To the Lake is a Russian series following a group of individuals led by Sergey, fleeing an epidemic. Their goal is to hide on a remote island only known by Boris, Sergey’s father, until the epidemic is under control.

 

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  • Clip URL: https://criticalcommons.org/view?m=v6yrrTmqc
  • Course Classification: Labor Economics, Microeconomics, Macroeconomics, Finance
  • Concepts: Investment in human capital, Monetary and non-monetary costs, Risky investment, Nominal exchange rate.
  • Background: Polina is addicted to alcohol and just finished a rehabilitation program in a facility. Lyonya, her dad, is picking her up to bring her home.
  • Question 1: Define what an investment in human capital is. Provide two examples of human capital investment.
  • Question 2: Why do economists consider rehab an investment in human capital? Why some believe that rehab a risky investment?
  • Question 3: What costs are involved when somebody checks into a rehabilitation program?
  • Question 4 (Let’s use data): Lyonya has to pay 52,902 Russian Rubles to cover Polina’s damages in the rehab facility. Compute the US dollar cost Lyonya had to pay to cover Polina’s damages (https://www.xe.com/ ).
  • Clip URL: https://criticalcommons.org/view?m=K5nu2h8cx
  • Course Classification: Microeconomics, Industrial Organization.
  • Concepts: Price elasticities, supply and demand, First-degree price discrimination.
  • Background: Sergey needs a ride out from the quarantine zone after getting his family in Moscow. He only has one option. It is to convince the truck driver to stay and wait 15 minutes.
  • Question: Draw a supply and demand graph representing this situation, and explain the shape of the supply and demand curves in words. Discuss why Sergey ends up giving all the money he has.
  • Clip URL: https://criticalcommons.org/view?m=3tfZcjH3C
  • Concepts: Shortage.
  • Course Classification: Microeconomics
  • Background: Sergey and his group need gas to fill up the cars. However, gas is available only in very limited quantity.
  • Question: Explain why we can deduce that there is a shortage in the gasoline market. Draw a graph.
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By econetflix
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