INTERNET RESOURCES:
Chapter 3: The Supply and Demand Model

Web assignments:

1. Rent Control
2. U.S. Dry Edible Bean Briefing Room
3. Iowa Electronic Markets

Web materials related to topics discussed in Chapter 3

Financial market information

This page contains links to a variety of financial market information.

 

The Great Toilet Paper Shortage

A page that describes the toilet paper shortage created as a result of an opening monologue by Johnny Carson during a Tonight Show episode. This provides a somewhat humorous example of the role of expectations on demand.

 

U.S. Department of Labor minimum wage page

This page contains information about the history of the minimum wage, the current requirements, and graphs and tables displaying the changes in the minimum wage over time.

 

Alternative views on the economic effects of the minimum wage may be found at:

• "The Folly of Increasing the Minimum Wage" by Mark Wilson (Heritage Foundation)
• "Key Facts About the Minimum Wage," AFL-CIO
• "Who Wins With a Higher Minimum Wage?" Mishel, Bernstein, and Rasell (Economic Policy Institute)

This is an example of a dispute involving both positive and mormative economic issues. In examining these pages, try to distinguish between the positive and normative arguments.

Related resources:

Other economic resources

This page contains a set of links to economic resources that may be of interest to introductory economics students.