An Economic Approach To Surfing :: essays research papers fc

An Economic Approach to Surfing   Ã‚  Ã‚  Ã‚  Ã‚  The following represents a specified depiction of a typical day of surfing for me, in a manner described using economic terminology. Although there are many definitions of surfing these days, including surfing the internet, surfing departments stores, magazine surfing, etc., we will focus on the meaning of surfing as it was originally intended, defined as â€Å"The water sport of riding the surf into shore† (Webster’s New World Dictionary, p.739) Using this, I will recount a surf trip a friend and I made to the beach a few years ago, beginning and ending at my home in Valley Center California. The Events I experienced will be depicted using primarily economic concepts. What would seem like ordinary events will be portrayed using an economic microscope of interpretation.   Ã‚  Ã‚  Ã‚  Ã‚  It is five A.M. on a scorching Saturday morning in the summer of 1998, and I am awakened by the unpleasant sound of my alarm clock. Now you may be wondering why I am crazy enough to wake up this early on a Saturday, but for the dedicated surfer it is a necessity that one must take in order to maximize utility. Utility is defined as â€Å"A measure of the satisfaction, happiness, or benefit that results from the consumption of a good† (Arnold, p. 849). The good in this case being surfing, and in order for me to be fully satisfied, receive happiness, and benefit optimally from this good, I must awake early. By awaking at five A.M., I can prepare for surfing without other members of my family inhibiting me because they will all be asleep. Everything is quiet and peaceful, and this factor alone allows me to start my day in a sort of positive and spiritual mode.   Ã‚  Ã‚  Ã‚  Ã‚  The roads at this time in the morning are virtually empty, which enable me to arrive at the beach in approximately 20 minutes as opposed to 35 minutes during regular hours. The main concept explaining this circumstance has to do with supply and demand. At five A.M. the amount of traffic in relation to spaces available on streets and freeways is relatively small. At eight A.M. however, the amount of traffic in relation to spaces available on streets and freeways is relatively large, often causing extremely congested circumstances. Granted, my surf trip is on a Saturday, and most people have the weekend off from work, but the same economic concept applies on the weekend as it does during the week, but not as drastically.