How the Media Influences Our Perceptions of Economics Persuasive Essay by Top Papers

This paper argues that the media greatly shapes our perceptions of economic terms, theories, and concepts. In particular, concepts such as supply and demand and terms like marginal cost are often distorted by the media inasmuch as it is trying to cater to as large an audience as possible - and is prepared to feed the public's instinctive dislike of powerful corporations in order to do so. This paper also looks at the controversial documentary, The Corporation, and outline how the film offers a simplistic view of a core tenet of supply and demand - "market equilibrium" - and also offers a simplistic view of marginal cost.