tailieunhanh - Bài giảng Kinh tế học vĩ mô: Lý thuyết và ứng dụng chính sách - Bài giảng 5

Bài giảng Kinh tế học vĩ mô: Lý thuyết và ứng dụng chính sách - Bài giảng 5: Nền kinh tế thực. Nội dung trình bày trong bài này gồm có: What determines the total production of goods and services? the decisions facing a competitive firm, the marginal product of labor, from the marginal product of labor to labor demand | Bài giảng Kinh tế học vĩ mô Lý thuyết và ứng dụng chính sách - Bài giảng 5 BÀI GIẢNG 5 NỀN KINH TẾ THỰC ĐỖ THIÊN ANH TUẤN TRƯỜNG CHÍNH SÁCH CÔNG VÀ QUẢN LÝ ĐẠI HỌC FULBRIGHT VIỆT NAM 1 A large income is the best recipe for happiness I ever heard of. Jane Austen GDP BY INDUSTRIAL ORIGIN AT CURRENT MARKET PRICES VND BILLION 2017 2018 2017 2018 100 100 Agriculture forestry and fishing 15 15 Mining and quarrying 7 7 Manufacturing 15 16 Electricity gas steam and air-conditioning supply 4 5 Water supply sewerage waste management and remediation activities 1 1 Construction 6 6 Wholesale and retail trade repair of motor vehicles and motorcycles 11 11 Accommodation and food service activities 4 4 Transportation and storage 3 3 Information and communication 1 1 Financial and insurance activities 5 5 Real estate activitiesb 5 5 Professional scientific and technical activitiesb 1 1 Administrative and support service activitiesb 0 0 Public administration and defense compulsory social security 3 3 Education 4 4 Human health and social work activities 3 3 Arts entertainment and recreation 1 1 Other service activities 2 2 Activities of households as employers undifferentiated goods- and 2 services-producing activities of households for own use 0 0 Gross value added at basic prices 90 90 Plus Taxes less subsidies on production and imports 10 10 WHAT DETERMINES THE TOTAL PRODUCTION OF GOODS AND SERVICES Factors of production are the inputs used to produce goods and services. The two most important factors of production are capital and labor. Y F K L Many production functions have a property called constant returns to scale. A .