3.3. Economic Shocks

Try these first

1. 1.

   What are economic shocks?

   Hint

   Think about natural disasters or crises.

2. 2.

   What does vulnerability mean?

   Hint

   What's your ability to withstand negative events?

3. 3.

   What are economic shocks?

   • Predictable changes
   • Unexpected events
   • Natural cycles

   Hint

   Consider what happens without warning.

4. 4.

   True or False: Longer-term political stability can decrease community vulnerability.

   • True
   • False

   Hint

   Think about how consistent governance affects coping.

5. 5.

   Analyze the relationship between economic shocks and social capital in a case study of a community during a recession. What strategies might they use to cope?

   Hint

   Consider instances where communities band together during crises.

6. 6.

   Evaluate how different types of capital influence vulnerability and resilience among different socioeconomic groups during economic shocks.

   Hint

   Examine how resource wealth affects responses to economic events.