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. 

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CCSS: Adaptable
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
  • Brief and entertaining clip
  • Well produced and modern
  • None
Common Core