Microeconomics isn’t just a subject you can learn from textbooks and journals; it’s such a big aspect of contemporary life that many fantastic films have been made about it.
The 2008 financial crisis and the development of game theory are only two examples of the wide range of topics that have been chronicled in films and will be of interest to any economics student.
So, you can hire reliable macroeconomics homework help online and be tension-free about the deadlines.
Now take a bucket full of popcorn, dim the light, and be ready to try one of these thirteen movies. I can guarantee you will love them all.
13 Movies Every Macroeconomics Student Should Watch
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Wall Street (1987)
The Oliver Stone classic that inspired thousands of college grads to exclaim the legendary phrase “Blue Horseshoe likes Anacott Steel” is an economics-based film that every professional should think about watching.
Wall Street has remained influential as a tool for hiring traders, brokers, analysts, and bankers nearly 30 years after it was first produced. It was meant to highlight the lavishness and hedonism connected with the financial world at first.
Let’s face it, who wouldn’t like to be Bud Fox or even Gordon Gekko and indulge a little in our greedy side, despite the fact that the Wall Street movie serves to warn us about the risks of insider trading? After all, Gekko is credited with coining the phrase “Greed is good.”
Boiler Room (2000)
Boiler Room is situated in the absolute bottom rung of the investment firm ladder: the pump and dump plan, in contrast to Barbarians at the Gate, which takes place in the glitz and glamour of a corporate boardroom.
The phrase describes dishonest companies inflating the cost of security through deceptive and occasionally untrue statements. They subsequently sell their own securities holdings, leaving investors with stock that has depreciated in value.
But though Boiler Room is a fictional story, pump-and-dump businesses and the anguish they cause are both very real.
This economics-based film is a caution to people just beginning to invest in the stock market to stick with trustworthy, transparent organizations and base their investments on good foundations.
The saying – “If it seems too good to be true, it probably is,” – will stick with viewers of Boiler Room for a long time.
The Wolf of Wall Street (2013)
Martin Scorsese’s Jordan Belfort biography follows his rise and fall as a well-known stock fraudster. Both Leonardo DiCaprio and Jonah Hill give outstanding performances.
Real-life events are the source of inspiration for the movie The Wolf of Wall Street. This finance film investigates the infamous Stratton Oakmont, an over-the-counter trading firm, and a pump-and-dump scam that aided the IPOs of numerous significant public firms in the late 1980s and early 1990s.
Moneyball, the movie that ignited the world’s interest in statistics, is based on a true tale of the Oakland A’s baseball team manager.
He used data to analyze and understand his players’ strengths and weaknesses, helping him take his team from last place in the league to first place.
The application of statistics in the actual world and the fact that the numbers of people are the true heroes of the film will appeal to economists.
Margin Call (2011)
Margin Call, arguably the most realistically depicted financial drama on the list, follows a Wall Street corporation on the verge of collapse over 24 hours (modeled closely after some of the bulge bracket banks).
In the 2008 financial crisis, some of the most significant institutions took rash risks, and Margin Call does little to conceal its disdain for these actions. Instead, it draws attention to the trading of sophisticated derivative contracts, which investment banks find challenging to comprehend.
In a moving sequence, two of the film’s main characters discuss the impending disaster that would affect their company and the entire unprepared business and investment community. At the same time, a janitor sits between them, entirely unaware of what is happening.
A Beautiful Mind (2001)
This movie is a fictionalized account of the biography of John Nash, the mathematician who developed game theory and became a significant area of study in economics.
This popular film, which also received excellent marks from historians and mathematicians, examined both Nash’s mathematical contributions and the schizophrenia he experienced.
Rogue Trader (1999)
This is a true story based film on the life of trader Nick Leeson, who was solely responsible for Barings Bank’s bankruptcy, the second-oldest merchant bank in the world.
Leeson, a shining star in the Singapore trading market, swiftly burst into the public eye after hiding massive losses for his superiors in meticulously concealed accounts. As a result of his activities, a short straddle position on the Nikkei finally experiences a huge sigma move, which results in the mother of all unsuccessful trades.
The narrative of Leeson, however, serves as a fantastic lesson on risk management and financial oversight, even though the movie is amusing.
American Psycho (2000)
Christian Bale plays a rich and powerful investment banker who harbors a dark secret. This violent and provocative movie adaptation of the widely known Bret Easton Ellis book is set in the world of money.
Despite the fact that there isn’t much in the film about finance, American Psycho sheds light on the fantastical world that the elite class of the financial industry lives in and their complete disconnect from reality.
The Big Short (2015)
This 2008 financial crisis biographical movie is worth watching because of the unique way financial instruments are introduced. In addition, the film teaches complex ideas like subprime mortgages and collateralized debt obligations in an approachable manner by using cameos from well-known celebrities and fourth-wall-breaking discussions into the camera.
For instance, it has actress Selena Gomez clarify synthetic CDOs at a gaming table, and actress Margot Robbie describes mortgage-backed bonds in a bathtub with champagne.
Trading Places (1983)
Eddie Murphy stars as a streetwise con artist who is duped into becoming the manager of a commodities trading firm in this modern-day adaptation of The Prince and the Pauper. He unintentionally replaces Dan Aykroyd’s character, a blue-blood executive.
Although actual trading takes a back seat to the characters adjusting to their different environment, the final 15 minutes of the film depicts a frantic hour of trading in the orange juice futures pits.
This scene alone is worth the ticket price without revealing any details. However, the supporting cast (which includes veteran twentieth-century film actors Don Ameche and Ralph Bellamy), the 1980s nostalgia, and excellent acting from Murphy and Aykroyd make this a must-see film.
Glengarry Glen Ross (1992)
This acclaimed big-screen adaptation of a David Mamet play focuses on a group of subjugated real estate salesmen whose morals have been completely eroded after years of working for their unethical company.
The film depicts the greed and deception that those in positions of financial product sales may be subjected to. In addition, it emphasizes the pressure placed on sales associates by their bosses with sales targets.
While the main cast is fantastic, Alec Baldwin’s motivational speech is the highlight of the film. It highlights the positive and negative aspects of operating in the banking world under extreme stress.
Inside Job (2010)
Another financial system documentary focuses on the United States in particular and how the finance industry has managed to grow in power and fostered malfeasance in the last few decades.
It is divided into five sections and begins with a brief history of the finance industry before moving on to the early 2000s bubble, the crisis, and the current state of the economy.
The Informant (2009)
Try the 2009 Matt Damon film The Informant for a light-hearted comedy crime film with an economics theme! The film follows the life of a whistle-blower as he tries to help gather evidence against his company, based on a true story of a whistle-blower who reports a price-fixing conspiracy at his workplace to the FBI.
The film examines corporate malpractice and the difficulties in preventing it in a light-hearted, ironic tone.
Any aspiring economics professional must see these films. In addition, these movies can provide insight into the crazy and occasionally absurd world of finance, even if you aren’t considering a career in the industry.
About the Author
John Millar is a reputed economics professor at one of the most prestigious universities in the USA. He is associated with Assignmenthelp.us, through which Katie offers macroeconomics homework help to students worldwide. In addition, Katie loves to play with her pets in her free time.