Get Free Access for 10 Days!
Instructional Video

"The Bust" - The Austrian Theory of Boom and Bust with Lawrence H. White

Curated and Reviewed by Lesson Planet
This "The Bust" - The Austrian Theory of Boom and Bust with Lawrence H. White instructional video also includes:

In the "boom and bust" of a business cycle, what takes place during a recession? What should the role of government be? Watch as an American professor of economics comments on this theory, which mixes the interview with relevant graphics and entertaining sequences. 

9 Views 4 Downloads
CCSS: Adaptable
Concepts
the business cycle, the unemployment rate, depression, interest rates, financial crises, macroeconomics, economic principles, economic indicators
Show More Show Less
Additional Tags
social studies
Show More Show Less
Instructional Ideas
  • Dr. White makes various claims throughout his interview that you can ask pupils to consider, confirm, and debate if applicable
Classroom Considerations
  • The presenter uses an extensive vocabulary throughout his interview, which could be confusing for some learners. Remember to pause the video frequently in order to clarify concepts and questions
  • This video is hosted on YouTube
Pros
  • Makes direct connections to the financial crises of 2008
  • Several graphics and images included to further explain content
Cons
  • None