Chapter 4. Media & Culture, 12e; Video Activity: The Economy and the Election

Video Activity: The Economy and the Election
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You must read each slide, and complete any questions on the slide, in sequence.

Robert Shiller, a Sterling Professor of Economics at Yale University and Nobel Prize winner, discusses economic narratives and the 2020 election with Bloomberg’s Michael McKee.

Source: BoClips/Bloomberg

After watching "Robert Shiller on Narrative Economics and Its Role in the Current Economy," consider the question(s) below. Then “submit” your response.

1. In this video, economics professor Robert Shiller claims that news broadcasts often cite economic indicators as evidence of a “strong economy,” even though their evidence is not as compelling as the reports may imply. What, if any, ethical issues arise from the media pushing a “strong economy” narrative using evidence like this? What responsibilities do you believe the media has regarding the narratives they share about election issues?

Your response has been provisionally accepted and will be graded by your instructor.

2. Robert Shiller mentions that President Trump has attached himself to the “strong economy” narrative, with 60 percent of articles using the phrase in recent years also mentioning the president. Find examples of media coverage that discuss the Democratic candidates’ perspectives on the state of the economy. Do you notice any similarities or differences in the narratives coming from these sources? How can media literacy prepare you to see beyond media narratives to obtain a fuller understanding of election issues, such as the economy?

Your response has been provisionally accepted and will be graded by your instructor.

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