ECON 1115 Lecture Notes - Lecture 14: Temporary Work, Unemployment Benefits, Walmart
9 Oct 2015
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Econ 1115 lecture 14 quiz and discussion. The students had a 30-minutes quiz online which was followed by a small discussion. The following points were discussed based on the quiz questions: salary calculation after certain time period, price index for a particular year based on the previous pattern in price index. Inflation between years based on the price index: mit licenses its produce to outside. The products produced are by the students but they get only grades not monetary gain: definition of human capital: A measure of the economic value of an employee"s skill set. The concept of human capital recognizes that not all labour is equal and that the quality of employees can be improved by investing in them: ppc graph shift. Japan is ageing really fast as per statistics. We had received a real gdp growth of 3% in previous class. If we graph 2011 to 2017 every year calculated, we can see the rate increasing.
