In economics, a backward-bending supply curve of labour, or backward-bending labour supply curve, is a graphical device showing a situation in which as real (inflation-corrected) wages increase beyond a certain level, people will substitute time previously devoted for paid work for leisure (non-paid time) and so higher wages lead to a decrease in the labour supply and so less labour-time being offered for sale. The "labour-leisure" tradeoff is the tradeoff faced by wage-earning human beings between the amount of time spent engaged in wage-paying work (assumed to be unpleasant) and satisfaction-generating unpaid time, which allows participation in "leisure" activities and the use of time to do necessary self-maintenance, such as sleep. The key to the tradeoff is a comparison between the wage received from each hour of working and the amount of satisfaction generated by the use of unpaid time.labour supply is the total number of hours that workers to work at a given wage rate. Such a comparison generally means that a higher wage entices people to spend more time working for pay; the substitution effect implies a positively sloped labour supply curve. However, the backward-bending labour supply curve occurs when an even higher wage actually entices people to work less and consume more leisure or unpaid time. (Wikipedia).
Understanding Stresses in Beams
In this video we explore bending and shear stresses in beams. A bending moment is the resultant of bending stresses, which are normal stresses acting perpendicular to the beam cross-section. We can easily derive an equation for these bending stresses by observing how a beam deforms for a c
From playlist Mechanics of Materials / Strength of Materials
Mechanical Engineering: Internal Forces on Beams (5 of 27) Bending Moments Explained
Visit http://ilectureonline.com for more math and science lectures! In this video I will explain the bending moments caused by a load on a beam. Next video in this series can be seen at: https://youtu.be/eqdgEqXrSt4
From playlist MECHANICAL ENGINEERING 9 INTERNAL FORCES ON BEAMS
Mod-01 Lec-13 Birth of political economy: mercantilism
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
15. Input Markets I—Labor Market
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers factor markets, the markets that set th
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Lec 7 | MIT 14.01SC Principles of Microeconomics
Lecture 7: Applying Consumer Theory: Labor Supply Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
Bending Moment Diagram Example | Statics
https://goo.gl/uSzOb6 for more FREE video tutorials covering Engineering Mechanics (Statics & Dynamics) The objective of this video is to develop bending moment diagram from the free body diagram and method of section. At first, the video shows the same exemplary beam overviewed in previo
From playlist SpoonFeedMe: Engineering Mechanics (Statics & Dynamics)
Mod-01 Lec-19 Ricardo-Malthus debate
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
Visualization of Torques (Moments)
This video demonstrates the concept of Torque, a.k.a. Moment or Moment of force. Visit my homepage, https://www.udiprod.com/, or read about my latest book http://www.zutopedia.com Here are some notes: 1) Torques are often mentioned in context of engine power and transmission gears. Engi
From playlist Animated Physics Simulations
16. Input Markets II—Labor and Capital
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture continues to explore factor markets, using min
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
https://goo.gl/4DsoAG for more FREE video tutorials covering Engineering Mechanics (Statics & Dynamics) The objectives of this video are to discuss engineering strain followed by a brief workout on finding strain in a given exemplary column. Basically, the engineering strain can be define
From playlist SpoonFeedMe: Engineering Mechanics (Statics & Dynamics)
Axial, Shear and Bending Diagrams | Statics
https://goo.gl/a4d0ct for more FREE video tutorials covering Engineering Mechanics (Statics & Dynamics) The objectives of this video are to clear the concept on axial, shear and bending moments followed by a brief introduction to axial, shear and bending diagram. The video starts up by qu
From playlist SpoonFeedMe: Engineering Mechanics (Statics & Dynamics)
Solve ANY Torque Problem!! (Physics)
#Physics #Science #Torque #Math #NicholasGKK #Shorts
From playlist General Mechanics
Physics - Mechanics: Ch 15 Torque Fundamentals (9 of 13) How to Calculate a Torque (Basic Example 3)
Visit http://ilectureonline.com for more math and science lectures! In this video I will calculate the torque of an inclined (angle=60 degrees) rod of L=2m when a force=100N is applied at L/2. Next video can be seen at: https://youtu.be/btECyawmEkI
From playlist PHYSICS 15 TORQUE
Can You Determine The DISTANCE To The Lever Arm?!? #Mechanical #Engineering #Physics #Torque #NicholasGKK #Shorts
From playlist Mechanical Engineering
Phillips curve | Inflation - measuring the cost of living | Macroeconomics | Khan Academy
The observation that inflation and unemployment tend to be inversely correlated Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/aggregate-supply-demand-topic/aggregate-supply-demand-tut/v/aggregate-demand?utm_source=YT&utm_medium=Desc&utm_campaig
From playlist Long-run consequences of stabilization policies | AP Macroeconomics | Khan Academy
From playlist Courses and Series
ETH Lecture 10. Economic Dynamics: Production Functions (24/11/2011)
Course: Systems Dynamics and Complexity (Fall 2011) from ETH Zurich. Source: http://www.video.ethz.ch/lectures/d-mtec/2011/autumn/351-0541-00L.html
From playlist ETH Zürich: Systems Dynamics and Complexity (Fall 2011) | CosmoLearning Mathematics
Producer surplus | Consumer and producer surplus | Microeconomics | Khan Academy
Looking at the supply curve as an opportunity cost curve. Understanding the producer surplus as the area between the supply curve and the market price Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/deadweight-loss-tutor
From playlist Supply, demand, and market equilibrium | AP Microeconomics | Khan Academy
W: weight of the load P: pulling force for moving up the load. Mechanical advantage: 4
From playlist Mechanisms
Unit 6 - income inequality part 1
From playlist Courses and Series