Download Economics in Film and Fiction by Milica Z. Bookman PDF

By Milica Z. Bookman

Economics is in all places. it is in enterprise. it truly is in executive. it really is in our own lives. Now, this ground-breaking textbook complement brings this fact to the classroom.

The booklet makes use of either modern and vintage movie and literature to demonstrate 33 primary ideas in introductory economics. Designed to be used in introductory economics classes, the sincerely prepared textual content brings each side of the lectern nearer jointly via real-life representation of financial recommendations in such favorites as Jaws, Legally Blonde, Casablanca, The nice Gatsby, The Scarlet Letter, and The Da Vinci Code.

Each fiscal subject is defined and phrases are outlined. A plot synopsis of a movie or ebook units the level for every dialogue. utilizing a close scene description, the authors then exhibit how the scene illustrates the concept that below learn. school room dialogue and assignments are facilitated via a chain of questions that probe deeper.

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Example text

Such trade is beyond the expertise of Vincent who is, after all, just a petty thief. Nevertheless, he pursues it with a vengeance and sets out on a long road trip to make the delivery. His efforts are complicated by Julius, his do-good twin who keeps trying to make him honest. Julius comes along for the ride, as do Vincent’s girlfriend and her sister. Julius does not understand that even if Vincent decides to turn over a new leaf and resist the temptation to pocket $5 million, he cannot stop. He has compelling nonmonetary incentives to engage in the trade with the Texan because by now the bad guys—the ones for whom the loaded Cadillac was originally intended—know his identity and are on his trail.

When first introducing his service, he tells the Plain-Belly Sneetches, “My prices are low. And I work at great speed. ” Even though he is the only supplier of his product, McBean drums up demand by assuring potential customers that the purchase of his service will not make a big dent in their wallets. The fact that he works fast is also meant to stimulate demand by assuring buyers that the star stamping will not take up too much of their time (McBean is considerate of the opportunity cost of their time).

Indeed, it is unlikely he would have driven his starstamping car all the way to the Sneetches’ beach for just one Sneetch’s demand for a star. When Mr. McBean realizes just how much Sneetches are willing to pay for a star (or rather, for becoming one of the popular starred Sneetches), he becomes motivated to supply more of his product. His behavior illustrates the law of supply as he takes his innovative machine over to a new group of consumers, the Star-Belly Sneetches, suggesting they should remove the stars from their bellies (and thus differentiate themselves from 26 Chapter 4 the imposter starred Sneetches to whom he has just sold his services).

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