Intro to Economics: 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 33 questions based on The Crash Course Economics video:Intro to Economics.
This assignment will ask students to go to YouTube and watch the Crash Course video:Intro to Economics. The video will introduce students to the broad topic of economics by providing examples of what economics is- understanding that decisions have costs, and knowing that resources are scarce. First, the concept of opportunity cost is explained using several examples (why do we drive when car accidents are possible?). Secondly, the video reviews scarcity- the fact that we do not have an infinite number of resources, farms, workers, raw materials, and capital. The example of military spending is used to show how scarce resources are used for aircraft carriers when they could instead build schools- President Eisenhower's military industrial complex speech is used for reference. The third topic the video covers is incentives, students will learn how governments influence the economy by offering incentives and why they can backfire if not used appropriately. The video concludes by examining the two branches of economics- micro and macro- and explaining the differences between the two.
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.