The branch of economics, categorized as a social science, primarily focuses on the complex processes behind the production, distribution and consumption of various goods or services. The term itself originates from the Greek words “oikos” and “nomos”, meaning house and law.
One of the commonly accepted definitions of economics is the one given by Lionel Charles Robbins (1898 – 1984), a British economist and head of the economics department at the London School of Economics. He states that “Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses”.
The primary purpose of the documentaries and video materials compiled in this category is to show you how the world of economics works. From micro to macro business systems, there are a number of systems in which the rules of economics are applied.
With the growing complexity of business systems and the manner in which business is being conducted worldwide, there is also an ever growing demand for the economical apparatus to accompany those systems.
Now, let us focus on the practical examples of the development and function of the economics in everyday life; the causes, assets and results of the application of the above mentioned science.
Enjoy the tour across Canada and see the experiences of two volunteers at the organic farms and the position of the small scale farming compared to the large scale ones crucial for the economy of the country.
Watch the documentary on the economical manufacturing collapse in Detroit and see the consequences if it. Discover will the people of Detroit succeed in their final attempt to recover from this disaster and restore the economical stability this great city one had.
Find out the horrible truth behind the manufacturing one of the most popular products in the world. The chocolate that is being consumed every day worldwide hides an awful secret that the public was made aware of in 2001; the workforce on the cocoa farms in the Ivory Coast is mainly consisted of African children who are victims of slavery, trafficking and various other forms of abuse.
Latest Documentaries in Economics
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The Rothschild Family - Puppet Masters - World's Only Trillionaires"Give me control of a nation's money and I care not who makes the laws." "We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent." ~ Rothschild
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Meltdown: The Secret History of the Global Financial Collapse narrates the story of the bankers who crashed the global economy, the leaders who did not manage to save it and the ordinary families who were badly impacted by it all. Doc Zone travelled from Wall Street to Dubai to China to investigate the story.Sep 2008 represented an exceptional chain associated with incidents: General Motors, The world’s largest company was down in the dumps. Washington Mutual became the world’s largest banking catastrophe. The Lehman Brothers became the world’s biggest bankruptcy. The impact spread like fire destroying global confidence in the fundamental structures of the international economy.Meltdown also narrates the stories of the desperate foreclosed homeowners in California, misled autoworkers at the end of the line in Ontario and angry workers in France who scandalised the world by kidnapping their employers.1. The Men Who Crashed the World: Hunger for Greed and the rashness of the Wall Street Bulls ignite one of the biggest financial falls since the Great Depression. It is upto the former Wall Street banker, Hank Paulson Secretary of the US treasury to try and avoid any further tragedies.2. A Global Tsunami: The meltdowns destruction flows around the world from California to Iceland and China. Facing economic downfall, in dire straits world leaders are at each other’s throats.3. Paying the Price: The victims of the meltdown fight back. In Iceland, protesters force a government to fall. In Canada, ripped off autoworkers occupy their plant. And in France, furious union members kidnap their bosses.4. After the fall: The shaken and disturbed world leaders question the basis of modern capitalism while asking: Can all this happen again?
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This short documentary is really good attempt by the British Hellenic Chamber of Commerce (BHCC) when they presented this at their Annual Conference in London on 28 June 2011 to dispel many of the myths and common misconceptions surrounding Greece and it people.It is really pertinent in 2012 because the economic situation in Greece has deteriorated…but the underlying principles and messages outlined in this short documentary/presentation hold true to this day (bar the statement on peaceful protesting perhaps).Greece is a timeless country and the beauty of the country and it’s people will remain as it has done over the previous centuries of torrid times.The documentary goes a long way to dispel many of the commonly held myths and beliefs and it does so in a very creative and simplistic way..which again is aligned to the Greek people themselves. The Greeks work more average hours than many of the leading European countries. They have invested heavily in new and modern technology and infrastructure.Greek exports have increased by approaching one third and they have a wealth of natural resources which can be developed to bring them out of the difficulties they currently face through the fault…not of their people but the people in power at the head of government. They have almost infinite sunshine giving immense potential for solar power generation. They have the constant Aegean winds for wind power and the potential with such a massive coastline for further power production… Green sustainable energy is required not just in Greece but around the world.. Greece also has a wealth of Natural Gas resource which is not fully exploited yet.Even though tourism was predicted to RISE by 20% in 2011 it probably fell somewhat due to the general economic world recession and in some small way due to the unrest in Greece in general. The fact remains that Greece is such a beautiful place, with beautiful people and beautiful weather that despite what politics dictate Greece as a whole will continue to be a dream destination for any tourist. great holiday destinations and a plethora of things to do see and visit again dispel many of the common myths. I myself have just returned from spending 4 months researching for a travel site www.mygreeceholiday.com and was simply enthralled by the country and will certainly be back there within the year.The music in the documentary is nicely in keeping with the flavour of the message being presented…views of magnificent blue flag beaches and wonderful museums and ancient ruins complement the key message at the end of the documentary. The Greeks are resilient and WILL come through this latest bout of dis-rest and economic uncertainty.If you wish to understand more about the work of the British Hellenic Chamber of Commerce (BHCC) go to their site here http://www.bhcc.gr/Another relevent documentary covered here on Documentarytube is to be found here http://www.documentarytube.com/coming-here-soon-greece-bust-and-broken
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Popcorn Sutton’s last run of moonshine. Just before his death, the legendary Popcorn Sutton allowed a film crew to shoot his last run of moonshine so that people can see what a moonshiner has to go through to continue business. This was filmed on a VHS video camera (by a close friend) and was never copyrighted or meant for distribution to other than Popcorn’s friends and relatives.
