Introduction to Labor and Financial Markets labor and financial markets articles – Principles of Economics
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Introduction to Labor and Financial Markets labor and financial markets articles – Principles of Economics
When we think about demand and supply curves in goods and services markets, it is easy to picture who the demanders and suppliers are: businesses produce the products and households buy them. Who are the demanders and suppliers in labor and financial service markets? In labor markets job seekers are the suppliers of labor, while firms and other employers who hire labor are the demanders for labor. In financial markets, any individual or firm who saves contributes to the supply of money, and any who borrows contributes to the demand for money. Introduction to Choice in a World of Scarcity 2.1 How Individuals Make Choices Based on Their Budget Constraint 2.2 The Production Possibilities Frontier and Social Choices 2.3 Confronting Objections to the Economic Approach Chapter 3. Demand and Supply Introduction to Poverty and Economic Inequality 14.1 Drawing the Poverty Line 14.2 The Poverty Trap 14.3 The Safety Net 14.4 Income Inequality: Measurement and Causes 14.5 Government Policies to Reduce Income Inequality Chapter 15. Issues in Labor Markets: Unions, Discrimination, Immigration Introduction to Monopoly and Antitrust Policy 11.1 Corporate Mergers 11.2 Regulating Anticompetitive Behavior 11.3 Regulating Natural Monopolies 11.4 The Great Deregulation Experiment Chapter 12. Environmental Protection and Negative Externalities As a college student, you most likely participate in both labor and financial markets. Employment is a fact of life for most college students: In 2011, says the BLS, 52% of undergraduates worked part time and another 20% worked full time. Most college students are also heavily involved in financial markets, primarily as borrowers. Among full-time students, about half take out a loan to help finance their education each year, and those loans average about $6,000 per year. Many students also borrow for other expenses, like purchasing a car. As this chapter will illustrate, we can analyze labor markets and financial markets with the same tools we use to analyze demand and supply in the goods markets. Introduction to Exchange Rates and International Capital Flows 29.1 How the Foreign Exchange Market Works 29.2 Demand and Supply Shifts in Foreign Exchange Markets 29.3 Macroeconomic Effects of Exchange Rates 29.4 Exchange Rate Policies Chapter 30. Government Budgets and Fiscal Policy Introduction to Elasticity 5.1 Price Elasticity of Demand and Price Elasticity of Supply 5.2 Polar Cases of Elasticity and Constant Elasticity 5.3 Elasticity and Pricing 5.4 Elasticity in Areas Other Than Price Chapter 6. Consumer Choices Introduction to the Neoclassical Perspective 26.1 The Building Blocks of Neoclassical Analysis 26.2 The Policy Implications of the Neoclassical Perspective 26.3 Balancing Keynesian and Neoclassical Models Chapter 27. Money and Banking Introduction to International Trade 33.1 Absolute and Comparative Advantage 33.2 What Happens When a Country Has an Absolute Advantage in All Goods 33.3 Intra-industry Trade between Similar Economies 33.4 The Benefits of Reducing Barriers to International Trade Chapter 34. Globalization and Protectionism The Census Bureau reports that as of 2013, 20% of the U.S. population was over 60 years old, which means that almost 63 million people are reaching an age when they will need increased medical care. Skip to content Toggle Menu Home Read Sign in Search in book: Search Contents Preface Chapter 1. Welcome to Economics! Introduction to Economic Growth 20.1 The Relatively Recent Arrival of Economic Growth 20.2 Labor Productivity and Economic Growth 20.3 Components of Economic Growth 20.4 Economic Convergence Chapter 21. Unemployment Introduction to a Monopoly 9.1 How Monopolies Form: Barriers to Entry 9.2 How a Profit-Maximizing Monopoly Chooses