Wednesday, February 1, 2012

Winners of the 2011-2012 Economics Video Contest on Supply and Demand

The Hackley Endowment for Capitalism and Free Enterprise Studies Announces Five Finalists in the Supply and Demand Video Contest
Fayetteville, NC, February 1, 2012 – The Hackley Endowment for the Study of Capitalism and Free Enterprise at Fayetteville State University is pleased to announce five finalists in its Supply and Demand Video Contest.
Our first place winner is, “Whatever You Like,” from Fayetteville State University (NC).  The song’s catchy chorus, “Demand meets supply at the equilibrium price/without regulations in the way/baby, we can make whatever you like!” is a parody of rapper T.I.’s “Whatever You Like.” These students will receive $2,500 and a plaque.  In expounding on his reasons for choosing the winning video, Brown University professor John Tomasi said, “I found myself smiling each time I watched it, great energy."

Whatever You Like Parody by students at Fayetteville State University (Fayetteville, NC)

Second place is awarded to the students of Shimer College (Chicago, IL) and Northwestern University (NY, NY) for their original song and video, “We Got it 4 Cheap.” These students will receive $350.

We Got It 4 Cheap by students at Shimer College (Chicago, IL) and Northwestern University (NY, NY)

The third place prize of $250 goes to the creators of, “Girl, Look at that Market,” from students at Pine Crest School, Ft. Lauderdale, FL.  The video parodies “Sexy and I Know It” by pop group LMFAO.
Girl, Look At That Market! (Sexy and I Know It Parody) by students at Pine Crest School, Ft. Lauderdale, FL

Our fourth runner-up is, “Supply and Demand: A Thug Story,” by students from George Mason University (Fairfax, VA) and George Washington University (Washington, DC).  The fifth runner-up is, “Supply and Demand,” from the students at Wichita State University.  These schools will share a $400 prize.

Supply and Demand: A Thug Story by students at George Mason University (Fairfax, VA) and George Washington University (Washington, DC)

Supply and Demand Contest Video by students at Wichita State University, Winchita, Kansas

To date, the winning videos have received over 28,000 views total on YouTube.

“It was impressive to see the amount of interest the Supply and Demand Music Video Contest garnered and watch the incredibly creative videos submitted by students.  We were proud to sponsor this event,” said Dean Tavakoli.
The video entries were judged according to their economic content, creativity and presentation, with the number of YouTube views and poll votes received on Facebook also considered.  Contest judges included Emergent Order director and music video producer, John Papola, Professor Edward Stringham (Fayetteville State University), Professor Michael Munger (Duke University) and Professor John Tomasi (Brown University). 

Lloyd V. Hackley Endowed Chair Edward Stringham stated, “As coordinator of the contest judging, it was a nice surprise to see that two of our three judges voted for a video created by my own students at Fayetteville State University. There were so many first-rate entries that I’m uncertain for whom I would have voted. The winning entry from the Fayetteville State University students was incredibly amusing, and I am happy to see them win." As the professor of the group with the winning entry, Dr. Stringham was entitled to win $500.  He has decided instead to give the prize money to the fourth and fifth runners- up, who had excellent entries as well.
Congratulations to our finalists and thank you to all of our contest participants for their video entries!
The contest tasked students with creating informative and entertaining videos explaining the concept of supply and demand. Entries were received from high school, undergraduate and graduate students across the U.S.
For more information about the Hackley Chair, please visit the L.V. Hackley Chair website or contact Dr. Stringham at or Ms. Malika Mercer at


  1. Congrats to the top two videos! Combined they almost have as many likes, votes and views as the third place video. I commend the judges for being flexible enough to choose the best video regardless of the contest guidelines. Also, top-notch job to the first place video for the excellent PowerPoint at the end that was worth breaking the rule that penalizes videos for going over three minutes. And to the runners up: shame on you for producing high quality videos for a university that so blatantly prefers inferiority.

  2. Greetings FriedAHayek, This is Prof. Stringham of the Hackley Endowment at Fayetteville State University. Many of the videos clearly had very high quality (with some at off the charts quality in certain areas) and I am glad that I left the judging to the three external judges from Brown, Duke, and EmergentOrder (I simply compiled their votes). Personally I really liked "Girl Look at that Market" from Pine Crest and "Supply and Demand Contest Video" contest from Wichita State. I had predicted that "Girl Look at that Market" was going to win. It was snappy, funny, and extremely well done. I watched it many times! But in the evaluation of the judges from Brown, Duke, and Emergent Order they said:

    "I thought 'Whatever You Like' was the best by a wide margin. Artistically it is well crafted and easy to watch."

    "I liked the way the students zeroed in on a couple key issues: 'Without regulations in the way, baby, we can make whatever you like' and 'Tell Congress sit down and be quiet.' Just fabulous!"

    "Most hardcore."

    "Overall best: 'Whatever You Like,' by FSU students."

    "I found the content to be terrific, well reasoned, and cleverly written into the song."

    "The chorus is ridiculously catchy (my wife was smacking me to stop singing, 'Whatever you LIIIIIIIIke! Whatever you LIIIIIIIIKE!'). The voices are a little weak, and the production values were only okay. But the complexity and accuracy of the economic content was wonderful."

    They weighed many factors including how many votes each video got but that was their ultimate ranking.

    About "Girl Look at that Market", the judges were also very positive with two votes for second and one vote for third and comments like, "Best parody. Most playful." I really wish that each of them could have won first place but two votes for second did not match two votes for first or one vote for first so I went with the votes from the judges.

    The good news is that next year we will have another contest next year with $2,500.

    Thanks for your interest in the contest and I hope you encourage all of the excellent entrants to compete again this coming year.