Chapter and sections in Taylor to Read
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Pg #
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Comments/Assignment
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5 Labor and Financial Capital Markets |
89 |
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Demand and Supply at Work in Labor Markets |
89 |
Read. |
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Equilibrium in the Labor Market |
90 |
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Shifts in Labor Demand |
91 |
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Shifts in Labor Supply |
92 |
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Technology and Wage Inequality: The Four-Step Process |
92 |
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Price Floors in the Labor Market: Living Wages and Minimum Wages |
94 |
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The Minimum Wage as an Example of a Price Floor |
95 |
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Demand and Supply in Financial Capital Markets |
96 |
Skip. |
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Who Demands and Who Supplies in Financial Capital Markets |
97 |
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Equilibrium in Financial Capital Markets |
97 |
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Shifts in Demand and Supply in Financial Capital Markets |
98 |
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The United States as a Global Borrower: The Four-Step Process |
99 |
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Price Ceilings in Financial Capital Markets: Usury Laws |
100 |
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Don’t Kill the Price Messengers |
102 |
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Key Concepts and Summary |
103 |
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Review Questions |
104 |
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10 Perfect Competition |
191 |
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Quantity Produced by a Perfectly Competitive Firm |
192 |
Skip. We covered in another Unit. |
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Comparing Total Revenue and Total Cost |
192 |
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Comparing Marginal Revenue and Marginal Costs |
194 |
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Marginal Cost and the Supply Curve |
195 |
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Profits and Losses with the Average Cost Curve |
196 |
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The Shutdown Point |
196 |
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Short-Run Outcomes for Perfectly Competitive Firms |
199 |
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Entry and Exit in the Long Run |
200 |
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How Entry and Exit Lead to Zero Profits |
200 |
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Economic Profit vs. Accounting Profit |
201 |
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The Economic Function of Profits |
202 |
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Factors of Production in Perfectly Competitive Markets |
203 |
Read – Important |
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The Derived Demand for Labor |
203 |
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The Marginal Revenue Product of Labor |
204 |
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Are Workers Paid as Much as They Deserve? |
205 |
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Physical Capital Investment and the Hurdle Rate |
206 |
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Physical Capital Investment and Long-Run Average Cost |
207 |
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Efficiency in Perfectly Competitive Markets |
208 |
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Conclusion |
209 |
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Key Concepts and Summary |
209 |
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Review Questions |
211 |
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