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I think it's crazy that Woody Allen doesn't start writing until his sponsors pay the money. Nor do they have any creative rights.

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I think it's crazy that Woody Allen doesn't start writing until his sponsors pay the money. Nor do they have any creative rights.

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I love what Graham King said about the movie not just being about the dollar.

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I love what Graham King said about the movie not just being about the dollar.

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Patrick Goldstein said something about the Studio Economic Model and I had never heard the term so I looked it up.

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Patrick Goldstein said something about the Studio Economic Model and I had never heard the term so I looked it up.

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Economic Models

An economic model is a hypothetical construct that embodies economic procedures using a set of variables in logical and/or quantitative correlations. It is a simplistic method using mathematical and other techniques created to show complicated processes. An economic model can have many constraints, which may change to generate different property.

Uses of Economic Models

There are five main reasons that economic models are used. These are:

1. To predict economic activities in which conclusions are drawn based on assumptions

2. To prescribe new economic guidelines that will change future economic behaviors

3. To provide logical defense to justify economic policies at three levels: national/political, organizational, and household

4. For planning and allocating resources and planning logistics and business leadership

5. To assist with trading and investment speculation

Classical Economic Model

The law of demand and the law of supply are represented in one very commonly used economic model: the classical model. The law of demand states, with all other factors remaining unchanged, the quantity of a product or service that is demanded will increase when the price has decreased. The law of supply states, with all other factors remaining unchanged, an increase in price will result in an increase in the quantity of the product or service that is supplied to the market.

This is a graphical representation of the classical economic model:

The graphic shows that as the price changes from $4 to $3, the quantity demanded of the product changes from 18 to 28. It also shows that as the price increases from $1 to $5, the quantity that the supplier is willing to offer to the market increases from 10 to 60. Equilibrium price and quantity occurs when the quantity supplied by the producer and the quantity demanded by the market is equal.

The Production Possibility Frontier Model

Another important economic model is the production possibility frontier (PPF): a curve that depicts maximum productivity likelihood for two or more products, with a specific set of inputs, such as technology, labor, or capital. The main assumption of the PPF is that all inputs are utilized with utmost efficiency.

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what is an economic model? - definition & example - video & lesson transcript | study.com

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What is an Economic Model? - Definition & Example - Video & Lesson Transcript | Study.com

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An economic model is a hypothetical construct that embodies economic procedures using a set of variables in logical and/or quantitative correlations. It is a simplistic method using mathematical and other techniques created to show complicated processes. An economic model can have many constraints, which may change to generate different property.

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Goldstein also made the point that you have to consider how the budget will change when using a different destination.

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Goldstein also made the point that you have to consider how the budget will change when using a different destination.

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When working international it all goes down to relationships.

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When working international it all goes down to relationships.

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-Graham King

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You may have to come out of pocket for the love of the movie!

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You may have to come out of pocket for the love of the movie!

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- Jim Burke

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Jim Burke and his team will take a step back and think about the necessities of the movie. Not everything HAS to be included.

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Moneyball had to have full approval from the MLB.

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Moneyball had to have full approval from the MLB.

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Letty Aronson said they never do rehearsal. I wish she would have elaborated as to why. She also said that most of the time it is just the actor, not their secretaries, cooks, or person trainers. When she said this I thought I had understood why. I thought maybe it was because they want the talent to always be in character with no distractions . . . but then she said they if they wanted them they would have to pay for them. That made me think "money hungry". She also mentions Allen majority of the time it's almost like he runs the show, which of course he has a big say being that he is the director but it seems like his thoughts are the only things that make their way to the final cut.

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Letty Aronson said they never do rehearsal. I wish she would have elaborated as to why. She also said that most of the time it is just the actor, not their secretaries, cooks, or person trainers. When she said this I thought I had understood why. I thought maybe it was because they want the talent to always be in character with no distractions . . . but then she said they if they wanted them they would have to pay for them. That made me think "money hungry". She also mentions Allen majority of the time it's almost like he runs the show, which of course he has a big say being that he is the director but it seems like his thoughts are the only things that make their way to the final cut.

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Bill Pohlad said even though Terry (Terrance Malick pictured below) has a strong artistic vision he knows how to be respectful about how what he wants.

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Bill Pohlad said even though Terry (Terrance Malick pictured below) has a strong artistic vision he knows how to be respectful about how what he wants.

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There is not one African American, Latinx, Asian, etc. person in either panel.

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There is not one African American, Latinx, Asian, etc. person in either panel.

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David Seidler is a GREAT storyteller in my opinion. A great voice indeed. I would have never known he had a stutter. The permission story was very funny and engaging. I am now a new fan.

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David Seidler is a GREAT storyteller in my opinion. A great voice indeed. I would have never known he had a stutter. The permission story was very funny and engaging. I am now a new fan.

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I was excited to see woman on the panel.

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I was excited to see woman on the panel.

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Aaron Sorkin caught a lot of controversy with Mark Zuckerberg. However, Sorkin defends himself saying that if anything had been deemed untrue Zuckerberg would own Sony right now.

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Aaron Sorkin caught a lot of controversy with Mark Zuckerberg. However, Sorkin defends himself saying that if anything had been deemed untrue Zuckerberg would own Sony right now.

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Scott Silver says it's a lot harder to  make a movie about someone who is still alive. It is hard not to step on any toes.

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Scott Silver says it's a lot harder to  make a movie about someone who is still alive. It is hard not to step on any toes.

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Silver also says it is an eye opener for the subject to see themselves through someone else's eyes. Like in his example with Mickey Ward

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Silver also says it is an eye opener for the subject to see themselves through someone else's eyes. Like in his example with Mickey Ward

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Silver thought the movie was going to kill Alice Ward.

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Silver thought the movie was going to kill Alice Ward.

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Michael Arndt never really got to say much. I was most excited for his commentary, probably because that was the only movie I had actually watched.

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Michael Arndt never really got to say much. I was most excited for his commentary, probably because that was the only movie I had actually watched.

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Definitely thought I was the only one mad about how much Aronson talked about Woody Allen!

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Definitely thought I was the only one mad about how much Aronson talked about Woody Allen!