Watch the 4 Game of Theories Business Cycle Videos at MRUniversity.com.Â
Game of Theories: The Keynesians
2.Â
Watch the two Keynes vs. Hayek Rap videos (Part I and Part II).  Outline and summarize the key ideas at the foundation of each side of the argument.  List any economic terms/concepts you recognize in the videos from your studies in  macroeconomics this semester. Which Business Cycle Theories do you see in the rap videos?Finally, explain your reaction or position in the debate.  Who makes the stronger argument?  Why?
This criterion is linked to a Learning Outcome Outline/summary of both arguments 5.0 pts Exceeds Extensive, thorough, well prepared summaries/outlines of each side. 4.0 pts Meets Expectations Correct, adequate summaries. 3.0 pts Approaches expectations Summaries provided but light on content/support, or a position slightly misrepresented 2.0 pts Needs Improvement Summaries too brief, lacking support and/or incorrect. 0.0 pts No Marks 5.0 pts This criterion is linked to a Learning Outcome Theories Represented 5.0 pts Exceeds Expectations Theories correctly identified and explained with support/examples from videos. 4.0 pts Meets Expectations Correctly identified theories for each side. 3.0 pts Approaches Expectations Theories partially identified and/or 1 mistake present. 2.0 pts Needs Improvement Theories incorrectly identified and/or more than 1 mistake. 0.0 pts No Marks 5.0 pts This criterion is linked to a Learning Outcome Economic Concepts 5.0 pts Exceeds Expectations Correct, extensive and thorough list of relevant economic concepts in videos. 4.0 pts Meets Expectations Adequate list. Not complete 3.0 pts Approaches Expectations Correct list, but small and lacking some important/obvious concepts 2.0 pts Needs Improvement Inadequate list and/or incorrect concepts identified 0.0 pts No Marks 5.0 pts This criterion is linked to a Learning Outcome Reaction 2.0 pts Exceeds Expections Reaction well explained, supported and defended. 1.5 pts Meets Expectations Reaction adequately explained, supported, defended. 1.0 pts Approaches Expectations Provided a reaction but didn’t explain, support or defend. 0.0 pts No Marks 2.0 pts This criterion is linked to a Learning Outcome Stronger Argument 3.0 pts Exceeds Expectations Well developed case made and explained with examples provided for support. 2.0 pts Meets Expectations
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