discuss the objectives and behaviour of firms in leisure markets.
Back
Card 17
Front
Labour as a derived demand: • marginal revenue product and its determination; • elasticity of demand for labour and its determinants.
Back
Card 18
Front
explain what is meant by the derived demand for labour in terms of marginal revenue product
Back
Card 19
Front
discuss the usefulness of supply-side concepts, including net advantages and pecuniary and non-pecuniary benefits
Back
Card 20
Front
Supply of labour in the long run: • net advantages; • pecuniary and non-pecuniary benefits; • positive and negative factors.
Back
Card 21
Front
Transfer earnings and economic rent; elasticity of supply, and factors influencing it
Back
Card 22
Front
understand what is meant by elasticities of demand for, and supply of, labour and explain the factors that determine both
Back
Card 23
Front
Causes and consequences of labour market failure: • monopsony; • union power; • imperfect information; • skill shortages; • economic inactivity; • unemployment; • discrimination; • segmented labour markets; • geographical and occupational immobility
Back
Card 24
Front
analyse the nature of the various causes of labour market failure and explain the consequences for wage rates, labour supply and demand, and levels of employment;
Back
Card 25
Front
describe, in general terms, the trends in trade union membership in the UK;
