Home Alone- EconMovies #18- Elasticity and Price Discrimination

Jacob Clifford introduces Econ Movies and analyzes the economics in 'Home Alone' and other Christmas classics. He discusses the commercialization of Christmas, the law of demand, and the differences between inelastic and elastic demand using toothbrushes and pizza as examples. Clifford explains why some products go on sale during Christmas and the problems with huge sales. He introduces price discrimination, using airlines and coupons as examples, and concludes with a montage of movie scenes.

What are the three main problems associated with having a huge sale?

How does price discrimination work in the airline industry?

What examples of price discrimination are mentioned in the text?