Decision Making
The case begins by outlining the problems of the Latin American Debt Crisis of the 1980s. The student, adopting the role of the president of a fictional Latin American nation during the crisis, must analyse the situation in several other countries as part of a defined decision-making process. The two-fold aims of the case are to familiarise the students with South America’s “Lost Decade”, as well as demonstrate the steps involved in making informed, well-reasoned decisions by avoiding typical...
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The case begins by outlining the problems of the Latin American Debt Crisis of the 1980s. The student, adopting the role of the president of a fictional Latin American nation during the crisis, must analyse the situation in several other countries as part of a defined decision-making process. The two-fold aims of the case are to familiarise the students with South America’s “Lost Decade”, as well as demonstrate the steps involved in making informed, well-reasoned decisions by avoiding typical biases that affect decision making.
The case includes a narrated animation explaining the causes of the Latin American Debt Crisis and an interactive stakeholder map. The situation in Latin America is explained for several countries, making this case suitable also for teaching about the crisis generally. The decision making aspect highlights common cognitive biases that can lead to poorer decisions.
Material Type:
Case Study
Technical Format:
HTML/Text
Date Added to MERLOT:
July 17, 2012
Date Modified in MERLOT:
July 17, 2012
Submitter:
Martin
Rodriguez
Keywords:
Decision Making,
Decision Making Process
Details
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About
Primary Audience:
College General Ed,
College Lower Division,
College Upper Division,
Graduate School,
Professional
Mobile Compatibility:
Not specified at this time
Technical Requirements:
Language:
English
Cost Involved:
no
Source Code Available:
unsure
Accessibility Information Available:
unsure
Copyright:
yes
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