Free Essay

Oceans Eleven Review

In: Film and Music

Submitted By cschwab
Words 821
Pages 4
OceansCharlie Schwab
Economics
October 20,2013 Ocean’s Eleven Ocean’s Eleven is the classic casino heist movie on which all other robbery movies are put up against. It stars George Clooney, Brad Pitt, Matt Damon and many other well-known actors. At the beginning of the movie Danny Ocean (George Clooney) is released from prison and starts to plan the big job. With the help of Rusty (Brad Pitt), he and Danny assemble a team of nine more people making the famous eleven. They spend most of the movie preparing for the robbery and coming across small problems leading up to the night of the heist. You find out that Danny is robbing the man who is now dating his ex-wife, Tess (Julia Roberts). During the robbery they use multiple different cons to make there way to the vault. They pull a final trick on the security and prerecord the vault robbery and play it so they can escape safely. Finally, Danny gets Tess back to fulfill the Hollywood version of the movie. I chose this movie because is magnifies many of the economic terms that we have been talking about like opportunity cost and unemployment. It is also one of my favorite because it is the original heist movie, while Ocean’s twelve and thirteen aren’t up to par as the first it is still an amazing trilogy. This movie also has one of my favorite actors, Brad Pitt. I mainly liked him Troy but he still did a great. This is also one of the first movies Matt Damon was in, Matt didn’t have one of the major roles of the film but he was one of the eleven. One economic concept in the movie was unemployment and employment. In the beginning of the movie Danny is just getting out of prison, meaning he is reentering the Labor Force because he is also in working the working age population. But while he was in prison he is not considered part of the Labor force. Rusty is part time employed because he works 1 hour a day teaching poker to celebrities. Sal, another one of the eleven is 75 years old taking him out of the working age population. For the other eight members of the crew they are all unemployed because they don’t have jobs that are legal anyway.
Another pair of economic terms that appear in the movie is normal and inferior goods. A normal good is something that you can purchase inside your paycheck and an inferior good is something that you pay below what you normally would. In the movie they want Danny to a job for them but when he cant they must use the inferior person Linus (Matt Damon) instead. Of course the whole reason for the heist is so they can make money and buy more normal goods in their lives instead of settling for inferior goods.
Sunk cost is a big part of Oceans eleven because anything they bought during the time of heist, if they get caught, would be useless. Elliot Gould’s character was supplying the money for the job and if they were caught that would be money he would never get caught.
Opportunity cost is a big part of anything we do because it is just making choices. The three biggest decisions of the movie are Danny’s choice to do the heist, make Linus the lead for a short time and Tess deciding to be with Danny. Danny’s opportunity cost of the heist is either going back to jail that he just got out of or get thirteen million dollars from splitting the 150 million dollars thirteen ways. Since Danny could be recognized in the casino they had to use Linus instead as the main man to get them inside the vault. This shows opportunity cost because if they have Danny do it then he might get caught and completely blow the mission but if they use Linus then he might not be able to pull off the con. The last example is Tess’s decision to be with Danny. She had to choice between a good man that loved money more then her or Danny a convict that loved her a lot.
A big part of the movie is incentives. For all eleven men there is a one hundred and fifty million dollar incentive to not getting caught. Also for Danny a big incentive is trying to get his ex-wife back. Another incentive for Linus is to make a name for himself, his father was apparently a big time crook and now Linus needs make a name for himself.
In the movie there are many different types of unemployment shown. For example Bernie Mac gets fired from the casino, this is example of Frictional unemployment. Another time one of the security men get fired because they didn’t see the heist coming this again an example of frictional unemployment.

Similar Documents

Premium Essay

Grabber

...I O N : T E C H N O LO GY 7-ELEVEN STORES ASK THE CUSTOMER BY ASKING THE DATA There is probably a 7-Eleven store in your neighborhood, and it’s a convenient place for picking up a can of Coke or a quick ham-and-cheese sandwich. It’s the largest convenience retailer in the world and the number one convenience store chain in the United States, with 5,300 stores. This company started out about 75 years ago as an ice-dock operator. When refrigerators started replacing iceboxes, the manager of each store asked customers one-by-one what items they’d like to stock in their new appliances. By asking customers directly and stocking only the items customers most wanted, the company grew and prospered. Over time, the company moved away from its roots, losing touch with customers along the way. It had no means of knowing what sold in each store and allowed vendors to decide what to stock on its shelves. Although large vendors, such as Coca-Cola and Frito-Lay, had powerful information systems for analyzing what they sold in individual stores, other vendors didn’t have such systems. Moreover, the vendors’ systems were designed to maximize opportunities for their businesses, not for 7-Eleven. 7-Eleven stores are not all alike. What their customers want depends a great deal on the neighborhood and region of the country where they are located. What sells well in Boston may not work in Texas. Without detailed knowledge of its customer and sales patterns, 7-Eleven was unable to determine......

