Act IV · The Play Begins · Module 12
Hiring Hall
Factor and labor markets
17 slides · Hubbard & O'Brien, chapter 16.
The story
Where this fits in Marginal Falls
The bakery receives another order and considers hiring. Workers are valuable because their production can be sold, so labor demand is derived from demand for the bakery's output. The hiring hall connects product markets to input prices and wages.
A question to take into class
How does greater demand for pastries affect the value of an additional bakery worker?
From the slides to the classroom
Activities used in this module
This module is taught through its slide deck and classroom discussion. No dedicated live activity is used for this topic.
Activities open at marginalfalls.com. Students join using the room code supplied by their instructor.