Imports, Exports, and Exchange Rates: Crash Course Economics Video Analysis with Key- This is a 12 page document that contains a video analysis assignment and a completed teachers key for easy marking. It contains 38 questions based on The Crash Course Economics video: Imports, Exports, and Exchange Rates.
This assignment will ask students to go to YouTube and watch the Crash Course video: Imports, Exports, and Exchange Rates. The video will first introduce students to the concepts of imports and exports. The role of the United States being the world largest importer is reviewed, as is its trade relationship with Canada, its largest trading partner. Students will then learn about the meaning behind the terms net exports, trade surpluses, and trade deficits. The value of international trade is discussed, as is its drawbacks- abuse of workers, environmental degradation... etc. NAFTA is examined in the video and both the pros and cons of the agreement are discussed. The role of the WTO and the policy of protectionism are also reviewed and compared. Currency appreciation and depreciation are explained at the conclusion of the video and students will learn the pros and cons of a high and low U.S. dollar. The video also explores why China artificially depreciates its own currency.
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.