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EnhanceTuition
Unemployment rate patterns and trends in unemployment
Consequences of unemployment
Types of unemployment
Full employment and the natural rate of unemployment
Labour productivity
Size and components of the labour force
Characteristics of developed, developing and emerging BRICS economies
Indicators of living standards and economic development
Purchasing power parity and living standards
Purchasing power parity
National debt
GDP GNP GNI
Introduction to national income statistics
Costs and benefits of economic growth
Factors contributing to economic growth
Output gaps
The business (trade) cycle
Actual vs potential economic growth
Economic growth, development and sustainability
Government failure in microeconomic intervention
Wage determination in imperfect markets
Transfer earnings and economic rent
Wage determination in perfect markets
The elasticity of the supply of labour
Shifting the labour supply curve
Firm and industry labour supply curve in a perfectly competitive labour market
Pecuniary and non-pecuniary benefits of labour
Backward bending supply curve of labour for individuals
Elasticity of demand for labour
Marginal revenue product
Shifting the labour demand curve
Factors affecting the demand curve for labour
The Lorenz curve and Gini coefficient
Intergenerational equity
Poverty trap analysis
Proportional and regressive taxes
Negative income tax
Inheritance and capital gains tax
Progressive income tax
Means tested benefits and transfer payments