Inflation and Bubbles: 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 32 questions based on The Crash Course Economics video: Inflation and Bubbles.
This assignment will ask students to go to YouTube and watch the Crash Course video: Inflation and Bubbles. The video will introduce students to the topic of purchasing power, price fluctuations, and how inflation causes prices to change. The consumer price index is explained, as is the consumer basket- A list of goods economists pick out which represent what an average consumer buys in one year. The calculation of the CPI using the consumer basket is demonstrated, as is the difference in nominal and real prices. Demand pull inflation and cost push inflation are both reviewed and students learn that inflation is caused by too much money chasing too few goods. The video concludes by reviewing financial "bubbles". The housing bubble of 2000-2006, the dot com bubble of the late 90's, and Dutch tulip mania of the 1620's are all used as examples of a bubble. Speculation and the eventual crash of all bubbles is covered.
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.