Lecture 201 Macroeconomic Analysis 2003 Theories of Unemployment Blanchard 6-8,13, Mankiw 6, M&S 18.

Slides:

Advertisements

Similar presentations

AKC Rally Signs These are copies of the 2012 AKC Rally signs, as re-drawn by Chuck Shultz. Use them to print your own signs. Be prepared to use a LOT of.

Advertisements

Labour Market Constraints LMCs result in disequilibrium in the labour market LMCs result in disequilibrium in the labour market They prevent the labour.

Chapter 12. LABOUR McGraw-Hill/IrwinCopyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 12.

Lecture 15: Unemployment and the Business Cycle L11200 Introduction to Macroeconomics 2009/10 Reading: Barro Ch.9 25 February 2010.

Phillips Curve: Trade-off Between Inflation and Unemployment

Dias 1 Social dialogue under pressure: developments in local government- Denmark Mikkel Mailand Employment Relations Research Centre, FAOS Department.

Of 10 09/27/2011Communication, Computing & Technology: Communication, Computing, & Technology Madhu Sudan MSR New England.

Lecture II: Constructing a theory of equilibrium unemployment Microeconomic foundations of the wage curve.

Autocorrelation Lecture 20 Lecture 20.

10/17/2012PHY 113 A Fall Lecture 201 PHY 113 A General Physics I 9-9:50 AM MWF Olin 101 Plan for Lecture 20: Chapter 12 – Static equilibrium 1.Balancing.

ECE201 Lect-201 First-Order Circuits Cont’d Dr. Holbert April 17, 2006.

Lecture 5 The open Economy, Unemployment 1. Lecture 5. The Open Economy, Unemployment 2 1. To acquaint students with the terminology necessary for understanding.

Chapter Six1 A PowerPoint  Tutorial to Accompany macroeconomics, 5th ed. N. Gregory Mankiw Mannig J. Simidian ® CHAPTER SIX Unemployment.

Institute of Economics 520 G. Labour Economics Prof. Dr. Thomas Beißinger 

Actual Issues on Labour Market Economics Some Considerations.

Burda, WyploszMACROECONOMIA: UNA PROSPETTIVA EUROPEA ©EGEA 2006 Chapter 4 Labour Markets and Unemployment.

To what extent can the “market” justify wage differences? An economics perspective Jenny Säve-Söderbergh, The Swedish Institute for Social Research, Stockholm.

Unemployment, job creation and job destruction Chapter 3.

The basic neoclassical model: Labour demand (1)

THE NATURAL UNEMPLOYMENT RATE Recall: 1) when the economy is at full employment, there is still some amount of unemployment. (recall the definition of.

Macroeconomy in the Long Run

Unemployment Determining the Natural Rate of Unemployment.

© 2002 McGraw-Hill Ryerson Ltd.Chapter 18-1 Chapter 18 Unemployment: Causes and Consequences Created by: Erica Morrill, M.Ed Fanshawe College.

Macroeconomics (ECON 1211) Lecturer: Dr B. M. Nowbutsing Topic: Unemployment.

Macroeconomic Equilibrium Chapter 8. Potential GDP Potential GDP: the level of real GDP associated with full employment –sustainable upper limit of production.

Chapter 7. Unemployment Homework: pp # 3, 6, 7 Link to syllabussyllabus.

Macroeconomic Themes:51 New Keynesian Revival They use the micro foundations approach as used by the New Classical school. They argue that the Keynesian.

Underemployment When individuals are employed but are working less hours than they would like or in positions below their skill level.

Aggregate Supply, Aggregate Demand and Unemployment Week 4 Professor Dermot McAleese.

Review of Concepts and Approaches in Labour Market Analysis Pundy Pillay.

THE CAUSES & CATEGORIES OF UNEMPLOYMENT. OBJECTIVES: What are the three different types of unemployment? What factors determine the natural rate of unemployment?

Module 13 Mar  Job Search – when people spend time looking for employment  Frictional unemployment – unemployment due to the time workers spend.

Macroeconomic fluctuations, and the traditional Keynesian theory Nikolina Kosteletou 1 Keynesian theories: wage and price rigidities National and Kapodistrian.

Economics of Employment and unemployment from the Islamic Perspective IDsB/IRTI Video-Conferencing DLP.

1 CHAPTER 12 Factor Markets and the Distribution of Income PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.

MANKIW'S MACROECONOMICS MODULES

1 Macroeconomics Lecture 5 Unemployment (Mankiw: Macroeconomics, Chapter 5) Institute of Economic Theories - University of Miskolc Mónika Orloczki Assistant.