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This 80-minute documentary focuses on the growing “wealth gap” in America, as seen through the eyes of filmmaker Jamie Johnson, a 27-year-old heir to the Johnson & Johnson pharmaceutical fortune. Johnson, who cut his film teeth at NYU and made the Emmy®-nominated 2003 HBO documentary Born Rich, here sets his sights on exploring the political, moral and emotional rationale that enables a tiny percentage of Americans – the one percent – to control nearly half the wealth of the entire United States. The film Includes interviews with Nicole Buffett, Bill Gates Sr., Adnan Khashoggi, Milton Friedman, Robert Reich, Ralph Nader and other luminaries.
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‘The New Rulers of the World’ is a documentary film by John Pilger focusing on one such question which the mainstream media does not highlight – the true effects of Globalization.He asks some very penetrating questions such as Who are the real beneficiaries of the globalized economy? Who really rules the world now? Is it governments or a handful of huge companies? He gives examples of big multinational companies like Ford and immensely rich people like Bill gates and contrasts them with Nationns like Africa to bring out the difference and highlights that the divisions between the rich and poor have never been greater — two thirds of the world’s children live in poverty — and the gulf is widening like never before.He talks about Indonesia, which once harped up by The World Bank as a model for the entire world, collapsed in 1998 after the fall of its global economy.The film takes the audience to Indonesia and Washington, exposing the scandals of globalization, including revealing interviews with top officials of the World Bank and the IMF, and shows how the reality behind much of modern shopping and the famous brands is a sweatshop economy, which is being duplicated in country after country.
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The account behind maybe the best recipe ever created in finance: the Black-Scholes-Merton alternatives pricing model. Two of its creators were granted the Nobel Prize in Economic science in 1997. A yr. later their hedge fund Long Term capital Management (LTCM) had fallen in with stupefying losses of $ $ 100 billion dollars a result of substantial leveraging of a typical scheme.The Black-Scholes Recipe was deduced by noting that an investor can just double the payoff suitable call option by purchasing the underlying stock certificate and funding piece of the stock certificate purchase by borrowing. Only five variables were needed: the cost of the stock certificate; the usage toll of each pick; the riskless interest rate; and how much time to due date of a typical option. The only unobservable is the unpredictability of a typical underlying stock certificate cost.The problem with a theoretical account (which presumes the drive to use riskless arbitrage and active hedge in uninterrupted clip) is that it doesn’t consider how an alteration in marketplace dynamics (noticeably fluidity risk of exposure and default option) can impact overall marketplace opinion.This means the tolls of properties and assets can in some abrupt instances vary from what the rule says should keep. LTCM was brave and took a contrarian perspective. It took over still further from the face of a typical comprehended profitable effect. Instead the opposite materialized (things just kept getting worse day in day out).
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The Last Ice Merchant tells the story of Baltazar Ushca, who for over 50 years has harvested ice off of the glacier on Ecuador’s Mount Chimborazo twice a week. A family business, he is the last of his brothers to work at this job, the others having retired. What used to be an industry of almost 40 other merchants is now down to one man.This film shows how he and his brothers try to adapt to the changing economy, where people now don’t need natural ice, but are happy with man-made ice. His fear is that once he dies, the tradition of bringing ice down from the glacier will die with him.Read the story: http://thelasticemerchant.com
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What happens when America’s ‘just-in-time’ food distribution system collides with drought, followed in turn by massive price inflation asthe dollar is printed into oblivion? Very hard times, dead ahead. You’ve been warned.
