That's a pretty meaningless statement. Just because you can explain something with the concepts in covered in econ 101 doesn't mean that you understand it after econ 101.
Few people who understand even basic economics are surprised that a mid-sized US city can't keep up with the demands of being a center of the most successful industry of this era. Nor that people who aspire to be the next Steve Jobs are willing to pay more than hippies who would rather not work.
The reason it is an advanced economic question isn't because that the economics is complicated, but because the real life factors are. If you think it's simple and you're convinced you're right you should go be an analyst and make a lot of money.
