Pennsylvania State University-Main Campus
Materials Contributed through SERC-hosted Projects
The Hudsucker Proxy: Using Media to Teach Economics part of Pedagogy in Action:Library:Using Media to Enhance Teaching and Learning: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 the late 1950s, over 25 million were sold in four months. This short scene illustrates the difference between a movement along a demand curve and a shift of the entire curve, a subtle point that many students struggle with.
A Beautiful Mind: Using Media to Teach Economics part of Pedagogy in Action:Library:Using Media to Enhance Teaching and Learning: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 self-interest and contrast it with the social optimum. Nash's work has augmented Adam Smith's "invisible hand" theory by extending how self-interest is modeled. This scene is must viewing even though the scene itself contains flawed economics (explaining why the scene is NOT a Nash equilibrium helps students learn the concept in greater depth).
Ebay: Using Media to Teach Economics part of Starting Point: Teaching and Learning Economics:Teaching Methods:Using Media to Enhance Teaching and Learning:Examples
Ebay is a parody of I Want it That Way by the Backstreet Boys a #1 hit from 1999. This song contains animated lyrics and an economic explanation that are synchronized to the music. The song explores a wide range of economic issues including: markets, supply and demand, and gains from trade.
Other Contributions (2)
Using Media to Enhance Teaching and Learning part of Pedagogy in Action:Library:Using Media to Enhance Teaching and Learning
Developed by G. Dirk Mateer, Penn State University, with considerable help from Linda S. Ghent, Eastern Illinois University, Tod Porter, Youngstown State University and Ray Purdom, University of North Carolina at ...
Dirk Mateer part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Senior Lecturer and Co-Director of Undergraduate Studies 606 Kern Building Department of Economics Penn State University University Park, PA 16802 email@example.com Phone: 814.863.2651 Fax: 814.863.4775 Background ...