Watch the following video and then record a brief essay that includes the talking points below.
Introduction/background/example of economic bubble: In the video about the tulip market, what pushed up tulip prices? In the same video, what caused the “Tulip mania” bubble to burst? Use the demand/supply model to explain these changes.
• Current evidence of an economic bubble: Find a recent economic bubble, by either using a secondary source or by providing real pricing information that reflects a product’s quick rise & fall. Be sure to include your sources on a reference page at the end, and use in-text citations.
• Practical application: As an investor, what evidence would you look for to detect an economic bubble forming? What steps might you take to lower your risk of losing substantial investment to an economic bubble bursting?
Your video should be approximately 3-5 minutes long and meet professional standards in terms of content.
Sample Solution