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.
Nearly 9 million people in the United States of America lost their job during the 2008 financial crisis. The economic crisis changed the country.It all started due to excessive risk-taking by ba...
When we talk about debt in the Western world, we usually talk about US students and their debt. But they are not the only one. Millennials all over the world have trouble taking care of their de...
You might think that banks are a modern day miracle. But they were here long before that. In fact, development of banking spread from northern Italy throughout the Holy Roman Empire. In the 15th and...
Do you want to learn more and understand inflation and interest rate? Or get a better understanding of the Federal Reserves in America? Well, this documentary is what you need to watch from star...
The saying is “trade is better than aid for Africa”. This documentary explores exactly that. The journey goes through copper thieves and coppers mine barons in the north of Zambia.The countr...
In times of crisis, people seek strong leaders and simple solutions. This documentary traced the story of the economic and financial crisis. It explores the similarities with states like Greece,...
In the world of crypto, OneCoin is a name many hate to hear. The Ponzi Scheme ended up being a $15 billion scam. That is a lot of money.Now, some people never heard of OneCoi...
The financial crisis of 2007-2008 is also known as the global financial crisis. It was a severe worldwide economic crisis considered by many the most serious financial crisis...
When students in the US graduate, they have an average of $37172 in student loan dept. Across the country, that is about $1.5 trillion. Now that is a huge number.There is no ...
Chengdu is the capital of southwestern China’s Sichuan province. The history of the city dates back to at least the 4th century BC, when it served as the capital for the Sh...
Commodities are basic goods used in commerce that are interchangeable with other commodities of the same type. In economics, commodities are an economic good or service that ...
Since becoming a president, Donald Trump has made a point of Making America Great Again. And in his mind, that meant putting America in front of every other country. So, with...
Bernie Madoff is a former market maker, investment advisor, financier, and fraudster. He is a convicted felon, who is currently serving a federal prison sentence for offenses...
Mark Cuban is a wealthy man. In fact, his net worth is estimated $4.1 billion. And he made his money thanks to basketball. As the main investor and owner of the Dallas Maveri...
Governments all around the world are always trying to achieve that elusive dream of free trade. What is free trade? It is a trade policy that does not restrict imports or exp...
When you think about precious metals, gold is usually on top of the list. Which is why silver is often underrated. It is not easy being the second option in anything in life....
Can you be happy if you do not have money and power? Or let’s put it otherwise, how much money you need in order to be happy? How much is enough? Will you be happy if you h...
In the past several years, Linkedin has become the main source for finding jobs. When it was introduced, the social network was imagined as “business side of Facebook”. ...
This short documentary shows you how hard it is to create a documentary regarding fair trade. It is a subject that is popular, but also very limited in terms what is out ther...
We hear the word “stocks” on a daily basis. But what are stocks? Financial and economy experts understand them very well. But not all of us is an expert in finance. Som...
Blockchain is the leading software platform for digital assets. In 2017, Blockchain and bitcoin were among the most searched terms on Google. We can safely say that 2017 w...
Trading on Forex has become one of the fastest ways to become rich. Of course, you need to need to know the ins and outs of Forex trading. But there is no denying that in ...
Warren Buffet once famously said that the “stock market is a device transferring money from the impatient to the patient”. The stock market has made traders some of the...
Bitcoin and other crypto currencies are already part of the mainstream media. But they are far from being the dominant currency globally and internationally. It is safe to...
Adam Smith is widely considered the “father of economics”. It is his ideas that helped us build the economy we have today. What is interesting is that he lived in the 18t...
Many people have definitely watched “The Wolf of Wall Street” starring Leonardo DiCaprio in the lead role. The movie earned five Oscar nominations, including Actor in a l...
Few people could see this revolution coming in 2015. The price of Bitcoin was just about $300, and that was a record. Ethereum, the new crypto currency on the market was trad...
It is one of the most common sayings. The rich get richer, and the poor get poorer. But exactly how that happens? We hear this saying not only in the business world, but i...
The Democratic Republic of Congo in Africa is one of the world’s most resource-rich countries in the world. Diamonds, gold, uranium, and many other rare minerals are a comm...
It is hard to look at what Bitcoin is doing, and not call it a phenomenon. Some people believe it will implode one day, but when will that day come? The price of a single bitcoin i...
What is content? And how it is important to our lives? Living in the era of advanced technology, we are definitely aware how technology changed everything. Marketing, medi...
Karl Marx was a German philosopher, economist, political theorist, sociologist, journalist, and socialist. He was born in a middle-class family, studied political economy, an...
One of the most expensive military projects is the F35, a fighter and bombarded that was marketed as “do everything plane”. After investing more than $1.5 trillion in the pro...
The saying “money make the world go around” has never been truer. We are living in an era where everything costs money. And while “money cannot buy happiness”, you ca...
Six years ago, Martin Jacques talked about the rise of China. His TED talk is even more valid today. A columnist for the British Guardian, economist Martin Jacques asked how ...
One of the reasons Hillary Clinton lost the presidential elections is the Democratic Party. President Obama was criticized for his corruption and allowing offshore corporate ...
Guangzhou, China is one of the fastest growing cities in the world. The sprawling port city is located northwest of Hong Kong on the Pearl River. The “Village in the City�...
During his presidential campaign, Donald Trump reminded everyone how China is beating USA in every category. He was raving on and on about how China is the most powerful econ...
Delhi in India is one of the most populated cities in the world. With population of close to 10 million, Delhi is definitely a huge city. As a big city, Delhi faces a number ...
In the first part, filmmaker Vivek Rai talked with people in India about startups, how much money they need to be happy, what do they fear, what is the difference between the...
How important are money in your life? And subjects for that matter? Are you a materialist or not? This documentary explores the philosophy of materialism. Does materialism wor...
Warren Buffett and Bill Gates are two of the top 5 richest men in the world. Each of them has amassed more than $70 billion in his life.Gates did thanks to his innovation in tech...
The Greece debt crisis started in 2010, and six years later, we are still nowhere near a resolution of the crisis. In June 2016, European authorities authorized another credi...
Self-made millionaire Warren Buffet knows a thing or two about investments and debt. With a net worth of $63 billion, he is among the top 10 richest people in the world.Buffe...
How did this happen? That is the question many people ask, in regards with the economic crisis that started in the United States.We are all feeling the effects of the economic...
The Saudi Arabia is considered one of the wealthiest in the world. They control most of the oil business in the world, which is the reason for their wealth. In 2015, Prince Al-Wa...
Since the early 1980s, China was able to reach economy stardom thanks mostly to cheap labor. But the era is coming to an end. The economic miracle of China is about to end, w...
While everyone is obsessed with Millennials, the generation that doesn’t/can’t leave home, society experts are already exploring what will happen with Generation Z, or th...
One of the most adventures heavy load transportation of all time takes workers through Nicaragua. Narrow curves, precarious bridges, mountain roads, two gigantic engines that...
In the past year, gasoline has become one of the hottest trending topics around the world, especially with the oil prices going down. Everyone use gasoline one way or another, bu...
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