» Từ khóa: economic principles

In this chapter we examine how wages are determined in competitive markets and imperfectly competitive markets. We look at factors that impact wages, including the influence of unions. We will analyze wage differences with union models including craft unions and industrial unions. We will discuss reasons for wage differentials across jobs and analyze the effects of the minimum wage on the labor market.

 16 p hce 28/04/2016 396 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Wage determination, Competitive labor market

Chapter 16 - Rent, interest, and profit. In this chapter, we will define economic rent and explore the factors that impact its value. Then we will look at the price of money, or interest rates, and how the interest rates are determined using the loanable funds theory. Along with interest rates, we will investigate present and future values of money. Lastly, we will examine the role of profits in the allocation of resources.

 12 p hce 28/04/2016 374 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Economic rent, Loanable funds theory

Chapter 18 - Public finance: Expenditures and taxes. This chapter addresses the main sources of government revenue and categories of government spending. We discuss and summarize the different philosophies regarding the distribution of a nation’s tax burden. We explain the principles relating to tax shifting, tax incidence, and the efficiency losses caused by taxes. It also discusses how the distribution of income between the rich and poor...

 15 p hce 28/04/2016 394 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Public finance, Government finance

This chapter addresses the rising cost of health care in the United States. We will discuss both the economic and noneconomic costs associated with providing health care to the American public. We will end by summarizing the goals of the legislation passed in 2010, the Patient and Affordable Care Act (PPACA).

 15 p hce 28/04/2016 436 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Health care, Health care spending

Chapter 20 - Agriculture: Economics and policy. In this chapter, we start by looking at the economics of agriculture, investigating the elasticity of demand and price trends of agricultural goods. We will then examine reasons that the farming industry has been declining, using supply and demand analysis to explain this as well as the repercussions of the changes in the market. We will also discuss the types and outcomes of government...

 14 p hce 28/04/2016 376 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Economics of agriculture, Economics of farm policy

Chapter COI1 - The United States in the global economy. This chapter presents the following content: International linkages, world trade, rapid trade growth, United States trade, specialization, comparative advantage, exchange rates,...

 20 p hce 28/04/2016 347 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Global economy, World trade

Chapter 19 - Antitrust policy and regulation. In this chapter we will examine the laws that reflect the foundation of antitrust policy in the U.S., along with the application of the antitrust laws by the U.S. courts. We will then look at industrial regulation of natural monopolies, examining the case for and against industrial regulation as well as the results of deregulation. Lastly, we will look at social regulation and how it differs from...

 12 p hce 28/04/2016 375 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Antitrust policy, Antitrust Laws

This chapter describes the extent of legal and illegal immigration into the United States. We discuss why economists view economic immigration as personal human capital investment. We also attempt to explain how immigration affects average wages, resource allocation, domestic output, and group income shares. We relate how illegal immigration affects employment and discuss its impacts on state and local government budgets.

 15 p hce 28/04/2016 374 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Number of immigrants, Illegal immigrants

Chapter 21 - Income inequality, poverty and discrimination. In this chapter we will explore income inequality and actions that can be taken by government to try to correct income inequality, using the Lorenz curve and Gini ratio to help with this evaluation. We will then define poverty and look at how it affects different groups. We will also discuss government programs to aid families in poverty. Lastly we analyze discrimination and how...

 18 p hce 28/04/2016 442 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Income inequality, Income mobility

In this chapter we will begin by distinguishing between industrially advanced countries and developing countries. We will look at the differences in incomes and GDP and the impact of poverty on humanity. Developing countries often face large obstacles to growth, so we will investigate these obstacles. Lastly we will discuss the role of government in the developing countries’ economies as well as the role of the industrially advanced economies.

 15 p hce 28/04/2016 469 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Industrially advanced countries, Obstacles to development

Chapter 24 - International trade. In this chapter we will take a look at some key facts about international trade and then start evaluating international trade using comparative advantage. We will also use demand and supply curves to explain how countries determine which goods they will import, which goods they will export, and the price that is charged for these goods. Lastly we will look at trade barriers and how they impact the outcomes...

 21 p hce 28/04/2016 411 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, International trade, Comparative advantage

This chapter takes a look at a country’s balance of payments, which essentially records all transactions that take place between one country and all the others. In this discussion, we will investigate how official reserves are used to ensure that the balance of payments does balance. Then we will look at how exchange rates are determined and different types of exchange rate systems. Lastly, we will learn about U.S. trade deficits and...

 14 p hce 28/04/2016 1435 2 Download

Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, Balance of payments, Exchange rates