88%
Course Average
10/14
Assignments Done
4/6
Experiments Done
Interactive: Supply & Demand -- Minneapolis Housing Market
Drag the curves to see how price and quantity change at equilibrium
S
D
P* = $425K
Q* = 247
Q* = 247
Question: If the Minneapolis City Council approves 500 new housing permits (increasing supply), what happens to the equilibrium price and quantity? Shift the supply curve right and observe the new equilibrium.
Current Experiment
Interactive economic simulations
Experiment 5: Price Elasticity of Housing Demand
Adjust the variables below to see how changes in price affect the quantity demanded for Minneapolis rental apartments. Compare elastic vs inelastic demand curves.
Experiments count for 15% of your grade. 4 of 6 completed.
News Analysis
Apply economic concepts to real-world articles
Apr 18, 2026
Minneapolis approves 500 new housing permits -- largest batch in a decade
The City Council voted 9-4 to approve permits for 500 new housing units across 12 projects, primarily in the Uptown and North Loop neighborhoods...
Supply & Demand
Apr 15, 2026
Federal Reserve holds rates steady -- what it means for mortgage borrowers
The Fed maintained the federal funds rate at 4.25-4.50%, signaling possible cuts later this year. Minneapolis mortgage rates remain around 6.5%...
Monetary Policy
Apr 12, 2026
Minnesota minimum wage rises to $16.50 -- impact on small businesses
The latest increase affects an estimated 420,000 workers statewide. Economists debate the impact on employment and price levels...
Labor Markets
Apr 8, 2026
AI replacing entry-level jobs faster than predicted -- new BLS data
Bureau of Labor Statistics reports that AI adoption has accelerated displacement in administrative, customer service, and data entry roles...
Technology & Labor
All Assignments
14 total
Ch 8: Supply, Demand & Housing Markets
News Analysis: Housing Permits Article
Ch 7: Elasticity & Revenue
92%
92%Ch 6: Government Policies (Price Controls)
85%
85%News Analysis: Minimum Wage Article
90%
90%Ch 5: Market Equilibrium
88%
88%