How to get away with a crisis? - Economy Studies

Crises are a key part of the history of the global economy. The impact of a crisis on the broader economy depends in large part on the policy taken by governments to respond to the crisis. This lesson introduces students to the crisis management theories of John Maynard Keyens by presenting them in the historical context of the Great Depression, the Post-War increase in the state in managing the economy, and the Energy Crisis of the 1970s. It then encourages students to think critically about the responses to contemporary crises. Your role as a teacher is to help them identify which parts of Keynes’s theory could be relevant to interpret the response to crises.