Teacher's Notes
Theme:
The labor market is highly competitive.Sub-theme:
The bargaining power of labor is enhanced in three principal ways: via unions, education, and "welfare state" legislation.Concepts:
- perfect competition
- market-clearing price
- productivity
- labor market
Performance objectives -- this lesson focuses on developing skills at:
- Reading and manipulating graphic representations of economic data
- Making generalizations based on economic principles
- Interpreting a classic statement on labor competition
| Reading | Activities | Further Investigations | Economic Studies Index |