knowledge
Incomes and welfare including health insurance and retirement plans influence people’s decisions on their occupations.
application
Do research and list the welfare of new employees of government departments, companies, and non-governmental organizations. Figure out the factors that affect new employees’ choices on welfare.
knowledge
When looking for a suitable job or career, people consider more than income. Other factors, such as job satisfaction, degrees of freedom, risks, the balance between job and family, and the work place, are also important concerns.
application
Communicate with or interview people of different occupations and find out the non-income factors that affect people’s decisions on occupations.
knowledge
People make different decisions on whether to receive more education and training because of the gap between the cost right now and the possible income in the future. If people discount the future benefits, they will find that more education and training result in more return.
application
Explain how people in labor market change their minds on whether to further their study and receive training because of future factors. Explain how high school graduates gain more benefits by entering universities and elaborate how these benefits affect their decisions on further education.
knowledge
By analyzing different choices, people become more rational when making decisions on training, education, work and career.
application
Compare and analyze the pros and cons of receiving education at technical schools and universities. Compare and analyze the unemployment rate of people with different educational background.
knowledge
The level of income depends on the labor market. Employers are willing to pay more to more efficient workers.
application
Explain why different jobs have different salaries and why people taking up the same job have different salaries. Discuss why the efficiency of employees is important to a company.
knowledge
Changes in a macro environment or unemployment rate in the labor market affect employees’ salary.
application
Explain how the enlargement of demand for apps affects software engineers’ salaries. Explain how an economic recession affects the unemployment rate.
knowledge
Taxes collected by municipal or central government are used to buy government services for individuals. Major taxes include income tax, social insurance and property tax.
application
With the information given, calculate the taxes and social insurance that individuals need to pay. Explain which level of government that different kinds of taxes are collected by and how they are used.
knowledge
Different kinds and amount of incomes lead to different kinds and amount of taxes. So do different consumption.
application
Investigate different taxes levied on different kinds of incomes and paid for buying different kinds of goods.