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Labour and Financial Markets

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Introduction to Labor and Financial Markets

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Equilibrium in the Labor Market

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3

Shifts in Labor Demand

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4

Shifts in Labor Supply

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Technology and Wage Inequality: The Four-step Process

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Price Floors in the Labor Market: Living Wages and Minimum Wages

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7

The Minimum Wage As An Example of a Price Floor

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8

Key Concepts and Summary

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9

Demand and Supply in Financial Markets

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Who Demands and Who Supplies in Financial Markets?

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11

Equilibrium in Financial Markets

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12

Shifts in Demand and Supply in Financial Markets

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The United States As a Global Borrower

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Price Ceilings in Financial Markets: Usury Laws

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15

Key Concepts and Summary

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The Market System As An Efficient Mechanism For Information

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17

Key Concepts and Summary

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