1) Draw and explain your own consumption-leisure decision. (Watch example video.)

2) In "Leisure Luxuries and the Labor Supply of Young Men" (2017), Aguiar, Bils, Charles, and Hurst argue that the decline in labor participation of men aged 21-30 is due to improvements in video games. The authors are able to attribute to half of the increase in leisure time among this group since 2004 to these improvements. Using our model from Chapter 2 and assuming some non-zero endowment, show (I want a graph) and explain the effect these improvements could have on the labor force participation decision of a hypothetical young man.

3) Go toFRED and look up the unemployment rate, labor force, and population for Houma-Thibodaux. Discuss any patterns you observe (note that these series are not seasonally adjusted, so you can ignore the small spikes in January and June every year), as well as whether any increases or decreases in unemployment during some time period of your choice are likely frictional or structural and explain why you believe that.