Macroeconomics I Lecture 9. October 2, 2007 Robert TCHAIDZE.

MACROECONOMICS Chapter 6 Unemployment. 2 Steady State The labor market is in equilibrium. The labor market is in equilibrium. No unemployment = long-run.

Class Slides for EC 204 Spring 2006 To Accompany Chapter 6.

Keynes and the Classical theory In the 1930s, wage rates fell and employment did not increase as classical model predicted.

The Misperceptions Theory and the Nonneutrality of Money - Application International Evidence on the Slope of the Short-Run Aggregate Supply Curve.

Macroeconomics Lecture 18. Review of the Previous Lecture Purchasing Power Parity (PPP) Unemployment –Natural rate of unemployment Frictional Unemployment.

0 CHAPTER 6 Unemployment U P D A T E Chapter 6 Unemployment.

SUPPLY AND DEMAND. DEMAND CURVE QUANTITY 0 D D Price Quantity PRICE.

Explaining Business Cycle Fluctuations with the Classical Model Outline: 1.The business cycle: again. 2.Cyclical fluctuations as an equilibrium phenomenon.

J.B. Clark, an American Economist, developed the marginal productivity theory of distribution. 1.

© The McGraw-Hill Companies, 2005 Chapter 27 Unemployment David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 8th Edition, McGraw-Hill, 2005.

D IFFERENCES IN WAGE OUTCOMES. 4. W AGE DIFFERENTIALS BETWEEN DIFFERENT OCCUPATIONS Differences in wage rates are dependent on the following: 1. Level.

ECN 202: Principles of Macroeconomics Nusrat Jahan Lecture-4 Unemployment.

ECON 2003 MACROECONOMICS 1 CHAPTER 6 UNEMPLOYMENT

Unemployment Lecture – the Great Depression, 25 % of labor force unemployed (US), unemployment viewed as something to be avoided at almost.

TYPES & CAUSES OF UNEMPLOYMENT

Unemployment According to economist Edmond Malinvaud, the type of unemployment that occurs depends on the situation at the goods market A common typology.

©McGraw-Hill Companies, 2010

Macroeconomics Lecture 12 Revision.

Macroeconomics ECN 3102 CHAPTER 3.

Unemployment Learning outcome AD Define unemployment

Unemployment and Its Natural Rate

Unemployment and Its Natural Rate

THE PROBLEM OF UNEMPLOYMENT

ECO Global Macroeconomics

Unemployment and Its Natural Rate

Labor Supply & Demand South Carolina’s Unemployment Rate Student name

TYPES OF UNEMPLOYMENT 1) VOLUNTARY UNEMPLOYMENT

Unemployment Bzhar N. Majeed.

Econ 101: Intermediate Macroeconomic Theory Larry Hu

MARKET FOR LABOUR LABOUR MARKET IN EQUILIBRIUM SL

Unemployment ETP Economics 102 Jack Wu.

Markets FACTOR.

Presentation transcript:

Lecture 201 Macroeconomic Analysis 2003 Theories of Unemployment Blanchard 6-8,13, Mankiw 6, M&S 18

Lecture 202 Four Theories of Unemployment

Lecture 203 L L1L2 LD(MPL) 0 A B C Unemployment in the Classical Model: Minimum wage and Labour Market Rigidity

Lecture 204 L = 488 L1 = 485L2=605 LD(MPL) 0 A B C Unemployment in the Classical Model: A Numerical Example Minimum wage, Labour Market Rigidity and Involuntary unemployment U = 120

Lecture 205

6 A Numerical Example of the Natural Rate of Unemployment

Lecture 207 Un = Real wage, Mark up and the Natural Rate of Unemployment

Lecture 208 Efficiency wage theory

Lecture 209 Firms Labour demand MPL Wage rate Employment Wage rate U(w,E) Employment Firms Demand for labour Unions wage employment preference Collective Labour supply MPL

Lecture 2010 Insider-Outsider Model of Unemployment with Wage rates and Employment in the Union and Non-union Sectors U(w,E) wuwu 0 w nu u Union, E Non-union, E Wage rate in the Union Sector Wage rate in the non-union Sector LD in union sector LD in non union sector

Lecture 2011 Frictional and structural unemployment

Lecture 2012 Frictional Unemployment Rate

Lecture 2013 Individual labour supply Collective labour supply LeL1L2 Wu Wf A B Union voluntary and Individual Involuntary unemployment o Involuntary Unemployment in the Collective Bargaining

Lecture 2014 Structural unemployment: Labour Market Rigidity

Lecture 2015 Measures to reduce unemployment rate

Lecture 2016 References