In economics, we usually think of capital as physical assets used to produce goods or services (for example, machinery or factories).

But humans also earn capital when they pursue education or training that increases their employability and makes them more valuable to employers. In this week’s video, Nicole Lapin shared her insight into recognizing your own value in the world.

Describing a situation where you (or someone you know) has used their problem solving or agility skills to increase their human capital in order to get a better job or earn more income.

1. In cases where a skill type is highly specific and scarce; what does this suggest about the years of training, the distribution of income, the labour productivity, and the private and social human capital investment cost of the individuals involved?                                     [8 marks)
2. Labour supply elasticities range from very low to very high coefficients, depending on the labour units involved. Use this comment to relate supply elasticities to skill levels and to do a simple analysis of how both low and high supply elasticities determine or relate to the earning power or income distribution of labour.                                                                        [8 marks]

Some health officials in the USA have argued that the coronavirus has shown the health care system’s weaknesses in the USA (and in most other countries.) Others claim that the outbreak should be treated as a wake-up call about infectious risks that countries of the world face together. They point that we need to stop fighting wars among ourselves and that the global economy should be structured towards a human-centered, and not a capital-centered? What do you think should be done for preparing & mitigating the impacts of pandemics? Can cost-benefit analysis used to evaluate the impacts of coronavirus?

If you travel by starship to the center of the galaxy such that you arrive within a subjective human lifespan, how much radiation damage will you suffer from the interstellar vacuum?

Assume special relativity holds and ignore the problems of accelerating and decelerating the spacecraft.

At what point in the journey through the interstellar vacuum would you will suffer too much radiation damage to go on?

How did you determine the amount of radiation damage?

What equations did you need?

What values did you use for the variables?

How did you determine those values?

The study of the mechanics of solids is a central object in the formation of various engineering modalities. And it is not for nothing that it is mandatory discipline in almost all engineering. Almost every concrete human achievement (not just intellectual or virtual), be it a building, a machine, equipment or even a (plastic) work of art, needs a structural support, something that can perform its function mechanically .... (José Roberto de F Arruda). 

Given the great importance of solid mechanics in Engineering, cite and comment on 3 examples of the application of Solid Mechanics in our daily lives, and their importance in solving engineering problems.

A potential client wants you to be the project manager for a project that involves moving to a new computerized human resource management system that supports the firm’s staffing, compensation, employee relations, and benefit functions. The client is very vague about what needs to be done, and all that they know is that they do not like the current system. Identify the types of questions that you could ask the client to gain a better understanding of the scope of the project. Other than having the client answer your questions, what other activities could you engage in to gain a better understanding

2. Answer the following about Viruses with a simple 2-3 sentence (or more if you needed)

a.Describe the importance of viruses ecologically, evolutionarily, and with respect to human disease

b.Explain the difference between enveloped and nonenveloped viruses.

c. Compare and contrast the viral replicative (lytic) vs. the lysogenic cycle.

d. Discuss the three hypotheses for the origin of viruses and explain how they continue to evolve.

e. Describe some of the problems caused by emerging viral diseases, and give at least one example.

f. Explain how the diversity of viruses is related to their genetic material.

13、It is claimed that employers are reluctant to hire women for some jobs because of their higher expected quit rates. Assuming women are more likely to quit, use human capital theory to explain what kind of jobs an employer would be especially reluctant to hire women for. Explain the reasons for the employer’s reluctance.

15、To the extent that it is true that women earn less because they spend less time in the labor market and that they spend less time in the labor market because they are paid less, how can this vicious circle be broken? Offer some suggestions and give examples.