TAILIEUCHUNG - Lecture Managerial economics: Chapter 17 - Dr. Hasnain Naqvi

Chapter 17 - Labour and capital market. After studying this chapter, you will able to Explain how firms choose the quantities of labor, capital, and natural resources to employ; explain how people choose the quantities of labor, capital, and natural resources to supply; explain how wages, interest, and natural resource prices are determined in competitive resource markets; explain the concept of economic rent and distinguish between economic rent and opportunity cost. | Labour and Capital Market Objectives After studying this chapter, you will able to Explain how firms choose the quantities of labor, capital, and natural resources to employ Explain how people choose the quantities of labor, capital, and natural resources to supply Explain how wages, interest, and natural resource prices are determined in competitive resource markets Explain the concept of economic rent and distinguish between economic rent and opportunity cost Many Happy Returns Some people make very happy returns, like Katie Couric’s $16 million a year. Why aren’t all jobs well paid? What determines wage rates? What determines the returns to other factors of production? Before you jump into the content of this chapter, provide your students with some context and perspective. 1. Go back to Chapter 1 and the big questions of microeconomics. Point out that the course so far has addressed the first two big questions, “What?” and “How?,” and that you’re now going to .

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Economic principles
• Kinh tế học quản lý
• Fundamentals of managerial economics
• Capital market
• Labour market
• Market interactions
• Marginal analysis
• Marginal benefit
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production