Economic Lessons from Cheers: How Much did Norm Peterson Spend on Beer?

Описание: Cheers is one of the most popular TV shows of all time. And within it, there are many economic lessons. In this video, we examine Norm Peterson and how much he spent on beer. To make the analysis easier, we adjust for inflation so everything is in 2023 dollars.

This is the first in a series of videos on the economic lessons from Cheers. Subscribe and click the notifications bell to receive updates when new episodes are released.

#Cheers #Normpeterson #economics #teachecon

Chapters:
0:00 Introduction
0:53 Norm gets cut off because of his bar bill
1:39 How much did Norm spend on beer annually?


Background on Cheers from ChatGPT:

"Cheers" is a classic American television sitcom that originally aired from 1982 to 1993. Set primarily in a cozy Boston bar called Cheers, the show revolves around the lives of its quirky and endearing patrons and staff. The central character is Sam Malone (played by Ted Danson), a charming former baseball player turned bartender and owner of Cheers. The bar serves as a focal point for various entertaining and heartwarming interactions between the diverse group of regulars, including Norm Peterson (George Wendt), Cliff Clavin (John Ratzenberger), Carla Tortelli (Rhea Perlman), and Coach Ernie Pantusso (Nicholas Colasanto, later replaced by Woody Harrelson as Woody Boyd).

The show's humor and charm lie in the witty banter, humorous misunderstandings, and genuine camaraderie that develop among the characters over the years. "Cheers" skillfully delves into themes of friendship, love, and the struggles of everyday life, resonating with audiences as it humorously navigates the ups and downs of relationships. Throughout its run, "Cheers" remained a beloved and acclaimed series, successfully blending comedy and drama to create an enduring television legacy.