PPT-Factor Immobility, Unemployment, Wages, Prices, and International Trade: Challenges

Framework Sherman Robinson IFPRI FAO worksop Relationship Between Trade and Food Security Rome March 2015 Benefits of International Trade Theory of comparative advantage Necessary and sufficient conditions to generate trade. Comparative . Advantage. Prof. Christopher Balding. February 20, 2014. Absolute Advantage. Absolute Advantage cont.. Can We Trade under Absolute Advantage?. Absolute Advantage Trade in Pictures. What Happens to . Midterm: Next Wednesday, Oct 10, 11:35-12:50.. Closed book, no electronic anything.. Room for midterm is Davies Auditorium.. Coverage: through labor (not investment).. Gradation of questions from easy to hard.. So far you have looked at 4 causes of market failure.. Can you list them?. . AQA Econ 1: Markets and market failure. 1.4.6 . What you need to know. Candidates should understand that the immobility of factors of production is likely to result in a misallocation of resources and therefore cause market . Carl Shapiro and Joseph . Stiglitz. Conventional paradigm. All workers receive the market wage and there is no unemployment.. Existence of involuntary unemployment. Wages fall to clear market?. Workers have an incentive to shirk.. www.lancaster.ac.uk/postgrad/alia10/. a.ali11@lancaster.ac.uk. office hours. : . 3:45PM . to 4:45PM . tuesdays. LUMS C85. Some notes for the last section of ECON 100. You’ve had some experience with David Peele’s questions – on Exam 4. July 28, 2016. 2016 . Unemployment Insurance. Provide income to workers while between jobs. A combined federal and state system. State Matters. FUTA Federal Unemployment Tax Act (FUTA). SUTA State Unemployment Tax Act (SUTA). www.lancaster.ac.uk/postgrad/murphys4/. s.murphy5@lancaster.ac.uk. office: LUMS . C85. Some notes for the last section of ECON 100. You’ve had some experience with David Peele’s questions – on Exam 4. 2. IS-MP. Y. Potential output = AF(K,L). Y. pot. u. Three key macro laws for the labor market. Okun’s Law: . unemployment moves inversely with Y (earlier in course). Beveridge Curve: . Unemployment moves inversely with vacancy rate (today). Employer paid tax (contributions). Calculated as a percentage of covered wages for each employee. Cannot be withheld from employee’s wages. State unemployment could have employee contributions. What is FUTA?. of UI Basics . Office of Unemployment Insurance Administration. . . Overview. How UI is Funded. Best Practices. Reporting Wages. Misclassified Workers. CHAPTERS: Sections for Review. What is Unemployment Insurance (UI)?. . The Role of International Trade. Barriers . (explain). . - Narrow range of products (over-specialisation). - Volatile prices of primary products. - Lack of access to international markets. Over-. Economic Cycles. The economy is up and down throughout our history. A good economy always comes to a halt before it takes off again. The GDP is the most important factor in determining if the economy is good or bad. Employer paid tax (contributions). Calculated as a percentage of covered wages for each employee. Cannot be withheld from employee’s wages. State unemployment could have employee contributions. What is FUTA?. & LIVING WAGES:. the most important conversation. in Fair Trade today…. Introduction. - DEFINITIONS. - Background : WHY this working group. - It. ’. s a scary journey with lots of ‘potholes’….