Recession, Hyperinflation, and Stagflation: 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 35 questions based on The Crash Course Economics video: Recession, Hyperinflation, and Stagflation.
This assignment will ask students to go to YouTube and watch the Crash Course video: Recession, Hyperinflation, and Stagflation. The video will first introduce students to the occurrences of hyperinflation in Wiemar Germany in the 1920's and in modern Zimbabwe. The causes of hyperinflation are reviewed and detailed information about both case studies, from the inception of the crisis to how hyperinflation came to an end, are covered. The destructive consequences of hyperinflation and the velocity of money are also reviewed. Following that, the video describes depressions and recessions, in particular the Great Depression. The results of recessions are covered in great detail. To complete the assignment, students will learn about stagflation. The oil shocks of the 1970's are used as a case study to help explain what happens when a stagnant economy and inflation occur at the same time (stagflation).
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.