Chapter 28: Unemployment

Рет қаралды 31,343

Күн бұрын

Calculating the unemployment rate 7:21
Challenges with interpreting unemployment numbers 15:00
Discouraged workers 17:23
Frictional unemployment 29:20
Structural unemployment 40:25

Пікірлер: 35

@roye6961 3 ай бұрын

These videos are simple and coherent, so they are not only for econ students. Anyone can learn from these educational videos. This is how all professors need to teach, entertaining and easy-to-follow. Thank you Dr. Azevedo.

@K12LearningCoach 3 жыл бұрын

Thank you so much for your lecture videos! They make a great supplement to any macroecon online class that does not provide lectures.

@nalinidhiman8401 2 жыл бұрын

Thank you Dr. Azevedo! :)

@samuelagyeman5090 2 жыл бұрын

Thank you so much, these are great!!!

@manfefromelese3979 3 ай бұрын

Thanks for your educative lecture !

@aoTrangd-ll9qk 3 ай бұрын

Tks u so so much for ur explanation in this vid. It's tremendouly easy for me to comprehend and get a comprehensive understanding abt Unemployment. Tks a lot once again!

@kelvinagudey-gg8fz 9 ай бұрын

Everytime I feel like watching a football video while watching this video I discover something new

@chauhoang814 Жыл бұрын

Thank you! Your videos help a lot

@DrAzevedoEcon Жыл бұрын

You're welcome....happy to help.

@Dilnazdidarovna Жыл бұрын

Thank you, Professor!!!

@DrAzevedoEcon Жыл бұрын

You're welcome!

@mishaavalkova7462 Ай бұрын

You are great!! Cannot really thank you enough for the knowledge and simple explanation!

@DrAzevedoEcon Күн бұрын

Happy to be able to help!

@rook839 Ай бұрын

amazing! thank you

@nalinidhiman8401 2 жыл бұрын

wait, can i ask how you'er drawing on the board??? it cant be a transparent board because if you are behind it then we should see everything flipped...??

@Legitjayesh 3 жыл бұрын

Very helpful session to revise the unemployment chapter.

@owaisahmed005 2 жыл бұрын

Sir please make a video on Chapter 25 Production And Growth

@yanabudaghyan5974 2 жыл бұрын

Hi I wanted to ask which book you are using for the lectures? In our university we use Gregory Mankiw Principles of Macroeconomics 8th edition

@waqasahmadmughal5381 28 күн бұрын

Same

@aykoaykobiyebiye204 2 жыл бұрын

everything made perfect sense until now but the supply curve for the labor market has very low elasticity compared to what we draw in this lecture i think. cuz if there was no minimum wage firms wouldn't pay that much and we would still have close to same amount of ppl working if not more to survive/provide for kids etc. yeah labors can do a strike but if the government does nothing i can just wait out for ppl to die starving and they will start working for lower wages anyway if they wanna live.

@DrAzevedoEcon 2 жыл бұрын

While it is true that the elasticity of the labor supply curve varies across markets, that doesn't imply that firms are in complete control of the wage. It also doesn't imply that the lower the wage, the more people will work. If all firms had to do was wait until everyone is starving and then willing to work for next to nothing, then we would be seeing this happen in markets where there is no minimum wage, which is a vast majority of markets. Keep in mind that less than 2% of the workforce is paid a minimum wage. Over 98% of the workforce is working for a wage (or salary) that is not determined by a price floor.

@aykoaykobiyebiye204 2 жыл бұрын

@@DrAzevedoEcon thanks for the reply. in my country like 50% of the labor force works for minimum wage so that got me thinking wrong i think.

@DrAzevedoEcon 2 жыл бұрын

@@aykoaykobiyebiye204 You aren't necessarily thinking about it wrong. Each labor market will be somewhat unique. In some, the firms may have a great deal of market power (ability to drive wage down), while in others it may be the workers who have market power (ability to drive wage up). The key thing that economists don't like about a price floor (or any type of price control) is that they prevent markets from clearing when they are binding. In other words, they create a persistent surplus or shortage. There are other options that don't have this side effect. For example, if there are workers who are struggling to provide for their families, then direct subsidies to those workers can be a better policy.

@aykoaykobiyebiye204 2 жыл бұрын

@@DrAzevedoEcon thanks a lot for the explanation