Human Sciences (Economics)
At the end of last month, stock market experts at StockMarketFunding.com pointed to a potential collapse in the stock market in the middle of October. The date 16th October is mentioned in the following clip:
It's all to do with 'Put Options' and if you can get through this and the rest of the stock market jargon, you'll see that the experts predict a crash in the US stock market that could have serious ramifications all over the world.
Historically, 'Red October' might very well have the same global impact as the fateful 'Black Monday' of 19th October 1987 or the panic of 2008 during 'Black Week' (beginning 6th October) which some argue sparked a global economic crisis, whose fallout we are experiencing at present.
How far does the knowledge of experts created insecurity and fear about the economy? To what extent are their predictions based on reliable evidence? In what ways does their language obfuscate or clarify the reality of the financial situation?
These are all KIs that emerge out of a very real life situation and could be useful to explore as the basis of a TOK presentation. Indeed, if you imagine that the above paragraphs are a set of preparation notes, you'd have a potential script for an introduction to a presentation...