TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000.
Economic history is an important branch of economics, that can provide significant insights into historical economic phenomena. In this paper, I propose the 1997 compensation of war veterans by the Zimbabwean government (under President Robert Mugabe), as an example that can be used to teach economi...
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Editura Sitech
2024-07-01
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| Series: | Social Sciences and Education Research Review |
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| Online Access: | https://sserr.ro/wp-content/uploads/2024/07/sserr-11-1-74-78.pdf |
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| author | Farai NYIKA |
| author_facet | Farai NYIKA |
| author_sort | Farai NYIKA |
| collection | DOAJ |
| description | Economic history is an important branch of economics, that can provide significant insights into historical economic phenomena. In this paper, I propose the 1997 compensation of war veterans by the Zimbabwean government (under President Robert Mugabe), as an example that can be used to teach economics concepts to undergraduate economics students. As the war veterans had threatened to remove the President from his office through violence, I show the trade-offs that Mugabe had to make, and the constraints he faced when agreeing to pay the funds to the veterans. I present a lesson plan that economics facilitators and lecturers can use with their learners. My example is unique in that it teaches students about making choices under compulsion, while most economics textbooks use examples that show voluntary choices. |
| format | Article |
| id | doaj-art-2bc8baf9b608418a8abd2544f46911b8 |
| institution | OA Journals |
| issn | 2392-9863 |
| language | English |
| publishDate | 2024-07-01 |
| publisher | Editura Sitech |
| record_format | Article |
| series | Social Sciences and Education Research Review |
| spelling | doaj-art-2bc8baf9b608418a8abd2544f46911b82025-08-20T02:18:21ZengEditura SitechSocial Sciences and Education Research Review2392-98632024-07-01111747810.5281/zenodo.15258139TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000.Farai NYIKA0Department of Economics, MANCOSA, Durban, South AfricaEconomic history is an important branch of economics, that can provide significant insights into historical economic phenomena. In this paper, I propose the 1997 compensation of war veterans by the Zimbabwean government (under President Robert Mugabe), as an example that can be used to teach economics concepts to undergraduate economics students. As the war veterans had threatened to remove the President from his office through violence, I show the trade-offs that Mugabe had to make, and the constraints he faced when agreeing to pay the funds to the veterans. I present a lesson plan that economics facilitators and lecturers can use with their learners. My example is unique in that it teaches students about making choices under compulsion, while most economics textbooks use examples that show voluntary choices.https://sserr.ro/wp-content/uploads/2024/07/sserr-11-1-74-78.pdfproduction possibilities curve war veterans scarcity choice zimbabwe robert mugabe economic history teaching economics |
| spellingShingle | Farai NYIKA TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. Social Sciences and Education Research Review production possibilities curve war veterans scarcity choice zimbabwe robert mugabe economic history teaching economics |
| title | TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. |
| title_full | TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. |
| title_fullStr | TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. |
| title_full_unstemmed | TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. |
| title_short | TEACHING ECONOMIC SCARCITY, CHOICE, OPPORTUNITY COST AND RATIONALITY, USING PRESIDENT ROBERT MUGABE'S 1997 DECISION TO PAY WAR VETERANS $50 000. |
| title_sort | teaching economic scarcity choice opportunity cost and rationality using president robert mugabe s 1997 decision to pay war veterans 50 000 |
| topic | production possibilities curve war veterans scarcity choice zimbabwe robert mugabe economic history teaching economics |
| url | https://sserr.ro/wp-content/uploads/2024/07/sserr-11-1-74-78.pdf |
| work_keys_str_mv | AT farainyika teachingeconomicscarcitychoiceopportunitycostandrationalityusingpresidentrobertmugabes1997decisiontopaywarveterans50000 |