Kazakh labour market презентация

Testing Previous Knowledge 29/03/2017 Sonali The concepts/terms learnt: Factors of production Factor Incomes Derived demand Employer/ Firm

Слайд 1Unit: 11.4A
29/03/2017
Sonali
FACTOR MARKETS
Lesson 1
WEEK 1


Слайд 2Testing Previous Knowledge
29/03/2017
Sonali
The concepts/terms learnt:
Factors of production
Factor Incomes
Derived demand
Employer/ Firm




Слайд 3Lesson Objectives
29/03/2017
Sonali
The students will be able to
Understand the nature of factors

of production
Analyse the incomes earned by factors of production.




Слайд 429/03/2017
Sonali
Activity 1
(5.51 min)


Слайд 5Class Discussion
29/03/2017
Sonali
Nature of Factors of Production.
Income earned by each factor


Слайд 6Reflection
29/03/2017
Sonali
1. What did you learn today?
2. Where are you going to

use the information you learnt today?

Слайд 7Unit: 11.4A
29/03/2017
Sonali
LABOUR MARKET
Lesson 2-3
WEEK 1


Слайд 8Lesson Objectives
29/03/2017
Sonali
The students will be able to
Explain the peculiarity of resource

markets, particularly the labour market
Apply to real world situation.





Слайд 9Group Division
GROUP 1:




GROUP 2:





GROUP 3:


GROUP 4:


KAZAKH LABOUR MARKET
MINING


Слайд 10Activity 2-Critical Thinking
(25 min)
GROUP WORK- PRESENTATION :
GROUP DISCUSSION
Preparation Time: 10

min
Presentation: 15 min

Табыс критерийлері:

ASSESSMENT
(CRITERIA)


Evaluate the present scenario about the type of labour market given to you.


Слайд 11Class Discussion
29/03/2017
Sonali
Nature of Kazakhstan’s Labour markets


Слайд 12Reflection
What did you learn today ?
Чему вы

научились сегодня?






Слайд 13Unit: 11.4A-2
29/03/2017
Sonali
Demand & Supply of labour
WEEK 2
Lesson 4-6


Слайд 14Lesson Objectives
29/03/2017
Sonali
The students will be able to
Analyse the factors affecting the

demand for labour.
Analyse the factors affecting the supply of labour.
Explain with the help of a diagram how wage is
determined.
Apply to real world situation.





Слайд 1529/03/2017
Sonali


Слайд 16Labour Force/Supply
29/03/2017
Sonali


Слайд 17Demand for Labour
29/03/2017
Sonali
Labour demand is a derived demand
The demand for

an additional amount of labour depends on the Marginal Revenue product (MRP) and Marginal cost (MC) of the worker.
MRP = MPP X P

MRP > MC , then the firm will employ the worker since it will increase profit.

The firm only employs up to the point where MRP=MC

Demand for Doctors > Demand for cleaner
Demand for Doctors is inelastic as there is a high demand for doctor


Слайд 1829/03/2017
Sonali


Слайд 1929/03/2017
Sonali
Supply for Labour
Labour force

Population of working age

Participation rate =

unemployment rate =

unemployment

Labour force

Employment rate =

number of people currently employed

population of working age

The total number of hours that labour is willing and able to supply at a given wage rate.

Substitution effect of a rise in wages: E to F
Workers will tend to substitute income for leisure as leisure now has a higher opportunity cost. This effect leads to more hours being worked as wages rise

Income effect of a rise in wages: F to G
This occurs when an increase in wages causes workers to work fewer hours. This is because workers can get a higher income by working less hours. Therefore they may work less.

The Supply curve for Labour tends to be upwardly sloping


Слайд 20WAGE RATE DETERMINATION
29/03/2017
Sonali
Equilibrium Wage Rate
Demand for Labour = Supply of

Labour

New Equilibrium Wage Rate
Demand for Labour = New Supply of Labour
(Wage rate decrease)


Слайд 21Changes in equilibrium Wage rate
29/03/2017
Sonali


Слайд 22Elasticity of Demand and Supply of labour
29/03/2017
Sonali
ELASTIC
INELASTIC


Слайд 2329/03/2017
Sonali


Слайд 24Reflection
What did you learn today ?
How are you going to

transfer this knowledge to next level?






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