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Economics of Work and Leisure

This class was created by Brainscape user Jonny Virgo. Visit their profile to learn more about the creator.

By: Jonny Virgo
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Decks in this class (7)

Costs and theory of the firm
Fixed costs,
Variable costs,
Total costs
22  cards
Profit, Aims and Efficiency
Total revenue,
Average revenue,
Marginal revenue
19  cards
Market Structure
Competitive markets features 6,
Perfect competition features 6,
Changes in equilibrium with perfe...
23  cards
Wage Determination
Short run supply of labour substi...,
Short run supply of labour income...,
Key determinant of supply of labo...
26  cards
Labour Market Failure
Labour market failure definition,
Monopsony,
How is a monopsony a labour marke...
17  cards
Unemployment, poverty and min. wages
Natural rate of unemployment nairu,
Determinants of natural rate of u...,
Reasons for decreasing nairu sinc...
20  cards
Flexibility, Leisure and Immigration
Recent changes in uk lab mkts 4,
Types of labour mkt flexibility 5,
Flexible labour markets require 4
16  cards

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Economics of Work and Leisure

  • Class purpose General learning

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