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Human resource management

Krugman AP Macroeconomics Chapter 13

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Chapter 13: The Causes and Categories of Unemployment ? -The three different types of unemployment and their causes -The factors that determine the natural rate of unemployment ? 1. Frictional Unemployment: unemployment due to the time workers spend in job search Somewhat inevitable- frictional unemployment doesn?t mean that there is a surplus of labor Constant process of job creation and job destruction New workers are always entering the labor market Limited amount is relatively harmless and may be a good thing Short duration of unemployment Job search: Workers who spend time looking for employment/ if all workers and all jobs were alike job search wouldn?t be necessary 2. Structural Unemployment:

Krugman AP Macroeconomics Chapter 12

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Chapter 12: The Meaning and Calculation of Unemployment ? -How unemployment is measured -How the unemployment rate is calculated -The significance of the unemployment rate for the economy -The relationship between the unemployment rate and economic growth ? Employed: people who currently hold a job in the economy, either full time or part time/ only if you have a job Unemployed: people who are actively looking for work but aren?t currently employed Limitations: Retired people Disabled Hasn?t actively searched for a Job in the last 4 weeks Discouraged workers Marginally attached workers Underemployed U.S. Census Bureau monthly survey called the Current Population Survey: interviewing a random sample of 60,000 American families

Krugman AP Macroeconomics Chapter 13

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Chapter 13: The Causes and Categories of Unemployment ? -The three different types of unemployment and their causes -The factors that determine the natural rate of unemployment ? 1. Frictional Unemployment: unemployment due to the time workers spend in job search Somewhat inevitable- frictional unemployment doesn?t mean that there is a surplus of labor Constant process of job creation and job destruction New workers are always entering the labor market Limited amount is relatively harmless and may be a good thing Short duration of unemployment Job search: Workers who spend time looking for employment/ if all workers and all jobs were alike job search wouldn?t be necessary 2. Structural Unemployment:

Krugman AP Macroeconomics Chapter 12

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Chapter 12: The Meaning and Calculation of Unemployment ? -How unemployment is measured -How the unemployment rate is calculated -The significance of the unemployment rate for the economy -The relationship between the unemployment rate and economic growth ? Employed: people who currently hold a job in the economy, either full time or part time/ only if you have a job Unemployed: people who are actively looking for work but aren?t currently employed Limitations: Retired people Disabled Hasn?t actively searched for a Job in the last 4 weeks Discouraged workers Marginally attached workers Underemployed U.S. Census Bureau monthly survey called the Current Population Survey: interviewing a random sample of 60,000 American families

History from 1877-1900

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1877-1900 Highlights of Chapters 17, 18, & 19 Major themes: The expansion of industrial capitalism & labor in the Age of Enterprise the changing industrial city immigration, factories, & the political machine The Gilded Age Industrial Capitalism Triumphant: early factories produced consumer goods and then gradually, capital goods began to drive America?s industrial economy during this ?Age of Steel,? the Age of Invention, or the Machine Age steel making was revolutionized: the Bessemer process (Henry Bessemer)--the process of refining raw pig iron & making steel; Andrew Carnegie was the first American to fully exploit Bessemer?s invention by erecting a steel mill outside Pittsburgh, PA

A People and a Nation Chapter 18 Study Guide

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The Incandescent Light Bulb Invented by Thomas Edison in 1878 Provided a cheap, inefficient means of indoor lighting Used a vacuum and tungsten wire to prevent the filament from burning when an electric current passed through it Edison also devised a system of power generation and distribution improved dynamo and parallel circuit of wires provided electricity conveniently to a large number of customers Edison acted as his own publicist in 1880 at Christmas Edison illuminated Menlo Park with 40 incandescent bulbs in 1882 he built a power plant that could light 85 buildings in Wall Street Led to a boom in the electrical industry The Theory of Scientific Management attempted to increase production by timing workers? tasks and suggest ways to speed up their performance

Minimum Wage

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Minimum Wage Nathan Yu ENGLISH LANGUAGE AND COMPOSITION SECTION II Question 1 (Suggested time?40 minutes. This question counts for one-third of the total essay section score.) Minimum Wage has been a highly controversial topic for many years. Supporters argue that it is necessary in that minimum wage provides more to workers, allowing them to live better lives. Others argue that minimum wage may provide temporary benefits, it only causes harm to the economy as it causes inflation and unemployment.
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