Hyperinflation What Zimbabwe Can Teach Us
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- Original Source:National Center for Case Study Teaching in Science
Conditions of Use:None Specified
Description
This case study uses the Zimbabwean experience with hyperinflation to give students an opportunity to apply a variety of economic concepts to a real world event. The topics include, but are not limited to, scarcity, production possibility frontier, supply and demand, and fiscal and monetary policies. Because the four parts of the case are linked together (they use the same economic scenario), students will carry over and apply the knowledge obtained in one part of the case to the next one. As a result, students see the interrelatedness of the macroeconomic issues and obtain a more comprehensive understanding of the issues and not just looking at one aspect in isolation. The case was designed for an introductory macroeconomics college course, but can be modified for a development or agricultural economics course. Instructors can choose to use all parts of the case or just some of them depending on time constraints and topic interest. Less
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Topics and Grades
Grade: Undergraduate to Graduate
Topics: Professional Development, History-Social Science, Economics
Resource Pedagogy
Resource Type/Classification:
- Teacher Materials
Tool for: Teachers