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Instructional Video

Fight of the Century: Keynes vs. Hayek Round Two

Curated and Reviewed by Lesson Planet

In a witty and entertaining video, world-renowned economists John Maynard Keynes and Friedrich Hayek come to life and debate impact of government spending on the economy through the medium of a rap song and metaphor of a boxing match.

16 Views 6 Downloads
CCSS: Adaptable
Concepts
the free market, capitalism, economic systems, economic principles, macroeconomics, macroeconomic indicators, depression, recessions, the unemployment rate, john maynard keynes, keynesian economics, laissez-faire, economists
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Additional Tags
social studies
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Instructional Ideas
  • Use the transcript option on YouTube to print the lyrics of the song in the video. Then, as you present the video, have class members take notes on the various allusions and references made to economic ideas to reference during discussion
Classroom Considerations
  • It may help to have the closed captioning displayed throughout the video so pupils can have an easier time comprehending the lyrics and concepts
  • This video is hosted on YouTube
Pros
  • Creative and engaging approach to explaining and evaluating the two economic theories
  • Well-produced, modern video
Cons
  • None