Lecture "Human resource management - Chapter 7: Establishing a pay structure" presentation of content: Identify the kinds of decisions involved in establishing a pay structure, summarize legal requirements for pay policies, discuss how economic forces influence decisions about pay,... Invite reference.
After reading this chapter, you should be able to: Identify and explain the purposes, tools, and limitations of fiscal policy; explain the role of built-in stabilizers in moderating business cycles; describe how the cyclically-adjusted budget reveals the status of U.S. fiscal policy; discuss the size, composition, and consequences of the U.S. public debt.
The proposed activity is the most appropriate approach to the problems outlined under Section 1.5. Vietnamese and Australian scientists and industry stakeholders will work jointly, intensively and sequentially to: (i) describe the existing situations; (ii) identify and describe problems and constraints; (iii) develop recommendations and plans for mitigating the constraints and encouraging future research and development in the industry; and (iv) seek industry feedback by wide dissemination and discussion of the plans, proposals, and findings and recommendations....
Policy suggestions for the initial development of VietNam’s gas industry aims to discuss policy choices for the development of Vietnam’s gas industry. These policies must meet a number of criteria to be suitable for Vietnam, an emerging market which seeks to attract investment.
Long-term care has been and remains the distant cousin of health policy. Newspapers
are full of commentary on what 2008 presidential candidates have to say
about “universal health coverage,” the new expression for what used to be called
national health insurance. However, one would be hard-pressed to describe what
any of them think about long-term care.
After studying chapter 18, you should be able to: Understand the dividend retention versus distribution dilemma faced by the firm, explain the Modigliani and Miller (M&M) argument that dividends are irrelevant, explain the counterarguments to M&M – that dividends do matter, identify and discuss the factors affecting a firm’s dividend and retention of earnings policy,...
This book presents the findings and recommendations of the evaluation of the World Bank's Strategic Environmental Assessment (SEA) Pilot Program. It shows that SEA can contribute to improving development policy and sector reform by calling attention to environmental and social priorities, strengthening constituencies, enhancing policy capacities, and improving social accountability. It also provides guidance for undertaking SEA in policy and sector reform.
This chapter define fiscal policy and describe fiscal goals and instruments at the macroeconomic, sectoral and microeconomic levels; discuss the evolution of views on the macroeconomic role of fiscal policy, focusing on the distinction between the Keynesian and structural approaches and the choice between discretionary and rulesbased fiscal regimes; distinguish between the various definitions of budget balance and explain the economic significance of each;...
Chapter 2 - The market system and the circular flow. When you finish this chapter, you should: Differentiate between a command system and a market system; list the main characteristics of the market system; explain how the market system decides what to produce, how to produce it, and who obtains it; discuss how the market system adjusts to change and promotes progress; describe the mechanics of the circular flow model.
After reading this chapter, you should be able to: Discuss price elasticity of demand and how it can be applied, explain the usefulness of the total revenue test for price elasticity of demand, describe price elasticity of supply and how it can be applied, apply cross elasticity of demand and income elasticity of demand.
In this chapter, students will be able to understand: List the characteristics of pure monopoly, explain how a pure monopoly sets its profit-maximizing output and price, discuss the economic effects of monopoly, describe why a monopolist might prefer to charge different prices in different markets, distinguish between the monopoly price, the socially optimal price, and the fair-return price of a government-regulated monopoly.
Chapter 11 - Monopolistic competition and oligopoly. After reading this chapter, you should be able to: List the characteristics of monopolistic competition, explain why monopolistic competitors earn only a normal profit in the long run, describe the characteristics of oligopoly, discuss how game theory relates to oligopoly,...
Chapter 12 - The demand for resources. In this chapter, students will be able to understand: Explain the significance of resource pricing, convey how the marginal revenue productivity of a resource relates to a firm's demand for that resource, list the factors that increase or decrease resource demand, discuss the determinants of elasticity of resource demand, determine how a competitive firm selects its optimal combination of resources.
Chapter 15 - Natural resource and energy economics. After studying this chapter you will be able to understand: Explain why falling birthrates mean that we are not likely to run out of natural resources, describe why using a mix of energy sources is efficient, even if some of them are quite costly, discuss why running out of oil would not mean running out of energy, show how the profit motive can encourage resource conservation, relate how to use property rights to prevent deforestation and species extinction.
Chapter 17 - Asymmetric information, voting, and public choice. After reading this chapter, you should be able to: Describe how information failures may justify government intervention in some markets; explain the difficulties of conveying economic preferences through majority voting; discuss "government failure" and explain why it happens.
In this chapter, students will be able to understand: List and explain the core elements of the major antitrust (antimonopoly) laws in the United States, describe some of the key issues relating to the interpretation and application of antitrust laws, identify and explain the economic principles and difficulties relating to the setting of prices (rates) charged by so-called natural monopolies, discuss the nature of "social regulation," its benefits and costs, and its optimal level.
After reading this chapter, you should be able to: Explain why agricultural prices and farm income are unstable, discuss why there has been a huge employment exodus from agriculture to other U.S. industries over the past several decades, relate the rationale for farm subsidies and the economics and politics of price supports (price floors), describe major criticisms of the price-support system in agriculture, list the main elements of existing Federal farm policy.
After reading this chapter, you should be able to: Convey important facts about rising health care costs in the United States, relate the economic implications of rising health care costs, discuss the problem of limited access to health care for those without insurance, list the demand and supply factors explaining rising health care costs, summarize the goals of the Patient Protection and Affordable Care Act and the major changes that it institutes.
After reading chapter 21, you should be able to: Describe the extent of legal and illegal immigration into the United States; discuss why economists view economic immigration as a personal human capital investment; explain how immigration affects average wages, resource allocation, domestic output, and group income shares; relate how illegal immigration affects employment and wages in low-wage labor markets and impacts state and local budgets; demonstrate how economics can inform current immigration discussions and attempts to reform immigration laws.
Chapter 24 - Measuring domestic output and national income. After reading this chapter, you should be able to: Explain how gross domestic product (GDP) is defined and measured; describe the relationships among GDP, net domestic product, national income, personal income, and disposable income; discuss the nature and function of a GDP price index, and describe the difference between nominal GDP and real GDP; list and explain some limitations of the GDP measure.