Output and Price Chapter 10. Monopolistic Competition and Oligopoly Introduction to Monetary Policy and Bank Regulation 28.1 The Federal Reserve Banking System and Central Banks 28.2 Bank Regulation 28.3 How a Central Bank Executes Monetary Policy 28.4 Monetary Policy and Economic Outcomes 28.5 Pitfalls for Monetary Policy Chapter 29. Exchange Rates and International Capital Flows Introduction to the Aggregate Demand/Aggregate Supply Model 24.1 Macroeconomic Perspectives on Demand and Supply 24.2 Building a Model of Aggregate Demand and Aggregate Supply 24.3 Shifts in Aggregate Supply 24.4 Shifts in Aggregate Demand 24.5 How the AD/AS Model Incorporates Growth, Unemployment, and Inflation 24.6 Keynes’ Law and Say’s Law in the AD/AS Model Chapter 25. The Keynesian Perspective Introduction to the Impacts of Government Borrowing 31.1 How Government Borrowing Affects Investment and the Trade Balance 31.2 Fiscal Policy, Investment, and Economic Growth 31.3 How Government Borrowing Affects Private Saving 31.4 Fiscal Policy and the Trade Balance Chapter 32. Macroeconomic Policy Around the World Introduction to Macroeconomic Policy around the World 32.1 The Diversity of Countries and Economies across the World 32.2 Improving Countries’ Standards of Living 32.3 Causes of Unemployment around the World 32.4 Causes of Inflation in Various Countries and Regions 32.5 Balance of Trade Concerns Chapter 33. International Trade Introduction to Positive Externalities and Public Goods 13.1 Why the Private Sector Under Invests in Innovation 13.2 How Governments Can Encourage Innovation 13.3 Public Goods Chapter 14. Poverty and Economic Inequality Introduction to Monopolistic Competition and Oligopoly 10.1 Monopolistic Competition 10.2 Oligopoly Chapter 11. Monopoly and Antitrust Policy According to the Bureau of Labor Statistics, registered nursing jobs are expected to increase by 19% between 2012 and 2022. The median annual wage of $67,930 is also expected to increase. The BLS forecasts that 526,000 new nurses will be needed by 2022. One concern is the low rate of enrollment in nursing programs to help meet the growing demand. According to the American Association of Colleges of Nursing , enrollment in 2011 increased by only 5.1% due to a shortage of nursing educators and teaching facilities. Introduction to Consumer Choices 6.1 Consumption Choices 6.2 How Changes in Income and Prices Affect Consumption Choices 6.3 Labor-Leisure Choices 6.4 Intertemporal Choices in Financial Capital Markets Chapter 7. Cost and Industry Structure Introduction to Perfect Competition 8.1 Perfect Competition and Why It Matters 8.2 How Perfectly Competitive Firms Make Output Decisions 8.3 Entry and Exit Decisions in the Long Run 8.4 Efficiency in Perfectly Competitive Markets Chapter 9. Monopoly Principles of Economics by Rice University is licensed under a Creative Commons Attribution 4.0 International License , except where otherwise noted. Introduction to Labor and Financial Markets These data tell us, as economists, that the market for healthcare professionals, and nurses in particular, will face several challenges. Our study of supply and demand will help us to analyze what might happen in the labor market for nursing and other healthcare professionals, as discussed in the second half of this case at the end of the chapter. labor and financial markets articles Introduction to Government Budgets and Fiscal Policy 30.1 Government Spending 30.2 Taxation 30.3 Federal Deficits and the National Debt 30.4 Using Fiscal Policy to Fight Recession, Unemployment, and Inflation 30.5 Automatic Stabilizers 30.6 Practical Problems with Discretionary Fiscal Policy 30.7 The Question of a Balanced Budget Chapter 31. The Impacts of Government Borrowing The theories of supply and demand do not apply just to markets for goods. They apply to any market, even markets for labor and financial services. Labor markets are markets for employees or jobs. Financial services markets are markets for saving or borrowing.
