Answer the questions from the video below:

1a. Describe how the 2008 financial crisis was connected to the mortgage market. Then describe how the 2008 crisis affected you or someone you know.

1b. Summarize what you learned about the many financial crises that were described in the film. Research one of the historical crisis mentioned during the part of the film where they talk about the many historical financial crisis and discuss some policy responses to 2008 the financial crisis. (i.e. how did governments respond)

1c. Describe Minsky's financial instability hypothesis. Research Minsky's work on hedge, speculative and ponzi finance and summarize each type of debt structure.(Levy Institute) Links to an external site.

1d. Write a paragraph explaining some of the problems with the neoclassical model discussed in the film. (Most of your textbook is based on the neoclassical model). Provide an example of how real markets do not fit the neoclassical model. 1e. Write a paragraph describing how students have responded to the 2008 financial crisis. What is the benefit of studying economics? How is a financial crisis different from the economic crisis caused by the pandemic?

video: https://tubitv.com/movies/387156/boom-bust-boom?start=true&utm_source=google-feed&tracking=google-feed