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Price Controls Subsidies And The Risks Of Good Intentions Crash Course Economics

So, during times of inflation or deflation, why doesn't the government just set prices? It sounds reasonable, but price ceilings or floors just don't work. Adriene ...

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In this video I explain what happens when the government controls market prices. Price ceilings are a legal maximum price and price floors are a minimum legal ...

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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a ...

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Adriene and Jacob teach you all about markets. So, in free market(ish) economies like the United States and most of the world, markets are a big deal. Markets ...

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Today we wrap up our discussion of the media by talking about how the government interacts with and influences the content we see. Now it may be easy to ...

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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling ...

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If price controls have negative consequences, why do governments enact them? Let's revisit our example of President Nixon's wage and price controls in the ...

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Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts ...

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Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real ...

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Today, we're going to wrap up our discussion of economic policy by looking at government regulation. We're going to talk about the government's goals for the ...

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What happens when the prices of all goods are controlled? Under communism, or a command economy, this is exactly what occurs. As a result, all of the effects ...

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Rent controls are a type of price ceiling. We'll use our diagram to show how rent controls create shortages by reducing the supply of apartments available on the ...

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Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so ...

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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is ...

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Subsidies

calendar2015-01-28
What is a subsidy? A subsidy is really just a negative or reverse tax. Instead of collecting money in the form of a tax, the government gives money to consumer or ...

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I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section ...

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This lesson covers price controls. Governments can sometimes improve market outcomes by setting a price ceiling below the equilibrium price. In theory a price ...

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Let's step through some details on how one kind of regulation can reduce economic efficiency Watch the next lesson: ...

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We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that ...

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Wage Subsidies

calendar2015-02-03
What's the difference between a wage subsidy and a minimum wage? What is the cost of a wage subsidy to taxpayers? We take a look at the earned income tax ...

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