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)
