7.2
ECO 120
Module 7 Part 2
Survey of Economics

Government Influences on Markets

Review/Preview of
Learning Objectives

Class Activities

Checkpoint Summary

Your Homework

Love for Econ...

Review/Preview of
Learning Objectives

Preview

Master these learning goals.

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

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

Class
Activities

Read your text. Complete your study guide.

7.3 Explain how a price floor works and show how the minimum wage creates unemployment, inefficiency, and unfairness.
Slides number 61 through 76 deal with Course Objective 7.3 .

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

Checkpoint
Summary

Textbook page 195 summarizes key points about Government Influences on Markets.

Your
Homework

Complete all portions of the textbook and study guide relating to Checkpoint 7.3 and 7.4 on Government Influences on Markets.

Take the optional post-study bonus point quizzes on Government Influences on Markets on Saturday following Module 7.

Take the optional pre-study bonus point quizzes on GDP and the Standard of Living on Sunday preceding Module 8.

Then read and study GDP and the Standard of Living course objective 13.1 and 13.2 in your textbook and study guide
before attending the next class session.

Love for Econ
Springs Eternal !

Take a virtual internet trip through Patrick Henry Community College economics to visit the following Internet site:

Fisher College Mission

To achieve excellence in teaching, research, and service through innovative programs that enhance the effectiveness of business.

http://www.cob.ohio-state.edu/dept/fin/osudata.htm

Love for econ springs eternal !