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\nUnderstanding the 2008 Financial Crisis: Causes, Impacts, and Policy Responses\n

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\nThis video provides an overview of the causes and impacts of the 2008 financial crisis, as well as the response by UK institutions and the government. The speaker explains how subprime mortgages in the US and their repurchase in opaque...\nThis video provides an overview of the causes and impacts of the 2008 financial crisis, as well as the response by UK institutions and the government. The speaker explains how subprime mortgages in the US and their repurchase in opaque portfolios led to a global economic downturn, causing a reduction in growth and affecting consumption, investment, and employment. The video also addresses the interventions made in the UK, including the lender of the last resort function, monetary policy response, and fiscal policy response.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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4:32
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
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Concepts

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economics, loans, nature, assets, economy, debt, consequences, banks
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Additional Tags

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a-level, snapshots, summary, macro, slide, 56, 2008, financial, crisis, policy response, financial sector, economic agents, financial crisis, devastating impacts, central bank, subprime households, subprime, mortgage, institutions, impacts, households, portfolio, securities, wrong, function, bank, causing, started, investors, economies, caused
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding the 2008 Financial Crisis: Causes, Impacts, and Policy Responses\" href=\"/subscription/new\">\"Understanding\n\n
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