中级微观经济学 Fall 2004 复习
中级微观经济学 Fall, 2004 复习
Mission of economists Gary Becker: believe that the main purpose of economICs Is to understand and help to alleviate poverty 3 Who are the poor? How can one help?
Mission of Economists Gary Becker: “I believe that the main purpose of economics is to understand and help to alleviate poverty” Who are the poor? How can one help?
Minimum Wage Symptom: Wages low for migrants and unskilled workers Minimum wage law makes the firms less willing to hire migrants and unskilled workers. Unemployment may rise
Minimum Wage Symptom: Wages low for migrants and unskilled workers Minimum wage law makes the firms less willing to hire migrants and unskilled workers. Unemployment may rise
Anti-Discrimination Women are more likely poor because they do not receive equal pay Equal pay law makes women more expensive, thus reduces jobs availlable to them
Anti-Discrimination Women are more likely poor because they do not receive equal pay Equal pay law makes women more expensive, thus reduces jobs available to them
Rent control The poor spend too much money on housing Rent control will reduce the incentive for landlords to upkeep and repair the apartments, and reduce the supply of apartments for rent
Rent Control The poor spend too much money on housing Rent control will reduce the incentive for landlords to upkeep and repair the apartments, and reduce the supply of apartments for rent