- Peer Review: “The Economics of Seinfeld”
The Economics of Seinfeld
- Jun 7, 2011 by Business
- • This site is a collection of video clips from the various episodes of the Seinfeld television program. Although the series ran in the 1980s, the website was just up in 2010 and its content is appropriately tied to the corresponding general concepts of economics. An alphabetical index is provided for easy preview as well as with a search function. The student will be able to apply the concepts to several scenarios as a list of episodes are used to demonstrate most concepts accompanied with simple definitions and explanations of economic concepts and jargon. The short clips will also allow the instructor to use it to introduce the concepts and capture the students’ attention, and/or relate back to it as a wrap-up of the theory.
- Type of Material:
- • Collection of video clips of a television program episodes.
- Recommended Uses:
- • This collection of episodes can be used in-class as well as in online discussion forums to spur individual or team-based discussions to appreciate the application of economic concepts in real life. • It can also be used by the instructor to introduce the concepts and capture the students’ attention, and relate back to it as a wrap-up of the theory.
- Technical Requirements:
- Internet Explorer 8 or the equivalent Firefox browser will suffice. Must have a software suite that can play media clips (QuickTime, Nero etc..)
- Identify Major Learning Goals:
- • The student will be able to relate economic concepts to daily events. • The student will gain a greater appreciation of economic concepts relative to the theoretical definition in textbooks • The student will be able to apply the concepts to several scenarios as a list of episodes are used to demonstrate most concepts accompanied with simple definitions and explanations of economic concepts and jargon.
- Target Student Population:
- • General students or Honors College students taking Introduction to Economics, Principles of Macroeconomics or Principles of Microeconomics at high school, community college and/or university levels.
- Prerequisite Knowledge or Skills:
- Basic computer skills and foundational knowledge of the concepts of finance or economics .
- • Provides easy to understand and view examples of economic principles • Provides an option for moving on to related activities which all support the basic course information • Built and designed to be an “off-the shelf” starter for presenting concepts and principles of economics • Identifies a clear and succinct set of learning objectives • Video clips are short and thus can serve as a quick way to introduce the concept similar to an ‘opening line’ , or used in the middle or end of delivery as a quick review and for some laughs. • Developed in 2010 and thus, its current and each clip are matched with germane concepts.
- • Very short general introduction did not see a clear explanation of what were to be the teaching points of the site. • Lacked a “Help” option for technical issues or what were the basic technical requirements for this site • Economic concepts and principles were not organized in categories and sub-categories or groups. • The name of the URL - http://yadayadayadaecon.com/ - which might downplay or diminish the usefulness of the site and content provided.
Potential Effectiveness as a Teaching Tool
- • Concepts are identified and then the clips are to demonstrate the situation • Presentations allow faculty the latitude to demonstrate how economic concepts and principles effect the marketplace • There is no learning objective identified which is a good thing as then the content can be easily and flexibly introduced • The short duration of the clips makes it a fun piece to use when introducing [wrapping up or concluding) the concepts or relating to real-life.
- • Did not find an indication of what perquisite knowledge in business, finance and/or economics would be required for this presentation • The learner has to select a concept or principle to learn about or process steps for the learner to follow. Has no path for learning concepts and principles of economics.
Ease of Use for Both Students and Faculty
- • The module has options to rate the video clip and well as repeat as many times as required. • Website was easy to connect to and easy to maneuver on the page • Key elements of the material was identified • Webpage had links to other presentations that would complement the concepts to be taught • Each episode is short and accompanied with simple definitions and explanations of economic concepts and jargon.
- • Needed to be more explanatory as to how the presentations would interact to make the information effective for a faculty member. • The material presented is provided with a definitions or explanations but are not tied back for the learner to economic concepts or principles. • Each episode in itself not interactive, and there is no close caption that might limit certain audience.
- Other Issues and Comments:
- The web-based presentation with media clips enables the faculty member to take an “off-the-shelf” explanation of economic concepts and principles to employ as a starter kit for learners on the topic of economics. The presentation will facilitate learner knowledge acquisition and acceptance through media clips that will demonstrate the economic principles and concepts.
- Creative Commons: