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Ssresources-nc - Using Music to Teach Social StudiesEconomics and Art Website - the Krannert Intranet! - Purdue University ART AND ECONOMICS: A WEB SITE FOR ECONOMICS TEACHERS. At a new Web site, a series of PowerPoint slide shows featuring paintings, prints, drawings, etchings, and lithographs are available for classroom use. There is no charge for using the site, but users must agree not to download, copy, or print the images of the artwork. (Using Art (Paintings, Drawings, and Engravings to Teach Economics). Movies for Economics. Provides a database of feature films that relate to economics. American Gangster (2007).Denzel Washington's character goes straight to the source of heroin in SE Asia to buy it in bulk. He then is able to sell a better (= more pure) product at a lower price than existing dealers. In order to accomplish this he brands his heroin «Blue Magic» – a good illustration that brands convey information to consumers. Competitors respond by asking him to collude. Competition, Collusion, Branding, Economics of Crime, Entrepreneurship. Austin Powers: International Man of Mystery (1997).Imagine if you were cryogenically frozen in the 1960’s and revived 30 years later. Advances in technology, culture, and higher prices would all come as a shock. After viewing this scene you can encourage students to think about demand-pull and cost-push inflation. In the intervening time period demand-pull inflation occurred (as a result of an increase in population) and cost-push inflation (resulting from the 1970’s oil embargos) also caused prices to rise. Inflation, Real and Nominal Prices. Blood Diamond (2006).Conflict diamonds are a crucial factor in prolonging armed conflict in parts of Africa. Black markets, supply and demand. Career Opportunities (1991).Frank Whaley plays a young man who has a job as a night janitor at Target after washing out of several other jobs. Instead of cleaning the store as he’s supposed to do, we see him shirking on the job by doing things such as roller skating around the store, eating candy bars from the shelves, and watching movies. While roller skating he is surprised by a young woman (played by Jennifer Connelly) who has hidden in the store to escape her overbearing father and crashes into a display. When she approaches and asks what he’s doing in the store, he replies “I work here.” The scene provides a great example of the principal-agent problem. Principal-Agent Problem. Cast Away (2000).Tom Hanks plays a Fed Ex employee who is stranded on a deserted island for four years. In this scene we see him learning to make fire. There is no one there to help him so he has to find out the best way accomplish this task by himself. Effectively, he is forced to live a life without specialization. The irony is that before he became stranded he helped deliver important packages around the globe so that people could specialize using their comparative advantage. This movie is poignant reminder of how difficult life would be if we had to do everything for ourselves. Specialization, Comparative Advantage.  A Civil Action (1998).“A Civil Action” is a 1998 film starring John Travolta as a trial lawyer who brings suit against two corporations accused of causing wrongful deaths by dumping toxic pollution. The last two scenes illustrate the concept of externalities; the first two clips are excellent examples of cost-benefit analysis (by Travolta’s firm in initially deciding not to take the case). Confessions of a Shopaholic (2009).A shopping addict decides to sell all her clothes to pay off her credit card debt. Contrary to what usually happens, she leverages here notoriety as someone with exceptional taste to sell her used clothes for what she paid for them. The end of the scene also shows an auction for a green scarf that can be shown to discuss subjective value. Cool Hand Luke (1967).Paul Newman decides to eat 50 eggs on a whim in order to spice things up while in captivity. Diminishing Marginal Utility. The Cove (2009).This Oscar winning documentary is filmed mostly in Taiji, Japan, a town that appears to be devoted to the wonders and mysteries of the sleek, playful dolphins and whales that swim off their coast. However, in a remote cove, under the cover of darkness, the fishermen of Taiji, drive hundreds of dolphins to shore each day to collect dolphins for captivity, and slaughter the remaining mercury-tainted animals for consumption. The movie is a chilling and a powerful reminder of what some people will do to exploit a common resource for personal profit. The film is a very useful starting point for a discussion of the exploitation of common resources. Coyote Ugly (2000).This is a great example of a successful auction with an unusual ending. The auctioneer, Violet Sanford, needs to raise $250 quickly to keep her job. When the bidding reaches $250 she ends the auction, oblivious to the fact that the bidders would have gone higher (incurring a significant opportunity cost in the process). This scene can be used to introduce or discuss auctioning mechanisms. Auctioning Mechanisms. A Day Without a Mexican (2004).Imagine California without any Hispanics and you have the premise of this offbeat film. The most memorable scene occurs when all the Hispanics disappear and the remaining people realize how much they miss them. Another (briefer) scene shows a television commercial advertising a disappearance sale where the store marks everything down 50%. Labor Markets, Trade Barriers, Immigration. Demolition Man (1993).In the future the world seems blissful (there is no crime and all negative behaviors have been eradicated). However, under the streets of San Angeles there are a group of outcasts who live in poverty. Dennis Leary, the leader of the underground society, gives an impassioned speech that encourages the downtrodden to resist the stamping out of free expression. Bottom line, utopia isn’t worth it if it comes at the price of personal liberty. Monopoly, Choice, and Economic Freedom. Dirty Pretty Things (2002).The movie revolves around illegal kidney harvesting. Immigrants sell their kidneys to get doctored passports so that they can stay in the