'Equilibrium wage' presentation slideshows

VI. Competing technologies

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THE MARKET FORCES OF DEMAND AND SUPPLY

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Labour Markets

Labour Markets. Year 10 IGCSE. What factors affect an individuals supply of labour?. An individuals supply of labour refer to the number of hours an individual is willing to work at a given wage rate. It is determined by wages and non-wage factors. S. Individual Supply of Labour. Wage rate.

1.46k views • 42 slides

6 THE ECONOMICS OF LABOR MARKETS

6 THE ECONOMICS OF LABOR MARKETS. 18. The Markets for the Factors of Production. The Markets for the Factors of Production. Factors of production are the inputs used to produce goods and services Examples: labor, land, and capital (machines, tools, factory buildings).

937 views • 38 slides

The Role of Labor

The Role of Labor. Chapter 9: The Role of Labor. KEY CONCEPT Labor, the human effort used to produce goods and services, is subject to the same forces of demand and supply that govern the rest of the economy. WHY THE CONCEPT MATTERS

502 views • 37 slides

neoclassical macroeconomics

neoclassical macroeconomics. Full employment and the self-adjusting macroeconomy. neoclassical macro. Assume to begin with, a pure market economy with no government and no foreign trade. We will also assume that labor demand is wage-elastic, but we can worry about that later.

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The Labour Market

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Labor Market Trends

Labor Market Trends. Objective: How do economists define the labor force? What occupational trends exist in the U.S. economy? What are the current trends in wages and benefits?. *Be sure to leave a couple blank lines under each question and answer the questions at the end of the lesson.

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Labor, wages, and organized labor

Chapter 9 Sections 2 &3. Labor, wages, and organized labor. Productivity: value of output Chef is paid $15 hr, but able to generate $20 hr in revenue. Will his productivity be desired by other restaurants?. Supply and Demand for Labor. What will happen to the wages of chefs?.

453 views • 25 slides

Labor Market Trends

Labor Market Trends. How do economists define the labor force? What occupational trends exist in the U.S. economy? What is temporary employment? What are the current trends in wages and benefits?. Employment

565 views • 23 slides

Labor Market Trends

Labor Market Trends. How do economists define the labor force? What occupational trends exist in the U.S. economy? What is temporary employment? What are the current trends in wages and benefits?. Employment

465 views • 23 slides

WAGES in labor

WAGES in labor. Wages. The price of labor Payments workers receive in return for work Governed by the forces of supply & demand. http://www.classzone.com/cz/books/econ_cnc/resources/htmls/animated_economics/ec09_anim_labor.html. Hourly wage (in dollars). Number of workers.

364 views • 23 slides

Wrapping

UP. Wrapping. Insurance. Moral Hazard. Demand. With health insurance, the amount of expenditures may depend on whether you have insurance. Suppose that probability of illness is 0.5. Suppose demand for care (if sick) is P 1 Q 1 . Actuarially fair policy would cost 0.5* P 1 Q 1. Price.

338 views • 21 slides

Wrapping

UP. Wrapping. Insurance. Moral Hazard. Demand. With health insurance, the amount of expenditures may depend on whether you have insurance. Suppose that probability of illness is 0.5. Suppose demand for care (if sick) is P 1 Q 1 . Actuarially fair policy would cost 0.5* P 1 Q 1. Price.

214 views • 21 slides

Compensating Wage Differentials

Compensating Wage Differentials. We know different people get paid different wages. In this section we focus on the differences in the JOBS that lead to differences in pay. Later we look at differences in people.

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Economics 211

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