Words: 3223 - Pages: 13

Free Essay

Environmental Policy Final Paper

...Plant. Following this severe breach in security, numerous radioactive isotopes and radioactive particles were released into the environment, specifically the Pacific Ocean and the surrounding air/atmosphere, thus contaminating groundwater, soil and seawater, as well as effectively shutting down a myriad of Japanese fisheries. The ocean and air mainly came in contact with high levels of Iodine-131, Cesium-137, and Cesium-134, as well as lower levels of Tellurium, Uranium, and Strontium, which were concentrated closer to the surrounding area of the nuclear power plant. However, the impact that these radioactive materials will have upon the United States, in particular, has caused quite the national controversy. Despite heavy national acceptance of the occurrence of the disaster, two popular and opposing hypotheses have formed as a result of the Media’s lack of focus on recent analyses of the impending effects of Fukushima Disaster upon the U.S.: (1) the radioactive material that leaked as a result of the TEPCO nuclear power plant failure will not have a drastic, threatening effect on the United States, specifically the West Coast, due to the supposedly limited leak of radioactive material and more importantly the short half-lives of the radioactive isotopes released and the accepted likelihood that the Pacific Ocean dilutes the leaked radioactive material; as opposed to (2) the radiation leaked as a result of the tsunami will become a national crisis, contaminating...

Words: 4187 - Pages: 17

Premium Essay

Bp Oil Spill

...BP Oil Spill Introduction The United States consumes 19.5 million barrels of oil each day. (Rahman,K. Sabeel, 2011) This demonstrates how dependent the American society is on fossil fuel. This need for large amount of oil to keep the economy moving is having serious environmental impact, particularly in areas where large off shore drilling platforms are located. Each year, approximately one billion gallons of oil is spilled in the ocean. The BP oil spill accident is just of the many oil spills that have occurred in the Gulf of Mexico. There are several events that led to this accident. Firstly was the last of control over the pressure in the well. This followed by the failure of the well blowout preventer. This is a valve which was designed to maintain consistent conditions of the well. Then the slurry cement which was used at the bottom of the well failed to contain hydrocarbon within the reservoir, which allows gas and liquids to flow up the production casing. At the same time BP and Tranocean accepted a negative pressure test which was incorrect and so integrity of the well was not established. Where there was supposed to be a separation of the mud and gas, this was not working, causing gas to vent directly on to the rig instead of being diverted overboard. The gas then flowed in to the engine room through the ventilation system which then created a potential for ignition, which was suppose to have been prevented by the rig’s fire and gas system. ( Durando. Jessica...

Words: 2264 - Pages: 10

Premium Essay

Farewell to Manzaar Book Review

...Farewell to Manzanar Book Review Farewell to Manzanar, by Jeanne Wakatuski Houston, is a true story of her life during World War II. The book tells how Jeanne’s life and the life of her family were influenced by the internment of many Japanese-Americans during World War II. It tells the story of the separation of the family members, hardships, racial discrimination, injustice and hatred that they had to live with during this time period. The book is told from Jeanne’s own experiences in her own town, how her peers at school treated her, and what it was like being uprooted from their home and being put into the Japanese internment camp of Manzanar. In her book the author also talks about how she tried to be somebody else totally different to fit into a society, rejecting who she really was. The struggles she went through during her stay at Manzanar, the crude reality and harshness she faced, made her a stronger person, but at the same time it made her neglect her culture and try to adopt foreign customs. The fact that she was exposed to more American traditions and activities, made her want to be more Americanized. Jeanne Wakatsuki was just a seven year growing up in Ocean Park, California when her whole life was about to change. The surprise attack on Pearl Harbor by the Japanese was the moment Jeanne's life was critically altered. This started WWII and all Japanese were seen as possible threats to the nation’s safety. Her father was immediately arrested and taken away...

