Copyright © 2009 Pearson Education, Inc. 6- 1 Review For Final Exam Will Include Questions From: In-Class Lectures Chapter 6 (exclude pps. 185-187 and.

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Presentation transcript:

Copyright © 2009 Pearson Education, Inc Review For Final Exam Will Include Questions From: In-Class Lectures Chapter 6 (exclude pps and ) Chapter 8 (exclude appendix) Chapter 9 (exclude appendix) Chapter 10 (exclude pps ) Chapter 12 (exclude pps and appendix) Articles 7, 8, and 9

Copyright © 2009 Pearson Education, Inc Chapter 6 - Supply of Labor and Decision to Work Theory of the Decision to Work Income and Substitution Effects of a Wage Change The Graphics of Labor-Leisure Choice Graphical Analysis of Income Replacement Programs Graphical Analysis of Welfare Programs Welfare Reform and Workfare

Copyright © 2009 Pearson Education, Inc Figure 6.1: An Individual Labor Supply Curve Can Bend Backward

Copyright © 2009 Pearson Education, Inc Figure 6.7: Indifference Curves and Budget Constraint (with an increase in nonlabor income)

Copyright © 2009 Pearson Education, Inc Figure 6.13: Budget Constraint with a Spike

Copyright © 2009 Pearson Education, Inc Figure 6.14: Income and Substitution Effects for the Basic Welfare System

Copyright © 2009 Pearson Education, Inc Chapter 8 - Compensating Wage Differentials The Role of Compensating Wage Differentials in Matching Worker and Employer Hedonic Wage Theory and Risk of Injury -Worker Indifference Curves -Employer Isoprofit Curves -The Offer Curve Hedonic Wage Theory and Employee Benefits

Copyright © 2009 Pearson Education, Inc Figure 8.1: A Family of Indifference Curves between Wages and Risk of Injury

Copyright © 2009 Pearson Education, Inc Figure 8.3: A Family of Isoprofit Curves for an Employer

Copyright © 2009 Pearson Education, Inc Figure 8.6: An Offer Curve

Copyright © 2009 Pearson Education, Inc Figure 8.12: Market Determination of the Mix of Wages and Benefits

Copyright © 2009 Pearson Education, Inc Chapter 9 - Human Capital Investments Net Present Value and The Human Capital Investment Decision The Effect of Education and OJT on Earnings - Males and Females Women and Human Capital Acquisition Is Education a Good Investment? The Signaling Model

Copyright © 2009 Pearson Education, Inc Figure 9.2: Alternative Earnings Streams

Copyright © 2009 Pearson Education, Inc Figure 9.4: Money Earnings (Mean) for Full-Time, Year-Round Female Workers, 2005

Copyright © 2009 Pearson Education, Inc Figure 9.6: The Increased Concavity of Women’s Age/Earnings Profiles

Copyright © 2009 Pearson Education, Inc Figure 9.8: The Lifetime Benefits and Costs of Educational Signaling

Copyright © 2009 Pearson Education, Inc Chapter 10 - Worker Mobility Net Present Value and Worker Mobility Characteristics of Movers Returns to Immigration U.S. Immigration History Characteristics of Illegal Immigrants to the U.S. Benefits and Costs of immigration

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