New search

Robert J. Werner
Professor
rjwerner@stthomas.edu
Geography Department
University of St. Thomas
Hyperinflation: What Zimbabwe Can Teach Us

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.