macroeconomics is the study of the economy as a whole; it focuses on issues such as how total output, total employment, and the overall price level are determined. These economy-wide variables are based on the interaction of many households and many firms; therefore, microeconomics forms the basis for macroeconomics. 2. Economists build models as a means of summarizing the relationships among economic variables. Models are useful because they abstract from the many details in the economy and allow one to focus
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oppor tunity cost See how to use marginal reasoning when making decisions TEN OF PRINCIPLES ECONOMICS Discuss how incentives af fect people’s behavior The word economy comes from the Greek word for “one who manages a household.” At first, this origin might seem peculiar. But, in fact, households and economies have much in common. A household faces many decisions. It must decide which members of the household do which tasks and what each member gets in return: Who cooks dinner? Who
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THE ECONOMIC DIMENSIONS OF GLOBALIZATION CHAPTER 2 Chapter 2 The economic dimensions of globalization While the globalization process is a complex and multidimensional phenomenon, some of its most visible and influential aspects are economic in nature. This chapter contains an analysis, from a global standpoint, of major trends in trade, investment, finance, macroeconomic regimes and international labour mobility. This analysis covers a long period in history, from the last quarter of the
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legal rules and their expected consequences (notably, victims’ costs and benefits of lodging complaints) is a crucial element of an effective policy strategy to establish a culture of equal treatment. Moreover, legal rules are likely to have more impact if the enforcement is not exclusively dependent on individuals. In this respect, specific agencies may play a key role. 139 3. THE PRICE OF PREJUDICE: LABOUR MARKET DISCRIMINATION ON THE GROUNDS OF GENDER AND ETHNICITY Introduction Employment
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HISTORY SUMMARY 1865-19901865-1900In the years following the Civil War the United States was transformed by the enormous growth of industry. Once, the United States was mainly a nation of small farms. By 1900, it was a nation of growing cities, of coal, steel, and of engines and fast communications. Though living standards generally rose, millions of industrial workers lived in crowded, unsanitary slums.In the north, industrial violence was common and occurred on numerous occasions. The most violent
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International Journal of Academic Research in Business and Social Sciences October 2012, Vol. 2, No. 10 ISSN: 2222-6990 The Impact of Employment of Foreign Workers: Local Employability and Trade Union Roles in Malaysia Ramesh Kumar Moona Haji Mohamed (PhD Candidate), School of Distance Education, 11800,Universiti Sains Malaysia Email: rameshk@utar.edu.my Charles Ramendran SPR Faculty of Business & Finance, UTAR Email: charlesr@utar.edu.my Peter Yacob Faculty of Business & Finance
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Salary and Wages in Malaysia by Rohayu Abd. Ghani Rasidah Arshad Fazli Idris Rozhan Othman Noreha Halid June M.L. Poon Ayu Trisna University Kebangsaaan Malaysia, Bangi, Selangor This paper discusses the compensation practices in Malaysia against the backdrop of the legal framework for wage and salary deterinatio n. It also exa mines the Malay sian labo ur mark et situation a nd trends in salary and wage administration together with the role of unions in compensation determination. INTRODUCTION
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Susan Walsh Sanderson Lally School of Management Rensselaer Polytechnic Institute Troy, New York 12180 Phone: 518-276-2933 Fax: 518-276-8661 Email:sandes@rpi.edu May, 2008 CURRENT POSITION ASSOCIATE PROFESSOR (with tenure). School of Management Rensselaer Polytechnic Institute, Affiliate of Sloan Foundation Industry Studies Centers Major Interests: • Innovation Management • Product Design, Marketing and Brand Management • Innovative Teaching Approaches (Multimedia Enhanced on campus and Distance
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Chapter-03.qxd 11/12/2004 2:51 PM Page 55 3 Finding and formulating your topic CHAPTER CONCEPTS ● MISCONCEPTIONS ABOUT TOPICS ● WHAT IS A TOPIC? ● TOPICS AS PUZZLES ● PUZZLES AS RIDDLES TO BE UNRIDDLED ● BASIC ADVICE ON RESEARCH TOPICS ● THE EARLIER THE BETTER ● GO FROM THE GENERAL TO THE PARTICULAR ● AVOID POLITICIZED TOPICS ● BE CAREFUL WITH PERSONAL ISSUES ● FIND THE LINE OF LEAST RESISTANCE BETWEEN A AND B ● AIRING YOUR TOPIC ● SOURCES FOR GENERATING IDEAS ● ANALYSING THE POSSIBILITIES
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Shortage of Skilled Employees TABLE OF COnTEnTS: 3 Is There an Impending Skills Shortage? 5 Examining the Causes of Skilled Labor Shortages 7 Strategies for Attracting, Retaining, and Growing a Skilled Workforce 10 Conclusion 11 Endnotes As the U.S. economy slowly recovers from the 2007-2009 recession, many organizations are shifting focus from managing short-term workforce needs to more strategic, long-term workforce planning. Factors that play a role include the growing number of retirement-ready employees
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