PPT-1. How factors of production—resources like land, labor, and both physical and human

2 How the demand for factors leads to the marginal productivity theory of income distribution 3 An understanding of the sources of wage disparities and the role of discrimination 4 The way in which a workers decision about time allocation gives rise to labor supply. MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY SUNDAY 5:00a BOTH GYMS BOTH GYMS BOTH GYMS BOTH GYMS BOTH GYMS EYCC CLOSED EYCC CLOSED 5:30a 6:00a 6:30a 7:00a BOTH GYMS 7:30a 8:00a 8:30a 9:00a NORTH L. . Ljungqvist. and T. J. . Sargent. Presented by Celine . Boulenger. Introduction . This chapter describes basic . nonstochastic. models of sustained economic growth. . We will look at 3 different models: . Knowledge, Human Capital and Endogenous Growth. © . Pierre-Richard Agénor. The World Bank. 2. The Accumulation of Knowledge. Human Capital and Returns to Scale. Human Capital, Public Policy, and Growth. Introduction to Economic Development. . II. THEORIES OF GROWTH AND DEVELOPMENT. See. . Text, Chapter 3. . . (excluding appendices). September 2015. Agenda. Introduction. Stage Theorizing: . Rostow. SCARCITY- The condition that results from society not having enough resources to produce all the things people would like to have.. What comes to mind when you think of something that is scarce?. ECONOMICS- the study of how people try to satisfy unlimited wants through the careful use of relatively scarce resources.. The Fundamentals of Economics. The Fundamentals of Economics. :. Main Idea:. Introduction to . Economics. Notes:. Economics. is the study of how individuals, families, businesses, and societies use limited resources to fulfill their unlimited wants.. SS7E10. GDP. A country’s GROWTH is measured by its . GDP. Gross Domestic Product: Value of all . goods. and . services. produced in a country IN ONE YEAR. What influences economic growth?. There . IARIW, Dresden, Germany. August 26, 2016. Barbara M. . Fraumeni. China Center for Human Capital and Labor Market Research. Central University of Finance and . Economics, Beijing, China. Center for Economics, Finance, and Management Studies, Hunan University, Changsha, China. China: . New . Panel . Data . on China by Provinces 1985-2010. Haizheng. . Li. School of Economics. Georgia Institute of . Technology. Email: . haizheng.li@econ.gatech.edu. Qinyi. . Liu. School of Economics and Trade . The Economic Problem and Efficiency. understand the problem of unlimited wants & finite resources – opportunity cost & scarcity. be able to discuss the main economic resources (land, labour capital, enterprise) and the difference between renewable and non-renewable resources. 11 Markets for Factors of Production. 11.1 The Competitive Labor Market. 11.2 The Supply of Labor: Your . Labor-Leisure . Tradeoff. 11.3 Wage Inequality. 11.4 The Market for Other Factors of . Production. Marxian Economic Theory. Paul . Zarembka. Introduction. We will be demonstrating that capitalism is a system that exploits workers. We will provide a couple of examples of famous socialists you probably don’t realize. Chapter 18: . The Markets for the Factors of Production. Introduction to Microeconomics. Udayan Roy. The Markets for the Factors of Production. Factors of production. are the inputs used to produce goods and services. . Where is Capital Going and Why? – How Traditional . . Macro-Theory Fails at Explaining the Reality. . A. uthor . Keyu. . Jin. Presented by . Jingyun. Cui. . . . Overview – What Is This PowerPoint All About?.