Introduction to the International Trade and Capital Flows 23.1 Measuring Trade Balances 23.2 Trade Balances in Historical and International Context 23.3 Trade Balances and Flows of Financial Capital 23.4 The National Saving and Investment Identity 23.5 The Pros and Cons of Trade Deficits and Surpluses 23.6 The Difference between Level of Trade and the Trade Balance Chapter 24. The Aggregate Demand/Aggregate Supply Model Introduction to Public Economy 18.1 Voter Participation and Costs of Elections 18.2 Special Interest Politics 18.3 Flaws in the Democratic System of Government Chapter 19. The Macroeconomic Perspective Introduction to Labor and Financial Markets 4.1 Demand and Supply at Work in Labor Markets 4.2 Demand and Supply in Financial Markets 4.3 The Market System as an Efficient Mechanism for Information Chapter 5. Elasticity Introduction to Inflation 22.1 Tracking Inflation 22.2 How Changes in the Cost of Living are Measured 22.3 How the U.S. and Other Countries Experience Inflation 22.4 The Confusion Over Inflation 22.5 Indexing and Its Limitations Chapter 23. The International Trade and Capital Flows Introduction to Labor and Financial Markets labor and financial markets articles – Principles of Economics
Introduction to Labor and Financial Markets labor and financial markets articles – Principles of Economics
Introduction to Demand and Supply 3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services 3.2 Shifts in Demand and Supply for Goods and Services 3.3 Changes in Equilibrium Price and Quantity: The Four-Step Process 3.4 Price Ceilings and Price Floors 3.5 Demand, Supply, and Efficiency Chapter 4. Labor and Financial Markets Introduction to Globalization and Protectionism 34.1 Protectionism: An Indirect Subsidy from Consumers to Producers 34.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions 34.3 Arguments in Support of Restricting Imports 34.4 How Trade Policy Is Enacted: Globally, Regionally, and Nationally 34.5 The Tradeoffs of Trade Policy Appendix A: The Use of Mathematics in Principles of Economics Appendix B: Indifference Curves Appendix C: Present Discounted Value Appendix D: The Expenditure-Output Model Principles of Economics Chapter 4. Labor and Financial Markets Introduction to Money and Banking 27.1 Defining Money by Its Functions 27.2 Measuring Money: Currency, M1, and M2 27.3 The Role of Banks 27.4 How Banks Create Money Chapter 28. Monetary Policy and Bank Regulation Introduction 1.1 What Is Economics, and Why Is It Important? 1.2 Microeconomics and Macroeconomics 1.3 How Economists Use Theories and Models to Understand Economic Issues 1.4 How Economies Can Be Organized: An Overview of Economic Systems Chapter 2. Choice in a World of Scarcity Introduction to the Macroeconomic Perspective 19.1 Measuring the Size of the Economy: Gross Domestic Product 19.2 Adjusting Nominal Values to Real Values 19.3 Tracking Real GDP over Time 19.4 Comparing GDP among Countries 19.5 How Well GDP Measures the Well-Being of Society Chapter 20. Economic Growth Introduction to Issues in Labor Markets: Unions, Discrimination, Immigration 15.1 Unions 15.2 Employment Discrimination 15.3 Immigration Chapter 16. Information, Risk, and Insurance Introduction to the Keynesian Perspective 25.1 Aggregate Demand in Keynesian Analysis 25.2 The Building Blocks of Keynesian Analysis 25.3 The Phillips Curve 25.4 The Keynesian Perspective on Market Forces Chapter 26. The Neoclassical Perspective Introduction to Information, Risk, and Insurance 16.1 The Problem of Imperfect Information and Asymmetric Information 16.2 Insurance and Imperfect Information Chapter 17. Financial Markets Introduction to Cost and Industry Structure 7.1 Explicit and Implicit Costs, and Accounting and Economic Profit 7.2 The Structure of Costs in the Short Run 7.3 The Structure of Costs in the Long Run Chapter 8. Perfect Competition Introduction to Unemployment 21.1 How the Unemployment Rate is Defined and Computed 21.2 Patterns of Unemployment 21.3 What Causes Changes in Unemployment over the Short Run 21.4 What Causes Changes in Unemployment over the Long Run Chapter 22. Inflation The baby boomer population, the group born between 1946 and 1964, is comprised of approximately 74 million people who have just reached retirement age. As this population grows older, they will be faced with common healthcare issues such as heart conditions, arthritis, and Alzheimer’s that may require hospitalization, long-term, or at-home nursing care. Aging baby boomers and advances in life-saving and life-extending technologies will increase the demand for healthcare and nursing. Additionally, the Affordable Care Act, which expands access to healthcare for millions of Americans, will further increase the demand. Introduction to Financial Markets 17.1 How Businesses Raise Financial Capital 17.2 How Households Supply Financial Capital 17.3 How to Accumulate Personal Wealth Chapter 18. Public Economy Introduction to Environmental Protection and Negative Externalities 12.1 The Economics of Pollution 12.2 Command-and-Control Regulation 12.3 Market-Oriented Environmental Tools 12.4 The Benefits and Costs of U.S. Environmental Laws 12.5 International Environmental Issues 12.6 The Tradeoff between Economic Output and Environmental Protection Chapter 13. Positive Externalities and Public Goods