Income and Wealth Inequality: Crash Course Economics Video Analysis with Key- This is a 10 page document that contains a video analysis assignment and a completed teachers key for easy marking. It contains 27 questions based on The Crash Course Economics video: Income and Wealth Inequality.
This assignment will ask students to go to YouTube and watch the Crash Course video: Income and Wealth Inequality. The video will first introduce students to the definitions of both wealth and income inequality. The video will then break down how global wealth is not distributed equally by looking at wealth in Europe and North America compared to the developing world. The video will go on to explain how the Industrial Revolution led to this massive wealth gap and how technology is helping to accelerate this gap still today. Skill-Biased Technological Change is defined and students will learn how education has become a major factor in the widening income gap in America and around the world. The widening income gap in America is examined, using statistical data from 1970, 1990, and 2010. Students will see how the rich-poor divide in America has increased over the last 40 years. The impact of income inequality on the political process is discussed as is how economists have suggested to lessen the income gap. An increase in the national minimum wage, a national childcare program, and a larger social safety net are all ideas mentioned on how to lessen the income gap. Progressive tax rates are also reviewed.
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.