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Home » Theme 02: Nature and Functions of Organizations and Institutions in an Economy , Theme 04: The individual as Producer Consumer and Borrower , Topic 19: Incomes »

Topic 19: Incomes

Saturday, December 01, 2012

Content

A) Personal Income

Money Income and Real Income
Types of Personal Income
The Distribution of Household Income
Income and Wealth
Marketable Wealth
The Distribution Household of Wealth

B) Wages

Meaning
Types of Wages

C) Wage Differentials

Meaning
Demand for Labour
Supply of Labour
Equilibrium Wage Rate
Backward Bending Supply Curve of Labour
Wage Differentials within an Occupation
Wage Differentials between Occupations
Wage Differentials between Sectors
Mobility of Labour and Wage Differentials

D) Trade Unions

Aims
Types
Claiming for Higher Wages
How Trade Unions raise wages
Government and Wages
Transfer Earnings and Economic Rent

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Labels: Theme 02: Nature and Functions of Organizations and Institutions in an Economy, Theme 04: The individual as Producer Consumer and Borrower, Topic 19: Incomes

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Theme 01: Basic Economic Problem; Scarcity and Exercise of Choice (19)
Theme 01: Basic economic problem: choice and the allocation of resources (1)
Theme 02: Nature and Functions of Organizations and Institutions in an Economy (9)
Theme 03: How the Market Works (53)
Theme 04: The individual as Producer Consumer and Borrower (20)
Theme 05: The Private Firm as Producer and Employer (16)
Theme 06: Role of Government in an Economy (14)
Theme 07: Main Economic indicators; Recent Changes and Trends and their Consequences (45)
Theme 08: Developed and Developing Economies: Trends in Population and in Living Standards (33)
Theme 09: International Aspects of Interdependence and Possible Conflicts (25)

O/L Topical Materials

Topic 01: Introduction to Economics (32)
Topic 02: Economic Resources (25)
Topic 03: Economic Systems (17)
Topic 04: Consumer Spending Saving and Borrowing (12)
Topic 05: Production and Productivity (10)
Topic 06: Cost and Revenue (16)
Topic 07: Distribution (3)
Topic 08: Size of Firms (29)
Topic 09: Population (17)
Topic 10: Demand and Supply (40)
Topic 11: Elasticity of Demand and Supply (17)
Topic 12: Types of Business Organizations (23)
Topic 13: Market Structures (20)
Topic 14: The Location of Industry (7)
Topic 15: Money and Banking (14)
Topic 16: Business Finance (6)
Topic 17: Inflation (22)
Topic 18: Unemployment (12)
Topic 19: Incomes (23)
Topic 20: The Income and Expenditure of the Government (24)
Topic 21: International Trade (14)
Topic 22: The Balance of Payments and the Rate of Exchange (30)
Topic 23: The National Economy (25)
Topic 24: Economic Development (33)

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MCQ: June 2011 (2)
MCQ: June 2012 (41)
MCQ: November 2010 (7)
MCQ: November 2012 (43)
November 2010 (38)

A/L Unit 1: Comparative Markets

1.1 What is the nature of economics? (2)
1.2 What determines the demand for a good or service in a market? (1)
1.3 What determines the supply of a good or service in a market? (1)
1.4 What determines the price of a good or service in a market? (1)
1.5 How might the change in price of a good or service be explained? (1)
1.6 What determines the wage rate for labour in a market? (1)
1.7 Why do some markets fail? (1)
1.8 How do governments attempt to correct market failure? (1)
1.9 What is government failure? (1)

A/L Unit 2: Managing the Economy

2.1 How do we measure the economic performance of developed and developing countries? (1)
2.2 Is income the same as wealth? (1)
2.3 What is aggregate demand (AD)? (1)
2.4 What is aggregate supply (AS)? (1)
2.5 What determines the price level and equilibrium level of real output? (1)
2.6 What are the causes costs and constraints on economic growth? (1)
2.7 What are the macroeconomic objectives of governments? Do they conflict? (1)
2.8 What are the main macroeconomic policy instruments? (1)
2.9 Do macroeconomic policies conflict when they are used together? (1)

A/L Unit 3: Business Economics

3.1 What objectives do firms have? (1)
3.10 How does the threat of competition affect a firm’s behavior? (1)
3.11 Why does the government intervene in markets to maintain competition? (1)
3.2 Why do firms grow? (1)
3.3 How can we calculate the revenue of a firm? (1)
3.4 How can we calculate the costs of a firm? (1)
3.5 What is meant by efficiency? (1)
3.6 What is meant by profit? (1)
3.7 What barriers exist to firms entering and leaving markets? (1)
3.8 What do we mean by market concentration? (1)
3.9 What determines the behaviour of firms? (1)

A/L Unit 4: The Global Economy

4.1 What are the causes and effects of globalization? (1)
4.2 Why trade? (1)
4.3 How is international trade recorded and financed? (1)
4.4 How does a country compete? (1)
4.5 What is poverty and inequality in developed and developing countries? (3)
4.6 What are the limits to growth and development in developed and developing countries? (1)
4.7 What is the role of the state in promoting growth and development? (1)
4.8 What other measures can be used to promote growth and development? (1)

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