A Beautiful Mind: Using Media to Teach Economics
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A Beautiful Mind won the Academy Award for best picture in 2001 and it chronicles the life of John Nash who is noted for his pioneering work on general equilibrium theory. This scene is a great way to discuss self-interest and contrast it with the social optimum. Nash's work has augmented Adam Smith's "invisible hand" theory by extending how self-interest is modeled. This scene is must viewing even though the scene itself contains flawed economics (explaining why the scene is NOT a Nash equilibrium helps students learn the concept in greater depth). Less
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Topics and Grades
Grade: Undergraduate to Graduate
Topics: Mathematics, Professional Development, History-Social Science, Economics
Resource Pedagogy
Resource Type/Classification:
- Teacher Materials
- Interactives
Tool for: Teachers