The Economics of The Office
Learning economics from the world's best boss
Conflict Resolution Part 1
In this clip, Michael attempts to resolve a conflict between Oscar and Angela. One application of this clip is to reiterate the idea that voluntary trade results in a "win win" situation. This clip also can be used when showing outcomes on an aggregate supply/aggregate demand framework. When we have a major increase in aggregate supply (something like the IT revolution in the 1990's) it results in lower levels of inflation and unemployment or a "win win" outcome. (maybe even win, win, win!)
Season 2 Episode 21 "Conflict Resolution"
Inflation (E31) Unemployment (J60) Trade (F10) Macroeconomic Models (E10)
Conflict Resolution Part 2
Similar to the applications in Part 1, the "win lose" outcome in this clip can be used to talk about the expected trade off between inflation and unemployment when many polices are implemented.
Season 2 Episode 21 "Conflict Resolution"
Inflation (E31) Unemployment (J60) Macroeconomic Policy (E60)