ESI U2 L05 - Price Controls by jclerch https://padlet.com/jclerch/shbs0wrcahoh en-us 2018-03-24 03:34:27 UTC 2025-04-26 15:41:48 UTC hello@padlet.com jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/264668576 2018-05-31 01:47:12 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/264668576 Reff's Videos jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/264677501 2018-05-31 02:41:12 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/264677501 jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/264748666
  • Explain why governments impose price ceilings, and describe examples of price ceilings, including food price controls and rent controls.
  • Draw a diagram to show a price ceiling and analyze the impacts of a price ceiling on market outcomes.
  • Examine the possible consequences of a price ceiling, including shortages, inefficient resource allocation, welfare impacts, underground parallel markets, and non-price rationing mechanisms.
  • Discuss the consequences of imposing a price ceiling on the stakeholders in a market, including consumers, producers and the government.
  • Explain why governments impose price floors, and describe examples of price floors, including price support for agricultural products, and minimum wages.
  • Draw a diagram of a price floor, and analyze the impacts of a price floor on market outcomes.
  • Examine the possible consequences of a price floor, including surpluses and government measures to dispose of the surpluses, inefficient resource allocation and welfare impacts.
  • Discuss the consequences of imposing a price floor on the stakeholders in a market, including consumers, producers and the government.

    • ]]>     2018-05-31 10:51:43 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/264748666     jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/264860675 2018-05-31 18:10:47 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/264860675 jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/264861065 2018-05-31 18:12:53 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/264861065 jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/266524219 2018-06-11 02:21:22 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/266524219 jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/266525325 2018-06-11 02:33:06 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/266525325 The Value of Work jclerch https://padlet.com/jclerch/shbs0wrcahoh/wish/267268305 This video is very thoughtful and looks at the impact of minimum wage (a form of price control) on both employers and employees. The focal point is Seattle's minimum wage. ]]> 2018-06-14 19:40:49 UTC https://padlet.com/jclerch/shbs0wrcahoh/wish/267268305