Valentine’s Day Meets Economics

BY Roman Hardgrave ON Thu, February 12, 2015

How do Valentine’s Day roses bloom in florists' shops in Chicago – in the middle of winter?

In a new MRUniversity video, I, Rose, we’ll take you around the world for a glimpse at the rose growers and distributors who bring fresh, affordable roses from sunny locales to chilly cities for the holiday.

Next, in A Price is a Signal Wrapped up in an Incentive, we’ll show the invisible hand at work as we discuss how the flower industry responded to the 1970s oil crisis.

For more on these videos and a sample lesson plan on price signals, check out our Valentine’s Day resources page.