Frozen

Media Type: Film Clips Topic: Supply & Demand

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By now you've probably heard that Frozen is the best Disney film in a long while. I've got a soft spot in my heart for fairy tales and I might have checked this film out anyway but a nudge never hurts. The nudge came from my colleague, Frank Stephenson (Berry College) who mentioned that Frozen had a scene about economics embedded in it. Frank's encouragement was enough for me.

About halfway through the movie, Princess Anna comes across an isolated trading post on her way to find her sister, Elsa. A long winter has set in and summer has been replaced by snow and ice. The trading post owner knows his business. All of the winter gear that would normally be marked down are full price and the stock is nearly depleted. In this amusing scene we see how the forces of supply and demand work to ration scarce resources. The scene made me smile and if you love teaching economics, I promise you will enjoy it as well.

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