Archive for the 'Podcast' Category

Nov 21 2012

IB Economics Podcast Assignment – Market Failure Commentary

As IB SL and HL students, you will be required to write, record and post one podcast written and performed by you and a classmate. The purpose of this project will be to strengthen and enhance your ability to explain economic theory, apply it to current real-world issues and evaluate the effectiveness of economic theory to explain what is occurring.As these skills are required to write a successful IB Economic Internal Assessment, the process of producing the podcasts will strengthen the performance of students on their IAs.

Before reading the rest of the assignment details, listen to the three podcasts below. The first is an introduction to the IB Internal Assessment and this podcast assignment from Mr. Hauet. The second is an example of the type of analysis you may do in an IB Economics podcast from me. The third is a podcast by a Digital Journalism student in which she investigates the negative externalities of the meat industry.

The Assignment:

Students will work in pairs and sign up to produce a podcast on a real world market failure.

For example, you may choose to do your story on an industry you are aware of that creates water pollution:

  • Research the industry and find examples how it creates water pollution.
  • Investigate the external costs imposed by this industry on the environment and human health.
  • Gather data from studies that have already been conducted on industry’s contributions to water pollution.
  • Interview individuals or find others’ written or audio/visual accounts of the social, environmental, or health impacts of water pollution.
  • Investigate solutions to water pollution that have been implemented in different communities or nations.
  • Propose solutions to the specific examples of water pollution you have investigated.

Any audio editing program may be used to produce your podcast. You may find the following recommendations useful:

Podcast Requirements:
Part 1 – Introduction
  • An intro accompanied by music – the intro should be a hook such as a section from an interview or a clip from a news program. The music should not be copyrighted and therefore must be taken from sites such as Jamendo or produced by yourself (Garage Band is great for this)
  • An brief  introduction to the topic of the podcast
  • A fact, economic indicator or story that happened recently that may interest your listeners.This is your “hook”.
Part 2 – Analysis
  • Summarize the issue. This should include the cause of the market failure, what it means for the economy, the environment, society or human health, and what is being done about it.
  • Application – How can economic theory inform our understanding of the market failure you have chosen to research.
  • Analysis– Does economic theory support the findings from your research and what is said in the interview? Why or why not? In a written commentary, diagrams would be a crucial part of analysis. Since this is audio, you can describe the concepts that the diagram you could use illustrate.
  • Interview – The podcast must include at least one interview with someone who can provide additional insight into the market you have chosen to research. You may interview someone yourself, or you may use an excerpt from an interview you found in your research (perhaps on YouTube).

Part 3 – Evaluation

  • Evaluation – What are the short and long run implications of the market failure on society, the environment or human health. What are the possible solutions to your market failure? How are different stakeholders effected? Is one solution better than another and why?
  • Conclusions – Bring the podcast to a close by discussing the implications of the issue in other areas. Can this issue be fixed and if so what are the future implications? Be sure to end just as you started, with some nice music that suits the topic.

Bibliography: As this assignment will involve original research, you are required to produce a bibliography. It should be formatted properly. You may use EasyBib to help you with the formatting of our bibliography.

Examples:

Here are some examples of economics podcasts from Planet Money. Your podcast should be similar in its production to these.

Samples of last year’s student podcasts:

Your final product will be assessed using similar criteria for the internal assessment and will include the following:

  1. Terminology – Terminology appropriate to the topic is used throughout the podcast – 2 marks
  2. Application – Relevant economic theories are applied throughout the podcast – 2 marks
  3. Analysis – There is effective economic analysis within the context of the topic and interview – 3 marks
  4. Evaluation – Judgments are made using sound evidence and appropriate reasoning – 4 marks
  5. Podcast Requirements – The podcast is presented in a highly effective manner, including a clear introduction with music, clear audio, at least one interview, a conclusion with music, and a bibliography formatted in MLA style. – 3 marks

Total – 14 marks

2 responses so far

Dec 15 2011

ZIS Economics Student Podcasts – now online!

Over the last two weeks our IB Year 1 Economics students here at Zurich International School have been writing, recording, editing, and now publishing their own podcasts. Over the next two days these podcasts, covering several economics issues relating to Market Failure, will be published to the site below. If you have the chance, give them a listen; there are some very high quality examples of economic analysis and commentary here! Enjoy!

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Dec 13 2011

Podcast: Time is Money

Over the weekend I watched the new Justin Timberlake movie, In Time. In this edition of Welker’s Wikinomics Podcast I analyze the movie’s basic premise from a macroeconomic viewpoint.

Listen to the podcast, and then answer the discussion questions at the bottom of this post.

Discussion Questions:

  1. Why does increasing the supply of money cause the demand for goods and services to rise?
  2. Why does increasing the supply of money ultimately cause the supply of goods and services to fall?
  3. When would an increase in the money supply be most inflationary, when an economy is producing close to its full employment level or when an economy is experiencing a recession? Explain.
  4. With the help of a money market diagram and an aggregate demand / aggregate supply diagram, illustrate the effects of Will and Silvia’s re-distribution of time on the Ghetto’s economy.
  5. According to Friedman, expansionary monetary policy cannot contribute to a nation’s long-run economic growth. What types of government policies can be implemented to promote economic growth in a nation?

Podcast Credits: 

  • Intro song: The Rolling Stones – Time is On My Side
  • Ending song: Pink Floyd – Money
  • Milton Friedman quotes – Donahue, 1980

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