Supply and Demand: 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 21 questions based on The Crash Course Economics video: Supply and Demand.
This assignment will ask students to go to YouTube and watch the Crash Course video: Supply and Demand. The video will introduce students to the topic of markets and voluntary exchange. Supply and Demand will be introduced using the standard supply and demand graphing method and students will be asked to recreates several graphs in this assignment. While creating their own graphs, students will learn about surplus's and shortages, as well as go over the supply curve and the demand curve. Equilibrium prices will eventually be covered as students see how both the supply and demand curves intersect. External factors on supply and demand (the weather, international trade) are also examined and students will again create new graphs that reflect the shifting of an equilibrium price. The video concludes by examining scenarios when the free market is not the best place to determine supply and demand (firefighting).
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.