The 2008 Financial Crisis: Crash Course Economics Video Analysis with Key- This is a 12 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: The 2008 Financial Crisis.
This assignment will ask students to go to YouTube and watch the Crash Course video: The 2008 Financial Crisis. The video will first introduce students to mortgages, and the role they played in the 2008 Financial Crisis. Mortgage backed securities, sub prime mortgages, and predatory lending practices are explained next, as is the massive investments which were made into the US housing market in the early 2000's. The video then goes on to explain how a housing bubble formed and why it eventually popped, causing the crisis. The collapse of housing prices, massive mortgage defaults, and banks now holding worthless mortgage backed securities are all covered. The response by the Federal Reserve and Congress, TARP and other bailouts, are then reviewed. The video concludes by describing the concepts of morale hazards and perverse incentives, both of which made the 2008 financial crisis possible.
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.