This activity will enable you to:
Thinking about situations and scenarios in the real world from an economic perspective can lead to somewhat different conclusions than if you were to think about these situations from an individual or social perspective. This course in microeconomics has introduced you to some principles that economists use to analyze what happens in the real world.
Discussion
Refer to newspapers or the Internet and collect information about a recent situation of unrest, such as a war or a terrorist attack. Then, considering all that you have learned about the behavior of producers, consumers, and markets, post a response to the following: