Extreme Pricing Goes Viral: Lessons for Teaching Price Controls
All price controls in competitive markets create unintended consequences.
Price controls are a popular topic among students. However, the effects of implementing price controls are not as straightforward as students typically expect, especially the unintended consequences that students tend to overlook. This paper provides three teaching guides designed to teach price controls which can be easily implemented in an introductory-level economics course. We build on the work of Geerling et al. (2023c) by using short-form viral videos from popular platforms such as YouTube and TikTok, which match the streaming and content medium of choice for Gen Z. The use of celebrities and social media influencers make abstract teaching moments more relatable to students. As such, this paper offers a unique opportunity for creatively teaching economics to a new generation of students.
Read the Full Paper
This paper was originally published by the Journal for Economic Educators
Economic Dynamism
Defending Technological Dynamism & the Freedom to Innovate in the Age of AI
Human flourishing, economic growth, and geopolitical resilience requires innovation—especially in artificial intelligence.
Partisan Trust in the Federal Reserve
This paper examines partisanship in public perceptions of the Federal Reserve.
It’s Not Easy, but We Can All Learn to Think like Adam Smith
To truly understand what a dynamic economy requires, we would do well to recover the 18th-century sensibility that understood dynamism as a social and cultural phenomenon as much as an economic one.
Locked Out of the Dream: Regulation Making Homes Unaffordable Around the World
The first in a two-part series on the global housing crisis.
.webp)
.webp)
Adventures Among the Abundanauts
Can the Abundance theorists overcome an anti-growth, bureaucratic-driven Left?
.webp)
The Supreme Court Will Review New Waves of Litigation against the Oil Industry
The Chevron case asks whether multi-billion-dollar land-loss cases against U.S. energy majors, stemming from drilling activities that date back to World War II, belong in state or federal court.
