6 Amazing Movie Tips to Learn About Economics
Learning about economics is not just for college students or subject matter experts. Understanding how the economic world works is important for everyone who wants to have a healthy financial life, understanding the workings of global and local economies, as well as their impact on our daily lives. However, classic books may be barely accessible with their theoretical terms – trade-offs, opportunity costs, marginal costs, among others – for those who do not wish to specialize in the field. With this the films appear as a great option to get to know the subject, bringing a more relaxed language and combining entertainment with knowledge.
That’s why we’ve prepared this list with 6 great movies to learn about economics, joining fun and learning. For those who are seeking to deepen their knowledge in finance, we have this other list of films and these indications of books .
Through the films it is still possible to understand the various historical moments of the world economy. Let’s start!
1. The Iron Lady (2011)
The film The Iron Lady portrays the life of UK Prime Minister Margaret Tatcher (1925-2013), who ruled the country from 1979 to 1990.
Its importance among films to learn about economics lies in the historic moment when Tatcher ruled the United Kingdom. She was held responsible for determining the end of the era of Fordism in the world economy – a production-based system.
It is very common to hear the term “neoliberal”, but few understand its real meaning. Through The Iron Lady it is possible to know better this economic ideology, applied by Tatcher for stability of the United Kingdom in difficult years. It garnered a legion of followers, but also many disaffected by its hard-line politics and a driving economy that broke with the old ideals.
2. Commanding Heights (2002)
This film also deals with economics in the second half of the twentieth century. It is divided into two parts, and is a great basis for beginning to understand the concepts of the welfare state, capitalism, socialism and its crises.
All of this happens in a postwar universe and the film portrays very well the movement of change that the world was going through, being a historical and economic journey through the feature film.
3. The Rise of Money (2008)
Made from the book of historian Nial Fergunson, Harvard professor, of the same title. The film traces an economic record of progress and development to the 21st century.
It is a very important big picture to understand how history has dealt with the major economic crises – the collapse of the 1929 Stock Exchange, for example – and what the financial system did to recover.
4. Freakonomics (2010)
The premise of this film is to unite pop culture to the economy. We talked in the introduction about some terms like opportunity cost and trade-off. The film explains in practical applications what these concepts are. Everything is based on the relationship of the economy with our daily life, making the examples very palpable and demonstrating how relevant it is to understand the theme for our lives.
5. The long dawn – A biopic of Celso Furtado (2007)
Celso Furtado is considered one of the greatest Brazilian economists, and one of the creators of our economic model. To know him is to know how the economy of our country was formed.
By being extremely current and dealing with a context in which we are inserted, the film could not be left out of the list. It is a great introduction to Brazilian economic thinking and through them we can understand our development as a country.
6. Margin Call: The Day Before the End (2011)
To conclude, we brought a drama from the last great world crisis: the financial crisis of 2008. The film depicts the moments of tension experienced by a brokerage employees just before the crisis of 2008 burst into the world. Its greatest merit is to demonstrate how crises are cyclical to capitalism and world history, and that this reality demands competent and creative professionals. Great stars are present, such as Kevin Spacey, star of the House of Cards series.
With that we have completed our list of great films to learn about economics. Learning can always go further, but this is a great way to start.