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Economicsof Discrimination

by: Amaya Reilly

Economicsof Discrimination ECON 248

Amaya Reilly
GPA 3.57

Keith Bender

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Keith Bender
Class Notes
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This 1 page Class Notes was uploaded by Amaya Reilly on Tuesday October 27, 2015. The Class Notes belongs to ECON 248 at University of Wisconsin - Milwaukee taught by Keith Bender in Fall. Since its upload, it has received 24 views. For similar materials see /class/230288/econ-248-university-of-wisconsin-milwaukee in Economcs at University of Wisconsin - Milwaukee.


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Date Created: 10/27/15
Economics of Poverty and Discrimination Econ 248 Professor Keith Bender List of Important Terms and Concepts for the Neoclassical Theory of Economics Neoclassical Terms Basic Neoclassical terms Neoclassical Labor Market terms Opportunity Cost Derived demand Perfect competition Marginal productivity Markets Marginal revenue product Law of Dem and or Supply Diminishing Marginal Productivity Change in Quantity Demanded or Supplied Law of Labor Demand or Labor Supply Change in Demand or Supply Substitution effect in labor supply Complementary goods Income effect in labor supply Substitute goods Rate of time preference Equilibrium Household production Excess Demand or Supply General human capital Economic Efficiency vs Equity Firmjob specific human capital Tariff Compensating differentials Externalities Structural unemployment Cyclical unemployment Frictional unemployment Seasonal unemployment Sticky wages Neoclassical Discrimination Terms Taste for discrimination Consumer Employer Employee discrimination Occupational segregation Statistical discrimination Prem arket discrimination Affirmative Action Comparable worth Political Economy Terms Basic Political Economy terms Work and Wages terms Context Labor theory of value Collective behavior Labor vs labor power Conflicting interests Fairness in wage setting Change Family wage Class Racial Gender conflict Jobs with Wives Labor Societal Household Surplus Social wage Exploitation Exclusion Domination Cost of job loss Ideology of unemplo ment PE Discrimination terms Simple technical and bureaucratic labor control Institutional discrimination Labor market segmentation Divide and conquer techniques Classstruggle effects Job competition effects Organizational adaptation Short run costs of stopping discrimination Long run costs of stopping discrimination


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