TAILIEUCHUNG - Lecture Microeconomics: Theory and applications (12/e): Chapter 17 - Browning, Zupan

Chapter 17 - Wages, rent, interest, and profit. In this chapter students will be able to: Investigate a worker's decision concerning how many work hours to supply, examine the income and substitution effects of a higher wage rate and whether the net result of a wage increase involves a worker supplying more work hours, analyze the general level of wage rates and why wages differ among jobs,. | MICROECONOMICS: Theory & Applications By Edgar K. Browning & Mark A. Zupan John Wiley & Sons, Inc. 12th Edition, Copyright 2015 Chapter 17: Wages, Rent. Interest, and Profit Prepared by Dr. Della Lee Sue, Marist College Learning Objectives Investigate a worker's decision concerning how many work hours to supply. Examine the income and substitution effects of a higher wage rate and whether the net result of a wage increase involves a worker supplying more work hours. Analyze the general level of wage rates and why wages differ among jobs. Explain why wage rates differ among jobs. Define what economists mean by the term rent. (continued) Learning Objectives (continued) Explore selling or monopoly power in intake markets and show how unions attempt to exercise such power in labor markets. Explain how the interest rate is determined through the interplay of the supply of and demand of capital. Investigate investment and the marginal productivity of capital. (continued) Learning .

• Kinh tế học
• Microeconomics theory
• Microeconomics applications
• Lecture Microeconomics
• Kinh tế vĩ mô
• Leisure choice
• Wage rates
• Scope of microeconomic theory
• Normative analyses
• Consumer choice
• Theory of consumer choice
• Consumer choice theory
• Excise subsidies
• Game theory
• Economics of information
• Demand curves
• Supply curves
• Consumption choices
• Substitution effects
• Economic efficiency
• Competitive equilibrium
• Relating output to inputs
• Empirical estimation
• Cost of production
• Shortrun cost
• Profit maximization
• Perfectly competitive markets
• Competitive model
• Excise taxation
• Monopolist’s demand
• Marginal revenue curves
• Product pricing
• Monopoly power