Macro 10
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This document contains lecture materials on macroeconomics and unemployment rates including: - Examples of calculating unemployment rates based on numbers of employed and unemployed people. - Factors that can cause unemployment rates to be overstated or understated such as discouraged workers. - Types of unemployment including cyclical, structural, and frictional unemployment. - Government programs and policies related to unemployment such as unemployment insurance and minimum wage laws. - Concepts like the natural rate of unemployment, efficiency wages, and unintended consequences of policies.
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The document summarizes India's economic growth and future prospects over the past few decades. It notes that India has experienced high GDP growth averaging around 6-8% annually since the 1980s. While prosperity has increased, governance issues still need to be addressed for happiness to spread equally. The future outlook remains positive, with India's economy expected to become the world's 3rd largest, and per capita incomes projected to continue rising substantially through the mid-century as India leverages its young population. However, challenges around infrastructure, fiscal deficits, and governance reforms will need addressing to ensure continued growth.
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留信网认证的作用:
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2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
【关于价格问题（保证一手价格）】
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
falcon-invoice-discounting-a-strategic-approach-to-optimize-investments
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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留信网认证的作用:
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2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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Macro 10
- 4. Quiz Master
- 6. 3x
- 7. Quiz There are 160,000 adults in your city. 110,400 people are employed. The unemployment rate is 8 percent. 1. How many are in the Labor Force? 2. How many are Unemployed? 3.What is the Labor Force Participation Rate? 4. If you are going to receive $1,000 when you graduate in three years and your risk rate is 8 percent, what it the present value?
- 8. 3,000 people live in Pooleynesia. There are 250 people under 16. 450 people are not in the labor force. 230 people are unemployed. 1. What is the Labor Force Participation Rate? 2. What is the Unemployment Rate?
- 9. Calculating Unemployment Rates Employed + Unemployed = Labor Force # % 100% The unemployment rate is 10% and there are 4,500 people employed. What is the number unemployed? 10% 90% 4,500 5,000 500 4,500 ÷ .90 = 5,000
- 10. Calculating Unemployment Rates Employed + Unemployed = Labor Force # % 100% The unemployment rate is 5% and there are 2,500 people unemployed. What is the number employed? 5% 95% 47,500 50,000 2,500 2,500 ÷ .05 = 50,000
- 11. Calculating Unemployment Rates Employed + Unemployed = Labor Force # % 100% The unemployment rate is 3% and there are 19,400 people employed. There are 30,000 adults. What is labor force participation rate? 3% 97% 19,400 20,000 600 19,400 ÷ .97 = 20,000 20,000 ÷ 30,000 = .67 or 67%
- 13. 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Y a 0 N 1945 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 Y a 0 20 40 60 S a a a (%) Ho er o er char o Adj s ear range da a displa . N : I a a a . Ba 16 a a T a a a a a a a C S . S : 1948-2015 a a a , C P S , U.S. B a S a G a W Men Women
- 14. Problems Overstate - Above actual Cash workers Understate - Below actual Discouraged workers
- 15. Frédéric Bastiat (1801-1850) There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect than can be seen and those effects than must be foreseen. What is Seen andWhat in Not Seen, 1850
- 16. Natural Rate of Unemployment The normal rate of unemployment around which the unemployment rate fluctuates
- 17. Cyclical Unemployment The deviation of unemployment from its natural rate
- 19. Unemployment Insurance Government program to provide income when workers become unemployed
- 20. Unemployment Insurance Unintended Consequence Moral Hazard May prolong unemployment
- 21. Minimum Wage Laws Government sets a minimum wage that can legally be paid Price Floor
- 22. $0 $5 $10 $15 $20 0 10 20 30 40 50 60 Supply Demand Wage Workers Equilibrium Wage 30 workers 30 jobs no unemployment Minimum Wage 40 workers 20 jobs 20 unemployed workers Minimum Wage 20 workers get a raise 10 workers lose job 10 new unemployed workers Minimum Wage
- 23. Labor Union Worker association that negotiates with employers over wages, benefits, and conditions
- 24. Efficiency Wages Employee Wage Pizzas Productivity Wage per Pizza Bob $10 5 $2.00 Bill $20 12 $1.67
- 25. Efficiency Wages More Healthy Lower Turnover Higher Quality More Effort