
Mando joins a team to rescue a prisoner and each member of the team has a different set of skills to help in this mission. This is an example of specialization, specifically labor specialization, and explains the ‘U’ section of the marginal cost curve. This is because as each team member has a different comparativeContinue reading “Mando Joins a Team (Star Wars- The Mandalorian- Episode 6)”
Obi-Wan Learns About Clones (Attack Of The Clones)
Obi-Wan is learning about the production process of Clones. There are intense training programs and growth acceleration that allows the production time to be cut in half. This is similar to the production of other goods that have the optimal inputs and allow for more efficient production. It is important for a firm to chooseContinue reading “Obi-Wan Learns About Clones (Attack Of The Clones)”
Toro Contracts Mando for a Job (The Mandalorian- Episode 5)
Mando is hired by Toro Calican, who is wanting admittance into the guild. By hiring Mando, he also licenses him. Licensing, which is an agreement that allows one party, Mando, permission to work for another party, Toro, results in a barrier to entry and in turn results in higher prices (wages). Barriers to Entry areContinue reading “Toro Contracts Mando for a Job (The Mandalorian- Episode 5)”
Darth Vader’s Motivation Methods (Return of the Jedi)
Workers of all sorts need incentives or motivation of some kind so that they will be productive. There are different ways that workers choose to motivate their employees. In this case, Darth Vader is choosing to motivate his workers by threatening them in hopes to make them be more productive. Worker motivation is important inContinue reading “Darth Vader’s Motivation Methods (Return of the Jedi)”
C-3PO and R2-D2 are Sorted for Appropriate Jobs (Return of the Jedi)
C-3PO and R2-D2 are being sorted to do specific tasks, just as workers may specialize in specific tasks within their firm. Some workers, such as C-3PO receive highly skilled jobs such as interpreting while others, such as R2-D2 receive lower-skilled jobs, such as working on the sail barge. Regardless of high or low skilled, thereContinue reading “C-3PO and R2-D2 are Sorted for Appropriate Jobs (Return of the Jedi)”
Darth Vader Hires Bounty Hunters (The Empire Strikes Back)
Darth Vader employs the bounty hunters, additional workers, to find the Millennium Falcon and Han Solo since they are becoming a much bigger problem for him relative to what they once were. This is similar to when a firm needs to hire additional workers to produce the desired output. Even though Darth Vader is veryContinue reading “Darth Vader Hires Bounty Hunters (The Empire Strikes Back)”
Yoda Training Luke to Become a Jedi (The Empire Strikes Back)
Luke goes to speak to Yoda in order to continue his Jedi training. Yoda initially told Luke that he was too old to begin the training and that it wasn’t worth it for him. Yoda did not think that Luke would be able to finish the training with the amount of time that he had.Continue reading “Yoda Training Luke to Become a Jedi (The Empire Strikes Back)”