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This assignment is based on the Economists in the Wild episode on the economics of wine.

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This assignment focuses on how wines are mispriced when wine is initially sold; check out our related assignment that focuses on using regression analysis to predict wine prices.

In this episode, Orley Ashenfelter introduces us to his research on using the weather to predict the quality of mature wines.

By watching the video and answering the questions below, your students see how you can use economics to analyze almost any situation!