Economic ideas are found throughout our society, even through the type of music we listen to. We can relate basic economic ideas to things we use in our daily lives. In G-Eazy’s song “Opportunity Cost” directly relates to the concepts learned in Microeconomics. G- Eazy opens the song by saying “everything costs something bro, winning somewhere, somewhere else you just lost something though.” This line is directly related to the concept opportunity cost. Opportunity cost is defined as “the value of a forgone alternative.” This concept means that in order to gain something, you are giving up something else in return. The example used in class was when we are going to class we get the benefits of an education, but we are giving up our time to be working and to be making money. …show more content…
At the beginning of the song he talks about how that type of life was important to him, but towards the end of the song he realizes he made a mistake. Opportunity cost is all about balancing which options will give you the most benefit. G- Eazy slowly realizes he made the wrong decision. He even goes as far as wondering the rock star life was even for