MGEC51H3 Lecture Notes - Lecture 2: Employment-To-Population Ratio, Indifference Curve, Inferior Good
13 Oct 2014
School
Department
Course
Professor
Document Summary
Week 02 lecture note: tuesday september 9th, 2014. Today, i have to finish our class around 10 minutes earlier (2:50pm). I have a teaching class at york u starting from 4:00pm. I will adjust the starting time to 4:15pm from next week. Today is the first lecture of the semester. So i do not have time for the adjustment. Please read the related topics from other microeconomics textbooks for your own benefits. You have to make your own note from the lecture. Individuals in the eligible population (15 years and older) who participate in labour market activities, either employed or unemployed. Lfpr: the fraction of the eligible population that participates in the labour force. Not in labor force: students, retired, house workers, discouraged workers and others not searching works. Labour force, employment and unemployment, levels and rates. Figure 2. 2 page 35 labor force participation rates by sex, canada, census year 1901-2001:
