ECO 2111 Lecture Notes - Lecture 6: Opportunity Cost, Excess Supply, Type I And Type Ii Errors

• School: University of Ottawa
• Department: Economics
• Course: ECO 2111
• Professor: Claude Théorêt

Document Summary

From 1976 proportion of female was more than 50% Women play an important role in every economy. To u(cid:374)dersta(cid:374)d ho(cid:449) the (cid:449)orld (cid:449)orks, (cid:449)e (cid:374)eed to u(cid:374)dersta(cid:374)d (cid:449)o(cid:373)e(cid:374)"s issues. Need to u(cid:374)dersta(cid:374)d (cid:449)o(cid:373)e(cid:374)"s (cid:272)o(cid:374)tri(cid:271)utio(cid:374)s a(cid:374)d e(cid:454)perie(cid:374)(cid:272)es. Female problems differ from those of men. The (cid:374)eed to u(cid:374)dersta(cid:374)d (cid:449)o(cid:373)e(cid:374)"s issues i(cid:374) e(cid:272)o(cid:374)o(cid:373)i(cid:272) out(cid:272)o(cid:373)es. More than just two choices (variables) to make: time is divided into several activities. In econ, total time is divided between leisure time and work hours: concerns only men. Women are under represented in the work place. Why do men dominate: men are more industries, women contribute less. Natural barriers faced by women: maternity leave. Labour force participation has increased for women over the years: still a gender gap however, less stay at home moms, fertility rate decrease, increase in family income. Income on average has increased couples has less kids.