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)

Michael Pam Oscar Angela Toby

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