Unit 9: Violent Intervention
Unit 9 introduces the idea of violent intervention in the market. Whereas all participants in voluntary exchanges expect to benefit from them, with violent intervention, there must be harm for someone involved. We discuss the different types of violent intervention in market operation and the expected consequences of some of the most common examples, such as price controls, subsidies, and stimulation of economic growth.
Completing this unit should take you approximately 2.5 hours.
9.1: Voluntary and Coercive Interactions Lecture
9.2: Voluntary and Coercive Interactions Discussion
9.3: Voluntary and Coercive Interactions Review