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This is simply a must see demonstration by one eloquent young girl explaining to the UN how things are in the world. This was totally unexpected from someone so young and you can see and sense the disbelieve and then the full realisation by those she was addressing. With millions of viewings on youtube this is a must see with a message.Representing a children’s Environmental organisation she and her 13 yr old friends travelled 5000 miles at their own expense to present their case.She is here to speak for generations to come; here to speak for the helpless and yet she is afraid because of so many global issues and she addresses the following and more:global warmingozone layerdepletion extinction of speciesRiver polutionDeforestationWarPovertyBehaviourRespectGreed“I am only a child but this is how I feel!”Her final words epitomise the speech..“You are what you do not what you say…well what you do makes me cry at night.I challenge you…make your actions reflect your words.”This is truly a griping short 7 minute video which should be held as an iconic address and reflected upon by those in “power”
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Solar PV systems have now made a massive leap in the energy generation field. We have always been hunter gatherers but now it is more hunting for energy and fuel to produce this energy…fossil fuels are so depleted now and we explore the challenge from the alternative. SOLAR ENERGY … and this is Solar energy on a massive scale!!This is a Gigawatt industry in the next few years.Germany is leading the way in the production of this clean quiet energy and the model for this should be adopted by other countries. The growth in this energy sector is expanding at a phenomenal rate and is probably aligned with the subsidies afforded by the German government.This has moved from simple “Idealism” to the much different model of “Money making”… feed in tariffs now make investment in this technology an absolute “No Brainer” for investors.Countries all over the world are now being forced to work towards utilising a renewable green energy.ALL OF THE WORLDS ENERGY CAN BE PROVIDED BY THE USE OF SOLAR — and this can be easily proven. An area the size of France placed in the Sahara could provide ALL of the energy required by ALL of mankind!! Staggering but true.The feed in tariffs in many countries including UK now allow domestic use of solar energy but it is the mass production of massive systems which will go a long way to erradicate the current fossil fuel disaster around the world.Sadly lobbying by petrochemical and nuclear industries are still making this transition possible. Now with the cost of fuel rising frequently and the cost of electricity in your area, solar technology will have to be adopted rather than traditional energy.The technical advances are staggering and the production of the solar cells are becoming much cheaper and more efficient. Add to this the use of specially designed mirrors mean that this is simply a huge potential to make fantastic changes to how the planet is being denuded. This documentary is not a “touchy feely” prediction…this focuses on massive industrial implications with the ultimate that energy costs can only come down due tot he passive nature of the technology….this is a first ever in the history of the world…but possible and probable.There are now solutions which have been studied and developed over 25-30 years and put into large scale manufacture will drive the cost of energy down…this is a revolution. This is being dubbed the ET (Energy Technology) Revolution much bigger than the IT Revolution.The documentary has the feel of the excitement which is being felt and developed in this industry. Conventional power industry is only going to lose out in the future.India is taking up the gauntlet to get a foothold in the provision of energy…they have te capability and the drive to do so.Solar energySolar integrationSolar useSolar was in the past too expensive but it has now dropped in cost by a factor of 10 so is 10 times cheaper and now extremely competitive and clean and limitless.Spain has produced a system producing a massive 300 megawatts solar field based upon solar reflection rather than PV (Photo Voltaic) cells and with the oil prices spiralling they are benefiting every time this happens.A plant in USA has been doing this for over 20 years in Mojava Desert CSPs (Concentrated Solar Plants) have been operating in a private self sustaining setup so this is absolute PROOF that solar is the way ahead and the only reason it has not been undertaken in greater scale because of the petro chemical lobby!!The deserts are destined to become the new generators…and they can also be used to convert salt water into fresh water.The major difficulty is down to the politics surrounding this massive change…the conflict between Petro chemical companies with their lobbying power in worldwide parliaments… and the affordable energy and water distributors.Politics!!!!!! Or do we want a caring compassionate world….we can save the planet….Huge off shore islands are being planned…fantastic ideas shown here…prototypes are actually under construction.We do not wish to become dependent upon monopolies again and the best approach is to have many self producing decentralised power plants. Solar panel on a roll are being produced so they can be rolled out on factory roofs for example.Energy payback is now less than a year making this another no brainer. The documentary debates whethher the energy yield is competitive with bio mass for example…the difference is that solar is 50 times more effective…staggering…and clean.If you wish to read more on this subject please visit http://www.solarenergy.com/There is another fascinating article relating to eco power and sustained living http://www.documentarytube.com/garbage-warrior
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Manchester City Council state only 7 people sleep rough in the city. If they are sleeping in a bus shelter, that counts as a roof. With the number of people sleeping rough in the UK rising, this film take a look at the people that the council say don’t exist.
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Quants are said to be mathematical wizards or computer programming experts behind crashin Wall Street with their financial products. We very well know that how our global finanacial system is totally depended on mathematical models, and even here Quants are the one’s who with another technological revolution in finance are trading at the speed of light.We always think about risks of treating the economy and it’s markets as a complex machine. It’s important for us to know if we would be able to keep a control of our model based financial system or not.This documentary offers some insight into the question: “what is a quant?” and gives a rare glimpse into this arcane corner of Wall Street and global financial markets.
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Academy Award-winning director Alex Gibney (Enron: The Smartest Guys in the Room, Taxi to the Dark Side) presents his viwe of how the gap between rich and poor Americans is so contrasted, as illustrated by this famous boulevard in New York City.“Money is being used to buy results”. If you thought you can rise to the top by just working hard, this film will challenge that idea. The film really looks at how the rich are getting richer.A film by Why Poverty.
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Money As Debt is a fast-paced & highly entertaining animated feature by artist & videographer, Paul Grignon. It explains today’s magically perverse DEBT-MONEY SYSTEM in terms that are easy to understand. This is a must see for anyone interested in the economy and how it works.