Price controls like minimum wage and rent control that artificially set prices below market rates have unintended negative consequences. Minimum wage reduces jobs and raises unemployment as employers cannot pay for labor that is worth less than the mandated price. Rent control leads to less construction of new housing and deterioration of existing units as landlords receive less than what properties are worth. While the goals aim to help workers and renters, price controls ignore market incentives and are ineffective, and competitive markets without intervention best achieve lower prices, higher quantity, and better quality for consumers.
This document provides an introduction to macroeconomics concepts including defining key terms like economy, economics, opportunity cost, and different economic systems. It discusses that an economy is a system for allocating scarce resources, economics is the study of this, and opportunity cost refers to the next best alternative sacrificed by a choice. It also outlines the three main types of economic systems - command, free-market, and mixed - and introduces the production possibilities curve.
The document discusses the business cycle, which refers to alternating periods of economic expansion and contraction. It identifies key phases like booms, busts, peaks and troughs. It then examines various causes of economic fluctuations, such as changes in consumption, inventories, government spending, expectations, interest rates, and supply shocks. Finally, it outlines different indicators that are used to forecast business cycles, including leading, coincidental, and lagging indicators.
Google Voice provides a free online phone number that can be linked to an email account. Any voice messages received will be sent to the linked email. The document provides instructions for setting up a Google Voice number, including selecting a new number, confirming the number, and editing settings through the Google Voice website and mobile apps. It also includes a link to a YouTube video demonstrating Google Voice.
This document provides details about an upcoming luxury fashion show organized by Kazaltar. The objective of the event is to provide visibility for up to 6 designers among 50 targeted press, 50 high-net-worth clients and intermediaries, and 50 additional guests. The event will take place in March/April 2016 at Salle Erard in Paris and include a greeting, four successive fashion shows showcasing 10 creations per designer, musical breaks, and
Price controls like minimum wage and rent control that artificially set prices below market rates have unintended negative consequences. Minimum wage reduces jobs and raises unemployment as employers cannot pay for labor that is worth less than the mandated price. Rent control leads to less construction of new housing and deterioration of existing units as landlords receive less than what properties are worth. While the goals aim to help workers and renters, price controls ignore market incentives and are ineffective, and competitive markets without intervention best achieve lower prices, higher quantity, and better quality for consumers.
This document provides an introduction to macroeconomics concepts including defining key terms like economy, economics, opportunity cost, and different economic systems. It discusses that an economy is a system for allocating scarce resources, economics is the study of this, and opportunity cost refers to the next best alternative sacrificed by a choice. It also outlines the three main types of economic systems - command, free-market, and mixed - and introduces the production possibilities curve.
The document discusses the business cycle, which refers to alternating periods of economic expansion and contraction. It identifies key phases like booms, busts, peaks and troughs. It then examines various causes of economic fluctuations, such as changes in consumption, inventories, government spending, expectations, interest rates, and supply shocks. Finally, it outlines different indicators that are used to forecast business cycles, including leading, coincidental, and lagging indicators.
Google Voice provides a free online phone number that can be linked to an email account. Any voice messages received will be sent to the linked email. The document provides instructions for setting up a Google Voice number, including selecting a new number, confirming the number, and editing settings through the Google Voice website and mobile apps. It also includes a link to a YouTube video demonstrating Google Voice.
This document provides details about an upcoming luxury fashion show organized by Kazaltar. The objective of the event is to provide visibility for up to 6 designers among 50 targeted press, 50 high-net-worth clients and intermediaries, and 50 additional guests. The event will take place in March/April 2016 at Salle Erard in Paris and include a greeting, four successive fashion shows showcasing 10 creations per designer, musical breaks, and
This document discusses factors that influence earnings, including human capital, education as a signal, compensating differentials, and discrimination. It provides examples of earnings differentials between graduates from top vs. lower ranked universities based on signaling theory and between high vs. low GPA graduates based on human capital theory. The document also examines earnings differences between more vs. less attractive individuals, hazardous waste vs. produce truckers, and the world's best writer vs. physical therapist based on productivity and compensation for risk. Charts show changes over time in the female-to-male wage ratio by occupation and factors explaining the gender wage gap.
