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

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

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CCSS: Adaptable
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
Pros

  • Makes direct connections to the financial crises of 2008
  • Several graphics and images included to further explain content
Cons

  • None