Leo Bloom is an accountant- a job that he and his coworkers all find fairly boring. Leo has a dream of quitting his job and being a producer on Broadway. There are costs and benefits that Leo faces in each of the two fields. Learn about Labor Economics and Compensating Wage Differentials in this clip! […]
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Harvard Law Students are learning about what it takes to be a lawyer- and how they must act if they wish to be successful. Some students want to have fulfilling careers, while others don’t mind being “sharks” and looking for the “blood in the water”. Learn about Labor Economics and Compensating Wage Differentials in this […]
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& Juliet takes place before Romeo and Juliet had been performed. Anne Hathaway and William Shakespeare are discussing the ending of the play; Anne thinks that Juliet should live a fulfilling life and William’s ending is quite different. Learn about wants, resource allocation, constraints, and maximizing utility in this clip! Discussion Questions for “I Want […]
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Beth and Stephen are New York City planners. They dream of making the city a better place to live through creating plans, rules, zoning restrictions, etc. Many other cities across the United States and around the world hire economic city planners; however, there are some critiques of the actions of government economic planners. Learn about […]
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Norma Desmond was the biggest star of Silent Movies. But when the talking movies came out, she was no longer a star. Here she laments her turn in life and vows to get back on top. This is a great illustration of creative destruction. The new innovative industry puts people in the old one out-of-business. […]
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Lawrence and his bodyguard sing about their scheme to con money from their wealthy victims: desperate ladies. Lawrence is planning to con money from these women by “giving them what they want”.Giving customers what they want is a great strategy for legitimate businesses; the most successful firms give the customers exactly what they want to […]
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Arthur and his coworkers at the shop discuss what they would do if they had some “Money to Burn”. Of course, they all would like some slightly different things due to different preferences. Learn about preferences, as well as GDP and its components (Consumption, Investment, Government Expenditure, and Net Exports) as the shop workers discuss […]
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When emergency strikes on September 11, 2001, a community steps up to help. There are several hundred people need assistance through a place to stay and essential supplies, which increases the demand for many goods! Learn about principles of demand and supply, as well as what the shop owner does to help alleviate the increased […]
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Barbara and Adam are in their attic looking over their belongings. Barbara first realizes, followed by Adam, that they no longer get the same enjoyment from these as she once did. This can be explained using the principles of tastes and preferences as well as an introduction to utility, which will be explored in this […]
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Stuck (Groundhog Day) What are the value of credentials? When Phil Connor needs psychiatric help, he runs into all sorts of people willing to help —- but not all have the training he might have wanted. Learn about credentials – and government mandates on them – in this video. Warning- Explicit Content (Profanity) Discussion Questions […]
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