Words: 1319 - Pages: 6

Premium Essay

Coca Cola

...The Current Status and Future Prospects of the Third Party Logistics Industry in North America: The 2015 3PL CEO Survey Dr. Robert C. Lieb Professor of Supply Chain Management D’Amore-McKim School of Business Northeastern University Boston, MA Dr. Kristin J. Lieb Associate Professor of Marketing Communications Emerson College Boston, MA January 2016 The Current Status and Future Prospects of the Third Party Logistics Industry in North America: The 2015 3PL CEO Survey This paper is based upon a 2015 survey of the CEOs of 15 of the largest thirdparty logistics companies serving the North American marketplace. The survey was the 22nd iteration of this annual study, and it addressed such topics as the major dynamics driving change in that marketplace and the opportunities and problems facing 3PLs in that region. It also focused on such issues as the recent wave of largescale mergers and acquisitions in the 3PL industry, shipper and 3PL problems related to labor problems at West Coast ports, E-commerce marketplace dynamics and their impact on 3PLs, Amazon’s continued expansion into logistics services and the possibility of Uber offering 3PL-like services. The CEOs also provided one-and three-year forecasts of company and regional 3PL industry revenue growth, while identifying the major changes they believed would occur in the regional 3PL industry during the next year. The impli......

Words: 5343 - Pages: 22

Free Essay

Carrrying Capacity

...[pic] Tourism and Hospitality Management 3.222 Ajith Vengolickal Soman– GDTM – Semester II Title: - Physical Carrying capacity in Lakshadweep Tourism Student ID(211) Word Count: - Submitted To: - Jonathan Spring Definition of Tourism Carrying Capacity “Tourism Carrying Capacity is defined by the “World Tourism Organization” as the maximum number of people that may visit a tourist destination at the same time, without causing destruction of the physical, economic, socio-cultural environment and an unacceptable decrease in the quality of visitor satisfaction” Introduction Lakshadweep known as the coral paradise of Arabian Sea constitutes a group of islands lying scattered as distance of 220 to 460 km away from South Indian cost. The Lakshadweep archipelago is the smallest union territory of India, the mainland city of Cochin in Kerala. The early settlers in the islands were Hindus and Budhist, who were converted in Islam by around 7th centuary.Lakshawdeep remains as the only union territory of India whose local resident are entirely Muslims. Lakshadweep has a tropical climate with summer temperature ranging from 35 to 22 degree centigrade The traditions lifestyle and language of the people of island have close resemblance with that of Kerala. Due to large social backwardness, remoteness from the mainland, low levels of resources and development potential, and the population of these islands is......

Words: 2396 - Pages: 10

Premium Essay

Intercultural Communication Qstns

...Intercultural communication qstns 1. Article Reviews (Review only one article): (10%) Access the Intercultural Communication Reader by L Samovar which is on soft copy on Blackboard. Pick one article from either Chapter 1 or 3 for review. Ch. 01 – Understanding and Applying Intercultural McDaniel & Samovar Ch. 01 – Intercultural Communication in a Globalized Saint-Jacques Ch. 01 – “Harmony Without Uniformity” Miike Ch. 01 – Relevance and Application of Intercultural Korzenny Ch. 03 – The Impact of Confucianism Yum Ch. 03 – Some Basic Cultural Patterns Jain Ch. 03 – Communication with Egyptians Begley Ch. 03 – Russian Cultural Values Bergelson Ch. 03 – Cultural Patterns of the Maasai Skow & Samovar Guidelines: Read the article comprehensively and write a 2-4 page review that should include a summary and a critique (each of which should cover at least ¾ of a page). Use Times New Roman Font size 12 and 1.5 spacing. Submit the article review after two weeks. Hard copies should be handed in on the due date during class but no later than that. 2 Research Paper: (20%) Pick one topic/ question from the following and work with a partner to write a paper 2500-3000 words long (this does not include the cover page, TOC or List of Abbreviations page). Use the writing guidelines available in the library. No less than 8 academic sources are acceptable and at least two thirds should be from books, academic journals, respected magazines/ newspapers......

Words: 2379 - Pages: 10

Free Essay

The Art of Social Protest

...l.com The Art of Social Protest: “The Raft of the Medusa” and “Guernica”   Some people are advocates of the opinion that art designed to influence social behavior is reprehensible, dirty, nothing more than propaganda, and so on. However, it is impossible to present a complete picture of art if we ignore its function of a social protest; the history of art provides us with many examples. Painting can be an extremely powerful form of protest against inequity, atrocity or inequality. Traditionally, painting is usually supportive of the political needs of old-established order because it is backed up and bought by wealthy people, and thus painting is less willing to engage in social controversies. However, certain artists stand out as exceptions. Among them are two great figures in the history of world painting Théodore Géricault (1791–1824), one of the French pioneers of the Romantic movement, exposing a great contemporary scandal in “The Raft of the Medusa”, and an Andalusian-Spanish painter Pablo Picasso (1881–1973), expressing his fury at the bombing of a peaceful town during the Spanish Civil War (1936-1939) in his painting “Guernica”. Although these two painters differ by origin, style, artistic expression, their works mentioned above have very much in common. Géricault’s “The Raft of the Medusa”  and Picasso’s “Guernica” are perhaps the most significant paintings of social protest in our time. Both paintings are based on real tragic events. However, their creators......

