Factor Market and Externalities

The focus of this lecture is the factor/resources market. Students will learn the hiring process, supply and demand structure of the factor markets, and the related issues. Externalities and public goods will be explored.

1. Define the resources market.

2. Understand the demand and supply of the labor market

3. Explore the hiring process and causes of wage differences.

4. Identify externalities and public goods.

TOPICS

Please read all the lectures by clicking on the following topics.

FACTOR MARKET

DEMAND FOR A FACTOR

LABOR MARKET

INCOME INEQUALITIES

FINANCIAL CAPITAL MARKET

EXTERNALITIES

PUBLIC GOODS

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