Simple human capital model, Microeconomics

Assignment Help:

Question 1:

i) Use a simple human capital model to explain the rationale for undertaking higher education.

ii) Why do some people vary significantly in the amounts of human capital which they acquire? For instance, why is  Jack a high school dropout,  Sam a high school graduate and Richard a Ph.D?

Question 2:

Write short notes on any three of the following.

i)  The structure-conduct-performance (SCP) paradigm
ii)  Harberger's (1954) welfare loss estimates
iii)  Hannah and Kay (1977) axioms 
iv)  Female participation rates


Related Discussions:- Simple human capital model

What is utility maximization according to consumer behavior, What is utilit...

What is utility maximization according to consumer behavior? Consumer Behavior: Utility Maximization A foundational hypothesis onto individual behavior within modern econ

Aggregate supply curve for entire economy, 1. Explain how the aggregate sup...

1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a

Distinguish between interventionist and market-led strategy, Distinguish be...

Distinguish between interventionist and market-led strategies of development. Explanation of interventionist strategy; heavy government involvement in the planning of output, p

Demand pull inflation and cost-push inflation, Demand Pull Inflation and Co...

Demand Pull Inflation and Cost-Push Inflation: Demand Pull Inflation: It describes a sustained increase in the general price level that is caused by a permanent increase in n

Labor Economics, What is Nancy’s lifetime income as a function of her level...

What is Nancy’s lifetime income as a function of her level of schooling, S? 2. What is Nancy’s lifetime income if she gets no schooling? What is it if she goes to school for all 60

Structure of marginal cost, "Consider a market with n firms occupied in Ber...

"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost

What do you mean by externality, Q. What do you mean by Externality? An...

Q. What do you mean by Externality? An externality exists when the actions of one individual affect the wellbeing of other individuals without any compensation taking place. F

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd