'Marginal productivity' diaporamas de présentation

Financial Institutions and Markets

Financial Institutions and Markets. Money and interest rates. Outline of contents. A recap of topic 04 Defining money Measuring the amount of money that exists Commercial banks and money creation What are interest rates? The loanable funds theory of interest rate determination

1.27k views • 96 slides

Africa and the Perversities of International Capital Flows

Africa and the Perversities of International Capital Flows. By Howard Stein Professor, DAAS University of Michigan howstein@umich.edu. Introduction.

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Chapter 3

920 views • 76 slides

Economics for Democratic Socialism

Economics for Democratic Socialism. Drexel University Spring Quarter 2009. Allocation of Resources. Socialists are humanists and rationalists, and agree that production should be rationally directed to improve the conditions of human life.

645 views • 53 slides

Economics for Democratic Socialism

Economics for Democratic Socialism. Drexel University Spring Quarter 2009. Allocation of Resources. Socialists are humanists and rationalists, and agree that production should be rationally directed to improve the conditions of human life.

671 views • 53 slides

Chapter 4

Chapter 4. Consumption, Saving, and Investment. Chapter 3. Full employment happens when labor market is in equilibrium. (natural rate of unemployment) Full-employment output: potential output with a clearing labor market.

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The Transformation of Medical Care to Health

The Transformation of Medical Care to Health. Lecture 3 Asst. Prof. Dr. İlker Daştan HEALTH ECONOMICS. Marginal and average productivity. We are moving on from the lifestyle effect Production function for health The characteristics of medical care as an input Uncertainty of outcomes

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The Supply and Demand for Productive Resources

The Supply and Demand for Productive Resources. Two classes of productive resources: Non-human resources : Physical capital Land Natural resources Human resources : (Human capital) Composed of the skills, knowledge, and experience of workers. The Circular Flow of Goods and Services.

685 views • 34 slides

Unit 5: The Resource Market

Unit 5: The Resource Market. 1. Review. Give an example of Derived Demand. Define MRP. Explain the difference between MRP and MR. Why does the MRP fall as more workers are hired? Identify the two ways to calculate MRP. Define MRC. Explain the difference between MRC and MC.

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Labour and Wages

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Wrapping up supply

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Chapter 8

Chapter 8. Chapter 8 Economic Integration, Labour Markets and Migration. Why Labour Markets Matter. Economic and Labour Market Integration encourages labour market flexibility Social Protection results in labour market rigidities Labour migration is another form of integration.

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Production Function

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Production Function

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Harrod-Domar Model of Economic Growth

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MODULE 37 (73) Theories of Income Distribution

MODULE 37 (73) Theories of Income Distribution. Labor market applications of the marginal productivity theory of income distribution Sources of wage disparities and the role of discrimination. The Marginal Productivity Theory of Income Distribution.

1.34k views • 15 slides

Who pays for health insurance?

Who pays for health insurance?. It is important to relate health insurance benefits to the wage rate that workers are paid. The simplest way is to examine the supply and demand for labor, in the absence of insurance, and then institute health insurance and see what happens. Who pays?. S.

315 views • 13 slides

Production, Information Costs, and Economic Organization

Production, Information Costs, and Economic Organization. Armen Alchian and Harold Demsetz (1972) American Economic Review Presented by Daniela Pedraza Novak. Two important problems.

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Comparative Statics: Neoclassical Model

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The Oil Import Premium

The Oil Import Premium. -imported oil costs US society more than the market price. Two Main Components. Demand Component: effect of changes in import demand on the world price of oil Direct Cost: The last barrel demanded will increase the price of all the previously demanded barrels.

200 views • 8 slides