00:01 |

Initial credits
00:20 |

Introduction
03:34 |

The labor market and politics
06:07 |

The demand in the labor market
- The demand price
- The supply price
08:29 |

How the employers determine when to hire
- Example on determining if you hire an additional worker
  - The employer as a profit seeker
  - The full value of an hour
  - The government intervention
- The Socialism in the universities
- The effect of the benefits on the salaries
- The salary employers want to pay
- The employers surplus
25:49 |

How the employee absorbs all the benefit costs
29:46 |

Profit contribution
32:37 |

Taxation to hiring employees
34:02 |

Net Marginal Revenue
35:30 |

The interpretation of the demand curve's slope
- Example and explanation of the downward slope
- The effect of a higher wage
- The logical argument for the downward slope
44:33 |

The supply price of labor
- What the labor market buys
- The determinants of the supply price
  - Employment alternatives
  - Competition among employees
  - Competition among employers
- What competition benefits whom
52:14 |

Buyers do not compete with sellers
53:54 |

Conclusion
54:44 |

How will the labor market be in the future in respect to unions?
58:05 |

Is there any tendency in the universities to change the way labor economics is taught?
1:01:40 |

Credits

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Labor Market Process

30 de septiembre de 2003 | Vistas: 3688 |

Charles W. Baird

Charles W. Baird has been professor of economics and he's currently associate dean for academic affairs in the College of…

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