Course Objectives

 

 1.   Explain how taxes change prices and quantities, are shared by buyers and sellers, and create inefficiency.

 2.   Explain how a rent ceiling works and show how a rent ceiling creates a housing shortage, inefficiency, and unfairness. 

 3.   Explain how a price floor works and show how the minimum wage creates unemployment, inefficiency, and unfairness.

 4.  Explain how a price support in the market for an agricultural product creates a surplus, inefficiency, and unfairness.

 

 

"Love for Econ springs eternal!"