Economics

The Midas Formula: Trillion Dollar Bet

The history behind perhaps the greatest formula ever created in finance: the Black-Scholes-Merton options pricing model. Two of its creators were awarded the Nobel Prize in Economics in 1997. A year later their hedge fund Long Term Capital Management (LTCM) had collapsed with staggering losses of $100 billion due to significant leverage of the strategy. The Black-Scholes Formula was derived by obs

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The Great Euro Crash

For more than two years Europe has teetered on the edge of an economic precipice - one of the factors that has pushed Britain back into recession. How exactly did Europe get itself into the current financial mess? Talking to historians, economists and politicians, BBC business editor Robert Peston takes a long view of the euro - from Churchill's vision of a United States of Europe to the bail-outs

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The dot.com Bubble

Bubbles are when a products value continues to rise beyond its true value. But what happens when the bubble inevitably bursts? What are the types of economic bubbles? Intrinsic bubbles, informational bubbles, classic bubbles and fads are all the results of over valued products. Tom Hadfield was only 12 years old when he set up the internet sensation Soccernet, by the time he was 17 years old he

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The Divide

In 1979 an economic experiment was launched in the United States an the United Kingdom. It was supposed to provide a better life for all. Today, in both countries, inequality is at its highest level since 1928. Reaganomics is one such term for this series of economic experiments and policies.This film examines the lives of seven individuals currently striving for a better life in modern day

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The Day of the Dollar

Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time of the Great Depression repeating itself? VPRO Backlight and Dutch national newspaper NRC Handelsblad present this ‘what if’ scenario. What if the dollar collapses?

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The Curse of Oil

Rich and Poor:Three-part series that goes on a revealing journey through the world’s oil-producing regions, beyond the familiar territory of the Middle East. Now that the oil price appears to be rising inexorably at the pumps, newspapers are full of gloomy predictions related to our increasing addiction to perishable reserves of oil. Bill Cran’s series takes a somewhat different approach.W

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