Grade 9-12
,
On-Demand Webinar

Economics of War Series: Do Terrorists Follow the Laws?

Time: 60 mins,
Presenter: Jeremy Miller

Objective

Teachers will be able to:

  • Show how market prices are derived in free market trade.
  • Show how people make choices based on market conditions and available alternatives.

This video is available to view for EconEdLink members only.

Description

This webinar will use the example of insurgent weapons procurement during the war in Iraq to illustrate the choices that people, including insurgents, make in the face of economic scarcity and alternative options. The lesson includes a hands-on trade activity to show students how market prices tend to be set based on free market trade conditions. Join this webinar if you are interested in learning about the impact of prices in the unique environment of modern warfare and to get an activity that gets students interacting with each other to create a market for copper.