The 2007-2008 recession was the most significant economic crisis since World War II, featuring the collapse of major financial firms, a disruption of credit and investment, an unemployment rate of 10%, and a 15% drop in production. As we commemorate the ten year anniversary of the fall of Lehman Brothers, the Great Recession reminds us that economic events do not have simple or obvious causes. Was it low interest rates, uneducated financial decisions, greed, or deregulation that caused the crisis? During this webinar, in partnership with Marginal Revolution University, we will run through activities to help students understand the numerous and interconnected causes of the Great Recession, and how they exemplify some of the most important topics in macroeconomics.
Presenter: Presenter: Todd Miller, Economics Teacher, Radnor High School, Radnor, Pennsylvania