This document is a set of PowerPoint slides for a lecture on the ten principles of economics. It introduces economics as the study of how societies manage scarce resources and how individuals and firms make decisions. It then outlines the ten principles under three headings: how people make decisions, how people interact, and how the economy as a whole works. The principles address topics like tradeoffs, incentives, markets, government intervention, production, inflation, and unemployment. Diagrams and examples are provided to illustrate the key concepts.
This document discusses the importance of writing a clear thesis statement for a research paper. It notes that a good thesis should be persuasive, defendable with evidence, and present an argument rather than just an opinion. It should not be too broad or open-ended, and should predict the major divisions of the paper. The document provides examples of strong and weak thesis statements and outlines the key components of developing an outline to organize the paper.
This document contains slides from a lecture on oligopoly markets. It includes examples of Nash equilibria in fare wars between airlines, arms races between superpowers, free riding behaviors among students, and policies to promote competition among oligopolies. One slide reproduces a recorded phone conversation between executives from American Airlines and Braniff Airlines where they discuss coordinating price increases, demonstrating illegal collusion.
This document defines different types of unemployment including frictional, seasonal, structural, and cyclical unemployment. It explains key labor force concepts such as the natural rate of unemployment and defines the labor force. Examples are provided to calculate the labor force participation rate and unemployment rate. The document also discusses underemployment, inflation, how unemployment and labor force participation differs by gender and age, and the costs of unemployment and inflation.
Viceverba_appdelmes_0624_joc per aprendre verbs llatinsDaniel Fernández
Vice Verba és una aplicació educativa dissenyada per ajudar els estudiants de llatí a aprendre i practicar verbs llatins d'una manera interactiva i entretinguda.
This document discusses factors that influence earnings, including human capital, education as a signal, compensating differentials, and discrimination. It provides examples of earnings differentials between graduates from top vs. lower ranked universities based on signaling theory and between high vs. low GPA graduates based on human capital theory. The document also examines earnings differences between more vs. less attractive individuals, hazardous waste vs. produce truckers, and the world's best writer vs. physical therapist based on productivity and compensation for risk. Charts show changes over time in the female-to-male wage ratio by occupation and factors explaining the gender wage gap.
This document is a set of PowerPoint slides for a lecture on the ten principles of economics. It introduces economics as the study of how societies manage scarce resources and how individuals and firms make decisions. It then outlines the ten principles under three headings: how people make decisions, how people interact, and how the economy as a whole works. The principles address topics like tradeoffs, incentives, markets, government intervention, production, inflation, and unemployment. Diagrams and examples are provided to illustrate the key concepts.
This document discusses the importance of writing a clear thesis statement for a research paper. It notes that a good thesis should be persuasive, defendable with evidence, and present an argument rather than just an opinion. It should not be too broad or open-ended, and should predict the major divisions of the paper. The document provides examples of strong and weak thesis statements and outlines the key components of developing an outline to organize the paper.
This document contains slides from a lecture on oligopoly markets. It includes examples of Nash equilibria in fare wars between airlines, arms races between superpowers, free riding behaviors among students, and policies to promote competition among oligopolies. One slide reproduces a recorded phone conversation between executives from American Airlines and Braniff Airlines where they discuss coordinating price increases, demonstrating illegal collusion.
This document defines different types of unemployment including frictional, seasonal, structural, and cyclical unemployment. It explains key labor force concepts such as the natural rate of unemployment and defines the labor force. Examples are provided to calculate the labor force participation rate and unemployment rate. The document also discusses underemployment, inflation, how unemployment and labor force participation differs by gender and age, and the costs of unemployment and inflation.
Viceverba_appdelmes_0624_joc per aprendre verbs llatinsDaniel Fernández
Vice Verba és una aplicació educativa dissenyada per ajudar els estudiants de llatí a aprendre i practicar verbs llatins d'una manera interactiva i entretinguda.