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Hayek's Gift Instructional VideoHayek's Gift Instructional Video
Publisher
Emergent Order
Resource Details
Curator Rating
Educator Rating
Not yet Rated
Grade
10th - 12th
Subjects
Social Studies & History
1 more...
Resource Type
Instructional Videos
Media Length
1:36
Audiences
For Teacher Use
1 more...
Instructional Strategies
Direct Instruction
1 more...
Technology
Video
Internet Access
Year
2011
Usage Permissions
Fine Print
Instructional Video

Hayek's Gift

Curated and Reviewed by Lesson Planet

Two economists walk into a restaurant...Here is a fun video clip that provides a small glimpse into the influential economic theories of John Maynard Keynes and Friedrich Hayek. 

8 Views 8 Downloads
CCSS: Adaptable

Concepts

aggregate demand, macroeconomics, recessions, economic principles, economics, economic indicators, john maynard keynes, keynesian economics, economists, long run aggregate spending

Additional Tags

social studies

Instructional Ideas

  • Discuss the presence of champagne in the video as a metaphor for each economist's respective theories
  • Use the video as an introduction to or summary of the economists and their macroeconomic theories. If using as an introduction, ask pupils to hypothesize what their theories might be about given the clues in the clip

Classroom Considerations

  • Review the clip to determine whether it is appropriate for the age and maturity level of your learners, as alcohol is referenced throughout as the primary symbol for illustrating Hayek and Keynes' distinct economic theories
  • This video is hosted on YouTube

Pros

  • Brief and entertaining clip
  • Well produced and modern

Cons

  • None

Common Core

RH.11-12.4 RH.11-12.7

View 73,137 other resources for 10th - 12th Grade Social Studies & History

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