Economics Songs

The following is three songs (a bit childish =)) explaining some economics concepts. They are all quite straight forward. The first song is about resources. The second is about choice and opportunity cost. The last song is about consumers and producers.

1. We’ve Been Working on Resources
(Tune: I’ve Been Working on the Railroad)
original song: http://www.youtube.com/watch?v=VCxqljA0M8k

We’ve been working on resources,
All the livelong day.
We’ve been working on resources,
Just to make some goods this way.
We use natural resources,
Such as land, and oil and trees.
We use capital resources,
Such as tools and factories.
Now we will work!
Now we will work!
When we use human resource.
Now we will work!
Now we will work!
We use our human resource.

2. Oh Give Me a Choice
(Tune: Home on the Range)
original song: http://www.songsforteaching.com/philrosenthal/homeontherange.htm

Oh give me a choice,
Oh a difficult choice,
And I’ll think about what I could use,
I’ll have to decide,
With my eyes open wide,
What I’ll give up and what I will choose.
Opportunity cost!
It’s the thing you give up when you choose.
It’s the price that is paid
When a choice must be made.
It’s the thing that I surely will lose.

3. The Market Song
(Tune: My Bonnie Lies Over the Ocean)
original song: http://songsforteaching.com/folk/mybonnieliesovertheocean.htm

Consumers buy good from producers.
Consumers buy services, too.
Consumers buy things from producers,
And use them; yes, that’s what they do.
Consumers! Consumers!
They pay the producers for what they use.
Consumers! Consumers!
They pay for the things they use.
Producers make things from resources.
Producers make services, too.
Producers make things for consumers.
And sell them; yes, that’s what they do.
Producers! Producers!
They make things by using resources.
Producers! Producers!
They make things and sell them to use.
Markets are to buy and sell things.
Markets are where we exchange.
We exchange as we buy and we sell things.
Producers, consumers exchange.