Key takeaways
Understand that the demand for labour is derived from the demand for good.
Understand that the demand for labour is determined by the marginal physical product.
Understand what causes shifts in the demand curve for labour.
Host: I have taught Economics for the last 27 years, since completing my PGCSE in Business Education at Sheffield Hallam University. I have been a heard of department for the last 20 years and have worked as an examiner for AQA.Firms will demand labour only if that extra worker can increase the firms profits. In this lesson, students will learn how the demand for labour is derived from the marginal physical product of labour. Students will also gain a better understanding of what causes shifts in the demand curve for labour. This class is aimed at students in Years 12 and 13 who want to feel confident in understanding the demand for labour!
Try these classes next: A2 Economics: The Supply of Labour, AS Economics: The Demand Curve, Cost, Revenue and Profit
Safeguarding reminder:The safety of your child is of the utmost importance. All of our classes are pre-recorded to remove any concerns around live participation. For reruns of our past live classes, students' webcams and microphones were disabled and only the chat history, if participation was requested, is visible.
Suitable for:
This class is suitable for students in Years 12 and 13.
Class requirements:
You will need a laptop or device with internet connection to watch the class, as well as a pen and notepad for taking notes.
What to expect:
- This class will take place online via a Zoom webinar.
- For live classes, please arrive promptly. Students' cameras and microphones are disabled by default.
- For on demand classes, students will be watching a recording of a previous live class.
- Once you have signed up, you will be taken to your dashboard where you can view details of the class, and re-watch it in the future.
- Students will be sent confirmation of the class to their email address if provided.