The Economics of Brexit

Social Education, Vol. 81, No. 2, pp. 84-87

Posted: 7 Aug 2017

See all articles by M. Scott Niederjohn

M. Scott Niederjohn

Independent

Ashley Harrison

Center for Economic Education

J. R. Clark

The University of Tennessee at Chattanooga

Date Written: January 12, 2017

Abstract

This essay will consider a number of interesting questions related to the Brexit vote. We will first examine, What is this European Union (EU)-operation that Britain is leaving? Using an economic perspective, Britain’s decision to leave the EU will be evaluated based on its costs and benefits to the UK. The result of the vote (commonly referred to as Brexit) implies that the British people believed the costs of staying in the EU outweighed its benefits. What are these costs and benefits? Considering these current event questions through the lens of economics can help provide valuable insights for students.

Suggested Citation

Niederjohn, M. Scott and Harrison, Ashley and Clark, Jeff R., The Economics of Brexit (January 12, 2017). Social Education, Vol. 81, No. 2, pp. 84-87. Available at SSRN: https://ssrn.com/abstract=3013638

M. Scott Niederjohn

Independent

No Address Available

Ashley Harrison

Center for Economic Education ( email )

TN
United States

Jeff R. Clark (Contact Author)

The University of Tennessee at Chattanooga ( email )

Department of Economics
Suite 313 Fletcher Hall
Chattanooga, TN 37403-2598
United States

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