Grade 9-12
,
On-Demand Webinar

Current Events in Economics – Russian Sanctions

Time: 60 mins,
Presenter: Council for Economic Education
Teacher Version
Objective Standards Summary Description Resources
Print

Objective

Teachers will be able to:

  • Explain the different types of sanctions countries may use when trying to influence the behavior other nations.
  • Explain why The United States has a greater ability to implement effective sanctions relative to other nations.
  • Describe the costs and benefits of using sanctions to influence the behavior of other nations.

Standards

State Standards

Concepts

Balance of Trade, Budget Deficit, Credit, Decision Making/Cost-Benefit Analysis, Economic Systems, Employment and Unemployment, Financial Markets, GDP, Incentives, Inflation

This video is available to view for EconEdLink members only.

In this webinar, you will explore the unprecedented scope and scale of economic sanctions placed on Russia in response to its invasion of Ukraine.

Description

While the use of sanctions to influence the behavior of nations is nothing new, the scope and speed of sanctions against Russia in the wake of its invasion of Ukraine are unprecedented. Join us for an explanation of the economic tools being waged by the world community. You’ll come away with a firmer understanding of what’s happening, including the costs of sanctions, and you’ll be ready to address the topic with confidence in your classroom.

Resources

Subjects:

Related Resources

Grades 6-8, 9-12

Buying Electric Appliances - Watt You Need to Know

In this lesson, students learn about the importance of energy costs when considering household budgeting decisions. They also consider the...
Key Concepts: Budgeting, Decision Making/Cost-Benefit Analysis, Opportunity Cost
60 mins
Lesson

Grades 9-12

Can We End Housing Insecurity?

Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government
90 mins
Lesson

Grades 9-12

Should Private Companies Operate Prisons?

Students analyze and rank the four general goals of corrections to help them determine their personal beliefs about what prisons...
Key Concepts: Incentives, Opportunity Cost, Profit…
60 mins
Lesson