23 Feb Analyze a market supply, demand, and equilibrium for factors of production, including labor 2. Apply key principles of economics to a market for factors of production 3. Explain the income a
Interactive Activities-week-12
Week 12: Interactive activity
12.1 Learning Outcomes
1. Analyze a market supply, demand, and equilibrium for factors of production, including labor
2. Apply key principles of economics to a market for factors of production
3. Explain the income and substitution effects of a wage change in a labor market
4. Explain why wages differ across occupations and levels of human capital
5. Reflect on your learning experiences
12.2 Action Required:
Reading
Read the following to prepare for this week:
Survey of Economics, Chapter 10: Imperfect Information, External Benefits, and External Costs
Video:
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
MIT OpenCourseWare video lecture series, Uncertainty?
12.3 Test your Knowledge (Question):
Question: Discuss why do wages differ across occupations?
12.4 Instructions
Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week12: Interactive learning Discussion
Requirements: As you like
