Economics

Economics educational videos and DVDs for teachers, schools, educators and students.

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A Banker's Apprenticeship
SKU: 4554
Hilmar Kopper, Chairman/Speaker, Deutsche BankThe chairman of Germany's largest bank never went to college, rising instead through the country's legendary apprenticeship system, a combination of classroom and on-the-job training. In a wide-ranging and enlightening conversation, Hilmar Kopper describes how apprenticeship shapes German corporate philosophy and how German bankers are able to develop successfully a long-term outlook while other countries-including ours-often do little more than pay lip service to investing for the future. (54 minutes)

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Addicted to Cheap Shopping? Why the Real Cost of Goods Keeps Going Down
SKU: 39028
In this program, host Libby Potter travels around the world as she takes a meaningful look at the economics behind the inexpensive goods for sale in big-box stores and malls. Cost-cutting through supply chain management and waste reduction, economies of scale achieved by shipping offshore-manufactured goods to market via super-container ships, the Wal-Mart effect, and the no-frills philosophy of IKEA are addressed. The triumphs and woes of China, in its role as manufacturer for the world, is given special attention, and the clothing industry is presented as a case study of the cheap goods cycle. But the program also considers the hidden societal costs of cheap goods, such as sweatshop labor and the environmental impact of cavalier overconsumption, and questions how much longer prices will continue to drop as China's standard of living rises. Original BBCW broadcast title: Addicted to Cheap Shopping? (60 minutes)

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After the Gold Rush: Lucrative Lessons
SKU: 10690
As America's robust economy surged ahead during the Clinton administration, the nation as a whole experienced unprecedented growth. But behind that facade of economic success are disturbing psychological questions that are in urgent need of resolution-questions that have lost none of their importance in the current economic downturn. In this topical two-part series, concerned experts from a variety of fields scrutinize America's emotional and spiritual bottom line. 2-part series, 29 minutes each.

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An Introduction to the IMF
SKU: 11189
The consensus of the world's leaders is that economic stability and cooperation offer the best hope for global peace. Using interviews with members of the International Monetary Fund's Board of Governors-each one the head of a national central bank or a minister of finance-this program explains how the IMF is structured and illustrates how it sets policy. The program also uses archival footage to examine the dual birth of the IMF and the World Bank and to explore the vision of its founding members: John Maynard Keynes and Harry Dexter White. IMF historian James Boughton provides additional insights. (18 minutes)

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Argentina: An Economic Work in Progress
SKU: 11191
By the end of the 1980s, Argentina was caught in a perilous vortex of hyperinflation. In this program, the former Minister of the Economy, the former Secretary of the Treasury, bank president Eduardo Escasany, economist Martin Redrado, and others discuss the measures taken at that time to stabilize the economy, including establishing a currency board, deregulating and privatizing key industries, reforming the labor market, and asking the IMF for a loan of $3.4 billion. The ripple effects of contemporaneous economic crises in Mexico, Brazil, and Russia are also considered. (19 minutes)

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Asian Values Devalued
SKU: 8529
As the tiger economies of East Asia turned from boom to bust in the 1990s, the general public was amazed, yet many economists nodded their heads knowingly. This program focuses on the plights of Indonesia, Hong Kong, and Malaysia, where nepotism, cronyism, corruption, suppression, and the exploitation of cheap foreign labor brought about a financial crisis of enormous proportions. These regions grew too quickly without proper controls and economic safeguards, which has left the middle and lower classes, who are crushed by inflation and unemployment, to pay the bill. Experts agree that East Asia will survive, eventually recover, and probably surpass itself, but at a staggering cost in money and human misery. This program is an excellent expose that reveals why the bubble burst. (39 minutes)

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Assets and Payroll
SKU: 29655
Giving equal time to two vital accounting topics, this program explains how accountants handle assets and payroll. The video begins with the acquisition and retention of tangible fixed assets through capital expenditures and revenue expenditures. Then, methods of accounting for tangible fixed assets with respect to depreciation and disposal are presented. Allocation of an asset's cost over its useful life is outlined, as well as five methods of depreciation. The discarding and sell-off of plant assets are also discussed, along with the amortization of intangible assets. The video then plunges into the topic of wages, beginning with an overview of payroll expenditures and their accompanying taxes and regulations. Next, the intricacies of gross pay, net pay, and payroll-related liabilities are thoroughly sorted out, leading to a discussion of how payroll is recorded. Last, the proper treatment of fringe benefits from an accounting perspective is demonstrated. A Cambridge Educational Production. (13 minutes)