United Kingdom. In the scene the “win/win” nature of kidney transplants is explored. There are serious ethical dimensions here as well as the exploitation of the poor. The scene will raise eyebrows and prompt a spirited discussion. Property Rights, Gains from Trade. Driving Miss Daisy (1989).In this scene Daisy's son (played by Dan Ackroyd) trades her car to a car dealer. Hoke, the driver played by Morgan Freeman, has arranged to buy the car from the dealer. In conversation with Daisy's son, says to Hoke that it's a good car but of course he knows that since he's been the driving it (indeed, he's been the only driver of the car because Miss Daisy got a driver after wrecking her previous car). The clip is a great introduction to asymmetric information and the "lemons problem”. Dumb and Dumber (1994).Two dim-witted pals accidentally open a briefcase full of money and eventually end up using it as tissue for a runny nose. Diminishing utility of money. Erin Brockovich (2000). Ed Masry (Albert Finney) and Erin Brockovich (Julia Roberts) meet with a representative of Pacific Gas & Electric to discuss a settlement offer from the firm. The company offer compensates the claimants for the value of the land they own, but no compensation is offered for medical damages as a result of toxic poisoning. Erin Brockovich believes that many of the health problems in the affected community can be traced to the introduction of the poison into the groundwater. However, PG&E counters that the condition of the residents is a result of lifestyle choices, heredity, and bad luck. Externalities. Ferris Bueller’s Day Off (1986).Ben Stein plays a high school economics teacher, but he has a problem, no one is listening. In the clip, Ben Stein is lecturing on macroeconomic issues. You can then contrast what Ben Stein is discussing with what the students are doing (the micro side). This clip is funny and short. It can also be used as an icebreaker in an introductory lecture. Understanding the Difference Between Microeconomics and Macroeconomics. Forrest Gump (1994).When Forrest Gump enters the shrimping industry because of a promise to a fallen friend it has the expected result initially - Forrest has trouble - finding shrimp. However, when your life is a series of amazing coincidences things have a way of working out. The fishing industry is a highly competitive industry where profits are hard to come by, even for those with experience. However, the twist is that a hurricane washes ashore and it destroys all the other shrimp boats, except Forrest’s. Since Forrest has the only boat left, he gains a temporary monopoly and he catches all the shrimp. In this scene the shrimp are a metaphor for profits and they provide a compelling way of contrasting competitive and monopoly solutions. Sources of Monopoly, Competition. Gangs of New York (2002).From next to Brooklyn Bridge in Queens, one sees the rise of the Manhattan skyline from 1964 until 2001. This illustrates how much life has changed through a time lapse and captures the essence of economic growth. Groundhog Day (1993).Bill Murray keeps reliving the same day in his life over and over again. Every morning he wakes up and he encounters the same people and places. Eventually, he learns exactly what they will say and do and he reacts accordingly. Adaptive and Rational Expectations. A Knight’s Tale (2001).Three peasants wrestle with how to spend 15 silver coins that they have won in a jousting tournament. One of the peasants (played by Heath Ledger) encourages the other peasants to reinvest their winnings in training and equipment so that they can make more money later. This creates tension between consuming more now and saving more with the hopes of enjoying a higher standard of living later. The three peasants, after an extended argument, decide to spend two coins now and reinvest the other 13 coins in jousting equipment and training. You can use this decision to show how an increase in investment can expand the PPC in the long run. Production Possibilities Curve. Mad Money (2008).A three minute segment raises issues of unemployment, downsizing, discrimination against and the employability of older workers, and so-called discouraged workers. For example, a character played by Ted Danson is asked by his wife why he hasn't applied for any jobs. He replies that he's given up because he had been searching for a year without success. His wife (played by Diane Keaton), who is also searching for a job, encounters difficulty finding a job because of her lack of computer skills (she's asked what programs she's proficient with an replies Google; her college degree was in comparative lit). There is one other segment that discusses the role of the Fed and the effect of increasing the money supply. Willy Wonka and the Chocolate Factory (1971).Roald Dahl’s well-known children’s classic is filled with economics. Gene Wilder stars as Willy Wonka, an eccentric candy mogul, who devises a clever plan to identify his successor. He places five “golden tickets” inside his candy bars and promises anyone who finds one a lifetime supply of chocolate. Supply and Demand, Substitution Effects, Scarcity. Trading Places (1983).Markets can be manipulated and exploited when one side had more information than the other. Guess what happens when two parties have privileged information and the information that they have is not the same! Dan Aykroyd and Eddie Murphy outsmart their mentors (the Duke brothers) in an effort to ruin them. This is a very funny clip on inside information and stimulating look at how markets work. Moreover, this can also be used as a springboard for a discussion on the market efficiency hypothesis. Asymmetric Information, Efficient Market Hypothesis. Tucker: The Man and His Dream (1988).Jeff Bridges plays Preston Tucker an innovator and entrepreneur who designs a better automobile in the 1940s. However, the big three automobile companies in Detroit, do not want to compete with a new company so they devise a strategy that will put Tucker out of business. Oligopoly, Collusion. Указание длительности эпизодов смотрите на http://www.moviesforecon.com/table.htm.
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