Kazakh labour market

Содержание

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Testing Previous Knowledge 29/03/2017 Sonali The concepts/terms learnt: Factors of production

Testing Previous Knowledge

29/03/2017

Sonali

The concepts/terms learnt:
Factors of production
Factor Incomes
Derived demand
Employer/ Firm

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Lesson Objectives 29/03/2017 Sonali The students will be able to Understand

Lesson 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.
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29/03/2017 Sonali Activity 1 (5.51 min)

29/03/2017

Sonali

Activity 1

(5.51 min)

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

Class Discussion

29/03/2017

Sonali

Nature of Factors of Production.
Income earned by each factor

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Reflection 29/03/2017 Sonali 1. What did you learn today? 2. Where

Reflection

29/03/2017

Sonali

1. What did you learn today?
2. Where are you going to

use the information you learnt today?
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Unit: 11.4A 29/03/2017 Sonali LABOUR MARKET Lesson 2-3 WEEK 1

Unit: 11.4A

29/03/2017

Sonali

LABOUR MARKET
Lesson 2-3

WEEK 1

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Lesson Objectives 29/03/2017 Sonali The students will be able to Explain

Lesson Objectives

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Sonali

The students will be able to
Explain the peculiarity of resource

markets, particularly the labour market
Apply to real world situation.
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Group Division GROUP 1: GROUP 2: GROUP 3: GROUP 4: KAZAKH LABOUR MARKET MINING

Group Division

GROUP 1:

GROUP 2:

GROUP 3:

GROUP 4:

KAZAKH LABOUR MARKET

MINING

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Activity 2-Critical Thinking (25 min) GROUP WORK- PRESENTATION : GROUP DISCUSSION

Activity 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.

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

Class Discussion

29/03/2017

Sonali

Nature of Kazakhstan’s Labour markets

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Reflection What did you learn today ? Чему вы научились сегодня?

Reflection

What did you learn today ?
Чему вы научились сегодня?

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

Unit: 11.4A-2

29/03/2017

Sonali

Demand & Supply of labour

WEEK 2

Lesson 4-6

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Lesson Objectives 29/03/2017 Sonali The students will be able to Analyse

Lesson 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.
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Sonali

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Labour Force/Supply 29/03/2017 Sonali

Labour Force/Supply

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Sonali

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

Demand for Labour

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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

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Sonali

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29/03/2017 Sonali Supply for Labour Labour force Population of working age

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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

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WAGE RATE DETERMINATION 29/03/2017 Sonali Equilibrium Wage Rate Demand for Labour

WAGE RATE DETERMINATION

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Sonali

Equilibrium Wage Rate
Demand for Labour = Supply of

Labour

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

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Changes in equilibrium Wage rate 29/03/2017 Sonali

Changes in equilibrium Wage rate

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Sonali

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

Elasticity of Demand and Supply of labour

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Sonali

ELASTIC

INELASTIC

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