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Your paper should examine the connection between economics and some form of
arts/entertainment – film, sports, art, music, theatre, literature, or other. One approach is
the dual focus of how economics narrates through theory and models, and how
arts/entertainment constructs and conveys economic narratives – this has been the
primary approach thus far in class. Another focus of our study is how the organization of
the output and labor markets impact the arts and entertainment.
I. Introduction
A. Competitive Dance for youth ages 3 to 18
Some Studio have over 200 kids that dance for their competition team. Dances vary from Jazz, Hip Hop, Tap, Ballet, and Lyrical. The kids can be in 1 team all the way to 17 teams. The amount of hours varies from children.
II. Body
A. The process in which child gets selected to be on a dance team
1. The supply of dancers vs. the studio’s demand for dancers (the amount of youth that audition vs. the amount that make it
2. Discrimination in selection for boy and girls. Boy prices are lower because supply of boy is low.
B. Opportunity Cost
1. Cost of technique class (what I have found out is girls have a cost of about $270 and boy cost $120 a month
2. Discrimination in fees charge between boys and girls. It is harder for parent to pay a larger amount for boy to dance
3. Cost of competition fees can vary $40 with a team and around $100 for solos
4. Cost of costumes $250
5. Cost of travel to competitions. Where they compete it can be local or out of town
C. Human Capital
1. Time invested in dance
2. Comparatives Advantage between dance Jazz, Tap or Hip Hop
D. Labor Market
1. Employment at dance studios
III. Conclusion
Even though the cost of dance can be outrages I am still torn whether dance is worth it or not. I guess the biggest question is; can you afford it? If cost is not a problem then dance helps children with coordination, following instruction, teamwork, discipline, and teaches hard work. Children can be productive during their college years because years of dancing they gain human capital which leads to a job as a dance teacher.
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