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Principles of Microeconomics Course Content, Markets for the Factors of Production, Markets for the Factors of Production Resources

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Description

Overview:
This topic introduces the features of the market for labor, a factor of production.  It examines the factors that determine the demand for labor and supply of labor.  Equilibrium employment and wages under different assumptions of output and labor market structure are presented.  It considers the potential consequences of the minimum wage for workers and employers.  Current developments in US labor markets including labor unions, and their implications for trends in wages and earnings are explored.    
Subject:
Economics
Level:
Community College / Lower Division, College / Upper Division
Material Type:
Module
Provider:
Ohio Open Ed Collaborative
Date Added:
05/06/2019
License:
Creative Commons Attribution-NonCommercial 4.0 Creative Commons Attribution-NonCommercial 4.0
Language:
English
Media Format:
eBook

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