AS.180.350 Study Guide - Midterm Guide: The New York Times, Marginal Utility, Invisible Hand

• School: JHU
• Department: AS Economics, AS Dean's Teaching Fellowship Courses
• Course: AS.180.350
• Professor: Husain

Document Summary

Topic 1: overview of labor market and intro to labor supply & demand. 2: government, ca(cid:374) ta(cid:454) (cid:449)o(cid:396)ke(cid:396)s" ea(cid:396)(cid:374)i(cid:374)gs, subsidize training of employees (engineers, demand certain employment discrimination laws (demand that. Impose payroll tax on firms engineering firms hire 2 african american engineers for each white hired: enact legislation that makes some labor market transactions illegal (paying engineers less than ,000 annually) January 1968: build alyeska pipeline project, labor demand curve tells us how many workers would be hired in the. Intersection of s0 and d0: the construction of the oil pipeline shifted the labor demand curve in. Increase in labor supply experiences in alaska happened for 2 reasons: 1) a larger fraction of alaskans were willing to work when the wage increased, 2) the rate of population growth accelerated between. 1974 and 1976 because people living in the other 48 states moved to alaska to take advantage of the improved economic opportunities offered by the alaskan labor market.