Words: 2068 - Pages: 9

Premium Essay

Porter

...Cost Leadership Strategy This strategy involves the firm winning market share by appealing to cost-conscious or price-sensitive customers. This is achieved by having the lowest prices in the target market segment, or at least the lowest price to value ratio (price compared to what customers receive). To succeed at offering the lowest price while still achieving profitability and a high return on investment, the firm must be able to operate at a lower cost than its rivals. There are three main ways to achieve this. The first approach is achieving a high asset turnover. In service industries, this may mean for example a restaurant that turns tables around very quickly, or an airline that turns around flights very fast. In manufacturing, it will involve production of high volumes of output. These approaches mean fixed costs are spread over a larger number of units of the product or service, resulting in a lower unit cost, i.e. the firm hopes to take advantage of economies of scale and experience curve effects. For industrial firms, mass production becomes both a strategy and an end in itself. Higher levels of output both require and result in high market share, and create an entry barrier to potential competitors, who may be unable to achieve the scale necessary to match the firms low costs and prices. The second dimension is achieving low direct and indirect operating costs. This is achieved by offering high volumes of standardized products, offering basic no-frills......

Words: 2128 - Pages: 9

Premium Essay

Confederation and Constitution

...HISTORICAL ESSAY #1 Confederation and Constitution The Articles of Confederation was agreed to by Congress on November 15, 1777 and was ratified and in force on March 1, 1781. By the year 1787, this new government had fallen short of the expectations of the people it was intended to govern. The weaknesses in The Articles of Confederation were numerous and had, in the thinking of many prominent men of that time, failed and would lead to a state of anarchy. There was such a sense of urgency to amend it that there seemed to be an atmosphere of panic among many of our Founding Fathers. John Dickenson and fellow members of the 2nd Continental Congress, weary of monarchy rule, had created the Articles of Confederation as a listing of twelve specific Powers given Congress by which to govern. Legislation required nine votes to pass. Each state had only one vote and this was problematic to the larger states, as their problems, more often than not, were based on a larger population and it was not unusual that the smaller states didn’t understand or want to pay for the solutions. Some lesser acts did not require nine votes to pass, but simply a majority of those present. Acts of Significant Consequence did require nine votes. The trouble with all of this was that even if nine votes could be achieved, there was no enforcement of law to be implemented by Congress. Congress could make law but not enforce it. It could charge states for their share of national...

Words: 2326 - Pages: 10

Premium Essay

Visual Culture Let 1 Research Paper

...March 21, 2012 Effects of the Transition to a Visual Culture Lucinda Whitfield Western Governor University The world has begun to move to a culture full of visual images, this transition has even had an impact on literature and has shaped our world into a visual culture. In this paper, the writer will investigate the effects of visual literacy on society. Visual images are observed in many facets of global society. Vast amounts of information today is embedded in forms of media that does not solely rely on linguistics causing the new digital generation to have a need to develop new types of literacy skills. Messages that were once conveyed through literary texts are now communicated through other forms of media that are enhanced or supported by visual images. The emergence of a growing visual culture has led to a steady decline in literary culture and has several underlying effects. Mirzoeff argued (1998) “the visual culture defines and delimits the post-modern present in that the culture that we call postmodernism is best imagined and understood visually, just as the nineteenth century was classically represented in the newspaper and the novel” (p.5). Understanding what is seen versus what is read will likely continue to be an important acquired and needed skill for people of all ages. Several trends are believed to be contributors for the need to attain new literacy skills. In a time of reality television, movies, video gaming, and digital billboards, it is......

Words: 3257 - Pages: 14

Free Essay

Environment and World Trade

...ECONOMICS WORLD TRADE AND ENVIORNMENT ISSUES AND POLICIES SEPTEMBER 2015 BY VIDUR KANODIA HR COLLEGE OF COMMERCE AND ECONOMICS MCOM – I DIVISION – M ROLL NUMBER – 28 Objective This paper provides an overview of trade, environmental, and related public issues and policies. It discusses the pollution problem, the recent global warming trend, the attempts of world’s various levels of institutions such as the UN, the WTO, regional, national, and other organizations to solve the global trade and environmental issues. It also discusses a number of basic theoretical issues and empirical findings such as the free-rider problem, tragedy of the commons, theory of second best, relative efficacy of price and quantity control, carbon leakage, border carbon adjustments, cap-and-trade system, pollution haven hypothesis, optimal social discount rate and the environmental Kuznets curve. Some computable general equilibrium models are reviewed and several notable WTO environmental and health-related trade dispute cases are analyzed, including the tuna-dolphin, shrimp-turtle, eco-labeling, beef- hormone, and GMOs cases. Introduction Trade liberalization can have substantial ramifications for the global environmental policy regime. Lowering trade barriers and opening new markets can boost economic growth and development, which may help or harm the environment. On the one hand, growth and development tend to increase resource and energy demands, degrade natural resources, and bring......

