Abstract
The Iran Deal’ ended long standing sanctions levied against Iran by the United States, European Union and United Nations in 2015 for dismantling its nuclear program. This paper presents an approach to teaching economic models of sanctions, and applies it in the context of lifting Iranian sanctions. We start with a simple production possibilities frontier approach to analyzing sanctions, followed by welfare analysis of import and export restrictions on US and Iranian economies. The paper provides a presentation and links to useful resources that can be used by instructors teaching undergraduate courses in introductory economics, intermediate microeconomics and international economics.
Recommended Citation
(2026)
"Presenting Economic Sanctions in the Classroom: The Case of Iran,"
Journal of Economics and Finance Education: Vol. 16:
Iss.
1, Article 2.
Available at:
https://scholarship.rollins.edu/jefe/vol16/iss1/2
