unemployment-20

Information about unemployment-20

Published on August 11, 2014

Author: zain.lakdawala

Source: authorstream.com

Content

PowerPoint Presentation: Lecture 20 1 Macroeconomic Analysis 2003 Theories of Unemployment Blanchard 6-8,13, Mankiw 6, M&S 18 PowerPoint Presentation: Lecture 20 2 Four Theories of Unemployment PowerPoint Presentation: Lecture 20 3 L L1 L2 LD(MPL) 0 A B C Unemployment in the Classical Model: Minimum wage and Labour Market Rigidity PowerPoint Presentation: Lecture 20 4 L = 488 L1 = 485 L2=605 LD(MPL) 0 A B C Unemployment in the Classical Model: A Numerical Example Minimum wage, Labour Market Rigidity and Involuntary unemployment U = 120 PowerPoint Presentation: Lecture 20 5 PowerPoint Presentation: Lecture 20 6 A Numerical Example of the Natural Rate of Unemployment PowerPoint Presentation: Lecture 20 7 Un =0.048 0 Real wage, Mark up and the Natural Rate of Unemployment PowerPoint Presentation: Lecture 20 8 Efficiency wage theory PowerPoint Presentation: Lecture 20 9 Firms Labour demand MPL Wage rate Employment Wage rate U(w,E) Employment Firms Demand for labour Unions wage employment preference Collective Labour supply MPL PowerPoint Presentation: Lecture 20 10 Insider-Outsider Model of Unemployment with Wage rates and Employment in the Union and Non-union Sectors U(w,E) w u 0 w nu u Union, E Non-union, E Wage rate in the Union Sector Wage rate in the non-union Sector LD in union sector LD in non union sector PowerPoint Presentation: Lecture 20 11 Frictional and structural unemployment PowerPoint Presentation: Lecture 20 12 Frictional Unemployment Rate PowerPoint Presentation: Lecture 20 13 Individual labour supply Collective labour supply Le L1 L2 Wu Wf A B Union voluntary and Individual Involuntary unemployment o Involuntary Unemployment in the Collective Bargaining PowerPoint Presentation: Lecture 20 14 Structural unemployment: Labour Market Rigidity PowerPoint Presentation: Lecture 20 15 Measures to reduce unemployment rate PowerPoint Presentation: Lecture 20 16 References

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