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Bill Moyers Journal: Facing the Economic Fallout
SKU: 39920
Amidst historic economic failures, this edition of the Journal takes an in-depth look at what led to the financial meltdown, what it means for American families, and how it may affect voters in the run-up to the 2008 elections. Bill Moyers speaks with prescient political and economic critic Kevin Phillips, author of Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism. Moyers also sits down with New York Times business and financial columnists Gretchen Morgenson and Floyd Norris to discuss who wins and who loses in the financial turmoil. An essay on America's current Gilded Age concludes the program. Broadcast date: September 19, 2008. (57 minutes)

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Bill Moyers Journal: Mortgage Mess
SKU: 39727
Focusing on the subprime mortgage crisis, this edition of the Journal travels to Cleveland, Ohio-the heart of the nation's mortgage meltdown. Correspondent Rick Karr examines the state of Slavic Village, where more than 1,000 homes stand vacant and decaying in a neighborhood that once thrived with families living the American dream of home ownership. Then, Bill Moyers gets perspective on the financial crisis and the great deflation of Wall Street" from William Greider, national affairs correspondent at The Nation. Broadcast date: July 18, 2008. (56 minutes)"

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Bucking the System: Alternatives to Cash and Capital
SKU: 35554
Are the days of the traditional cash economy numbered? This program examines ground-breaking monetary systems designed to benefit disadvantaged segments of the population and build strength in the small business sector-not only in the United States, but also in Mexico, India, Poland, and Britain. Traveling to each country, the program showcases remarkable financial innovations-including the Ithaca hour," a currency rapidly becoming standard in the upstate New York town; a Greenwich "time bank" that encourages community involvement; and Warsaw's Fundusz Micro credit organization, which helps entrepreneurs build businesses without capital. (27 minutes)"

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Community Investing
SKU: 37188
While many nations and communities benefit from the fast track to globalization, others are in danger of being left behind. This program explores concepts embodied in the mantra, Think globally, act locally," focusing on businesses and organizations that help to revitalize isolated and disadvantaged areas, thereby expanding access to the wider economy. Judy Wicks, founder of Philadelphia's White Dog Cafe, details her company's policy of buying from local farmers, while Shari Berenbach of the Calvert Foundation advocates small business loans and community development corporations. C. K. Prahalad, author of The Fortune at the Bottom of the Pyramid, and Equal Access executive director Ronni Goldfarb also supply valuable insight. (28 minutes)"

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Competition and Market Regulation
SKU: 10846
Antitrust laws, trade regulations, and property ownership work together to preserve the balance of rights among consumers, retailers, and employees. Module one of this program explains how citizens of Zurich voted to extend shopping hours, overturning an obsolete market intervention; module two examines fair competition in the case of Volkswagen/Audi v. The European Commission; and module three examines how Venice, in an absence of private property rights, is moving to restore its crumbling buildings. (30 minutes)

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E-commerce in Business
SKU: 33535
This behind-the-scenes look at IT in action showcases three exciting e-commerce initiatives. By analyzing the growth, revenue, and future of MP3's Web site, visiting Ford's online showroom," and showcasing the customer benefits of Coronet-Fashion at Work's online planning system, this program presents compelling case studies of the Internet's use to capture and exploit new markets. (30 minutes)"

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Economic Change
SKU: 10843
Between the privatization of state-owned monopolies on the one hand and advances in information technology and e-commerce on the other, European economies are undergoing drastic changes to keep up with the times. Module one of this program focuses on institutional change, as the British electricity market undergoes privatization, while module two examines technological change through the case study of the German online bookstore ABC Bucherdienst, a part of Amazon.com. (30 minutes)

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Economic Development: A Global Challenge
SKU: 34994
How is the economic progress of a country or a region measured? What causes underdevelopment and poverty? Will the struggling nations of the world ever catch up" with the wealthy ones? This program studies various methods for calculating economic potential, growth, and stagnation in the context of today's global environment. Introducing the three main determinants of income and expansion-physical capital, human capital, and technology-the video examines geographic, historical, and political reasons behind underdevelopment, especially the vestigial effects of colonialism and the population disparities that exist between rich and poor nations. Production structure, credit markets, income inequality within a country, and the concept of the dual economy are all explored in detail. The success of micro credit systems highlights the possibility of development in even the most disadvantaged societies. A Films for the Humanities & Sciences Production. (36 minutes)"

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