Topic Videos
Economics of the Crisis - Policies to avoid a Depression [Head Start in A-Level Economics]
- Level:
- AS, A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 12 May 2020
In this third lesson on aspects of the crisis, we have a series of videos covering how a recession can become a depression and whether fiscal and monetary stimulus policies will be enough to prevent a severe downturn.
Quiz
Try this Kahoot! quiz on macroeconomic policies to help avoid an economic depression. Click here to access the quiz.
Video 1
In this first video of lesson 3, we look at the risk of a depression for some economies as a result of the crisis.
Video 2
In this video we look at how five waves can cause an economic downturn to become an economic depression
Video 3
In this third video of this session, we think about some of the key ideas from Keynesian economics.
Video 4
In this fourth video in this session we look at some of the measures introduced by the government and the Bank of England to help avoid a deep and lengthy economic depression.
Quiz!
Have a go at this Kahoot! quiz on the economics of national debt!
Suggestions for further reading and watching
Financial Times: Global economy set for sharpest reversal since Great Depression
Guardian: Ten reasons why a 'Greater Depression' for the 2020s is inevitable (Nouriel Roubini)
For a while, it looked as if Keynes might become one of the “defunct economists” he once quipped about. But the 21st century has restored his reputation https://t.co/TC14OIcZFo
— The Economist (@TheEconomist) May 11, 2020
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