Slide 1 Slide 2 Getting Started CHAPTER 1 APPENDIX: MAKING AND USING GRAPHS Slide 3 When you have completed your study of this appendix, you will be able to A P P E N D I…
Slide 1THE ECONOMY AT FULL EMPLOYMENT: THE CLASSICAL MODEL 24 CHAPTER Slide 2 Objectives After studying this chapter, you will able to Describe the relationship between the…
Slide 1Next page Chapter 2: The Theory of Individual Labor Supply Slide 2 Jump to first page 1. The Work-Leisure Decision: Basic Model Slide 3 Jump to first page n Individuals…
Slide 1 7 CHAPTER THE ECONOMY AT FULL EMPLOYMENT Slide 2 Objectives After studying this chapter, you will able to Describe the relationship between the quantity of labor…
Slide 1 The Labor Market and Potential GDP –To understand how potential GDP is determined, we study: – The demand for labor – The supply of labor – Labor market equilibrium…
7 CHAPTER THE ECONOMY AT FULL EMPLOYMENT Objectives After studying this chapter, you will able to Describe the relationship between the quantity of labor employed and real…
Slide 1 Utility, Constraints, and Choices (Chapter 2) What people want Constraints Choices Utility: What do people want? Objective: maximize “utility” Imagine your “utility”…
Slide 1 Utility, Constraints, and Choices (Chapter 2) What people want Constraints Choices Utility: What do people want? Objective: maximize “utility” Imagine your “utility”…
Economic Behaviour of Household: Theory of Time Allocation (Gary Becker) Dwini Handayani Two time uses in neoclassical economics: leisure market work (labor) Three time uses…