Macroeconomics: 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 34 questions based on The Crash Course Economics video: Macroeconomics.
This assignment will ask students to go to YouTube and watch the Crash Course video: Macroeconomics. The video will introduce students to the topic of Macroeconomics and how economists measure the overall health of a nations economy. The video will analyze the three factors economists use to gauge the economy: GDP, Unemployment Rate, and Inflation rate. First, the video will explain what GDP is and how its measured. Real GDP is described and its explained why its the best tool to measure economic output. Recessions, depressions, and the current Greek financial crisis are also explained. The video then covers how both the unemployment rate and labor force is calculated. Problems behind calculating unemployment, including discouraged workers and underemployment workers are then covered. The video concludes with an explanation of inflation and deflation and why both have negative consequences on an economy.
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.