Deficits and Debt: Crash Course Economics Video Analysis with Key- This is an 8 page document that contains a video analysis assignment and a completed teachers key for easy marking. It contains 24 questions based on The Crash Course Economics video: Deficits and Debt.
This assignment will ask students to go to YouTube and watch the Crash Course video: Deficits and Debt. The video will first introduce students to the definitions and differences between deficits and debt. The national debt of the United States in particular is analyzed as is the cause of higher deficits in the near future, the retiring baby boomer generation. The video compares the U.S. debt to GDP ratio to other nations in order to show students that even though the national debt is high, the United States is in a better position than many other countries (Greece). The video moves on by analyzing the issues that result when nations accumulate too much debt, such as borrowing so much money that the private sector is shut out of the lending market, leading to job losses and stagnation. The financial crisis in Greece is used as an example to explain the concept of default and a worst case scenario involving debt.
This video analysis can be easily used as an introduction to the topic, a study guide, or a quick and easy sub plan. Students love the independence of this assignment by getting to use laptops, Chromebooks, or even their own cellphones to watch the video. Crash Course videos tend to move fast so students often find success if they watch the video through once before going back to pause/play to find the answers to all of the questions.