ECO101 – Government Polices and The Laws of Supply and Demand

This is a college lecture will cover how government policies and the laws of supply and demand shape economies. It moves from theoretical to real-world examples included the gas shortage of 1970’s, minimum wage, and FICA tax. Chapters: 00:00 Start 00:16 Price Control 03:03 Gas Shortage of the 1970's 09:22 Rent Control 13:00 Minimum Wage Policy 19:15 Taxes 23:56 Payrol Tax - FICA I developed this lecture series to assist students who need a little extra help with the material. The lectures topics are based on one of the most popular college economic textbooks (there are 5 versions of the textbook) used in universities around the country and world. Do check out the companion video to this lecture where I show you how to solve economic test questions. As always, this is reference material and students should refer to their own course material and instructors. Finally, I am not a professional video maker and do these from my home. For those who have watched other videos in the series, Brian and the Farmer makes a return.