Words: 7929 - Pages: 32

Premium Essay

Management & Strategy Gurus and Masters

...http://www.easy-strategy.com/strategy-gurus.html Home Sitemap Contact Us Articles Speaker Seminars Consulting Negotiation War Room Osama El-Kadi Easy Strategy Videos Stories Gurus 36 Strategies Art of War News Build a Site My Books History Management & Strategy Gurus and Masters The complete A to Z Guide ABCDEFGHIJKLMNOPQRSTUVWXYZ A point of clarification before you start your journey with the gurus and masters: a Guru is a person who is very knowledgeable and teaches a particular strategy. A Master is a practitioner of the art of strategy in life and in business. Management & Strategy Gurus Main Guru's Index ABCDEFGHIJKLMNOPQRSTUVWXYZ 1 of 41 9/21/2014 3:38 PM http://www.easy-strategy.com/strategy-gurus.html Military Gurus Blog Ask me! Newsletter Clients Privacy Policy Motivational [?]Subscribe To This Site A Igor Ansoff Igor Ansoff The father of Strategic management Igor Ansoff (1918-July 14, 2002) was an applied mathematician and business manager. He is known as the father of Strategic management. He was a distinguished professor at United States International University (now Alliant International University) for 17 years, where several institutes continue his work in strategic management research. Igor was recognized worldwide as the Pioneer and Father of Strategic Management. He was the first management strategy guru to recognize the need for strategic planning for firms operating in the increasingly complex and turbulent......

Words: 8421 - Pages: 34

Premium Essay

Marketing Plan

...I. Executive Summery The evening of April 20, 2010 eleven lives were taken, and 17 others were injured. An exploration for crude oil, now remembered as one of our nation’s largest oil spills in history. A well control event allowed hydrocarbons to escape from the Macondo Well onto Transocean’s Deepwaster Horizon, resulting in explosions and fire on the rig. The fire, which was fed by hydrocarbons from the well continued to burn for 36 hours until the rig sank to bottom of the ocean. “Hydrocarbons continued to flow from the reservoir through the wellbore and the blowout preventer for 87 days, causing a spill of national significance” (Crisis Watch). The operations were controlled by BP Exploration & Production Inc., in which they held the lease contract as operators of Mississippi Canyon Block 252, which contains the Macondo Well. Deepwater Horizon exploration was to collect crude oil, one of the leading fuels in the world. After the explosion that shocked the nation, BP formed an investigation team that was in charge of gathering the facts surrounding the accident, analyzing available information and to identify possible causes and making recommendations to enable prevention of similar accidents in the future. The BP investigation Team began its work immediately in the aftermath of the accident, since gathering information directly from the explosion site was slightly out of the question immediately due to the horrendous events and lack of testimonies and vital......

Words: 4812 - Pages: 20

Premium Essay

Assess the Impact of Eu and National Regulations on the Prices of Natural Gas Across the Eu

...regulations and polices are proposed. This paper will analyze the past gas reforms and will try to assess the impact of those regulations on prices for natural gas and also investigate the competition of the EU natural gas market. The empirical analysis will focus on reform indicators such as vertical integration and market structure of the natural gas market, in order to show how these indicators are related to prices. By Kirill Osaulenko Content 1.0 Introduction ……………………………………………………..3 2.0 Literature Review ……………………………………………….3 2.1 The Structure Of the Gas Market in Europe ………………...3 2.2 How competitive is the natural gas market in Europe ……....4 2.3 Liberalization process across Europe………………………..5 2.4 Existing Empirical Evidence in the Academic Literature …..7 2.5 Summary of the review……………………………………...9 3.0 Competition in the EU gas Market …………………………….10 3.1 Wholesale Market ………………………………………….11 3.2 Production Market …………………………………………12 3.3 Conclusion on the competition in EU………………………12 4.0 EU Gas Industry reforms……………………………………….13 4.1 First Gas Directive …………………………. .…………….13 4.2 Second Gas Directive ………………………. …………….14 4.3 Security of Supply Directive ………………..……………..15 4.4 Third Gas Directive ………………………..………………16 5.0 The Data………………………………………..………………17 6.0 Econometric...

Words: 9150 - Pages: 37