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The Hudsucker Proxy: Using Media to Teach Economics part of Examples
This film chronicles the introduction of the hula hoop, a toy that set off one of the greatest fads in United States history. According to Wham-O, the manufacturer of the hoop, when the toy was first introduced in ...
A Beautiful Mind: Using Media to Teach Economics part of Examples
A Beautiful Mind won the Academy Award for best picture in 2001 and it chronicles the life of John Nash who is noted for his pioneering work on general equilibrium theory. This scene is a great way to discuss ...
Statistical Discrimination and Motherhood: Using Media to Teach Economics part of Examples
A news story interviews a woman who claims that it was difficult for her to find employment because she had children. The story is used to examine the concept of statistical discrimination and whether public policy should be used to discourage statistical discrimination in this case.
Opportunity Cost and Normal Profit: Using Media to Teach Economics part of Examples
A public interest group claims that pharmaceutical companies overstate the costs of developing drugs because they include the foregone earnings from the money invested in drug development. The story can be used to discuss the concepts of opportunity cost and normal profit.
Ebay: Using Media to Teach Economics part of Examples
EBay is an animated Flash file that provides an economic interpretation of the lyrics in order to help students learn economic concepts.
"Irreplacable" by Beyonce part of Examples
This flash animation for the song "Irreplaceable" demonstrates how the availability of substitutes affects the price elasticity of demand. Beyonce notes that her current boyfriend is not "irreplaceable," meaning that her demand for him is elastic.
Seinfeld: The Baby Shower part of Examples
This is a clip from Seinfeld in which Jerry does a cost -benefit analysis of installing illegal cable. He decides to commit the crime when he finds out there will be 75 televised Mets games on TV.
The Simpsons, "New Kid on the Block" part of Examples
This is an excellent clip from The Simpsons that demonstrates the concept of diminishing marginal utility and marginal analysis.
"Father Christmas" by The Kinks part of Examples
"Father Christmas" by The Kinks is used in conjunction with Joel Waldfogel's article "The Deadweight Loss of Christmas" to examine the relative value of cash versus inkind gifts. This can then be extended to an analysis of various public policies.
"Closer to Free" by The BoDeans part of Examples
This flash animation for the song "Closer to Free" describes the Economic Freedom of the World index, provides a summary of countries with high and low values of the index, and highlights the importance of economic freedom in a country's standard of living.