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
The Causal Effect of News on Inflation Expectations
This paper studies the response of household inflation expectations to television news coverage of inflation.
.avif)
The Rise of Inflation Targeting
This paper discusses the interactions between politics and economic ideas leading to the adoption of inflation targeting in the United States.
.jpg)
.jpg)
The Revenge of the Supply-Siders
Trump would do well to heed his supply-side advisers again and avoid the populist Keynesian shortcuts of stimulus checks or easy money.
U.S. Can’t Cave to Europe’s Anti-Growth Agenda
One does not have to support protectionist tariffs or protracted trade wars to see why Washington needs to continue using trade to pressure Eurocrats to give up micromanaging tech platforms and supply chains around the world.
