Econ 1-33 Economics of Immigration

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E.4.1 Explain how markets underproduce public goods, and analyze the role of government to resolve those market failures.
E.4.2 Describe how the government taxes negative externalities (spillovers) and subsidizes positive externalities to resolve the inefficiencies they cause.
E.4.3 Describe the major revenue and expenditure categories in state and federal budgets and their respective proportions, and the challenges of achieving a balanced budget. (E)
E.4.4 Determine whether different types of taxes (e.g., income tax, sales tax, and Federal Income Contributions Act [FICA] tax including Social Security and Medicare) are progressive, proportional, or regressive. (E)
GE.7.1 Define and explain fiscal policy and its tools. (E)
GE.7.2 Define and explain monetary policy and its tools. (E)
GE.7.3 Analyze how the government uses fiscal policy to promote price stability, full employment, and economic growth.
GE.7.4 Explain how the use of fiscal policy affects budget deficits or surpluses and the national debt.
GE.7.5 Analyze how the Federal Reserve uses monetary policy to promote price stability, full employment, and economic growth. (E)

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Lance Hiles

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Econ 1-33 Economics of Immigration


Econ 1-33 Economics of ImmigrationVersion en ligne E.4.1 Explain how markets underproduce public goods, and analyze the role of government to resolve those market failures. E.4.2 Describe how the government taxes negative externalities (spillovers) and subsidizes positive externalities to resolve the inefficiencies they cause. E.4.3 Describe the major revenue and expenditure categories in state and federal budgets and their respective proportions, and the challenges of achieving a balanced budget. (E) E.4.4 Determine whether different types of taxes (e.g., income tax, sales tax, and Federal Income Contributions Act [FICA] tax including Social Security and Medicare) are progressive, proportional, or regressive. (E) GE.7.1 Define and explain fiscal policy and its tools. (E) GE.7.2 Define and explain monetary policy and its tools. (E) GE.7.3 Analyze how the government uses fiscal policy to promote price stability, full employment, and economic growth. GE.7.4 Explain how the use of fiscal policy affects budget deficits or surpluses and the national debt. GE.7.5 Analyze how the Federal Reserve uses monetary policy to promote price stability, full employment, and economic growth. (E) par Lance Hiles A B D E F G H K L M N O P R T U V W X Y Contains A Most economists argue that immigration is good for the economy. Studies show that ____ immigration is associated with [same] GDP and productivity. Contains B Benefits of Immigration: The non-partisan (Democrats, Republicans) Congressional Budget Office projected that immigration reform would bring undocumented workers into the ____ ____ , and that growth in revenue would offset costs. Starts with D Benefits of Immigration: Immigration causes population to grow, which increases the ____ for ____ , which then creates jobs & raises wages. This is a big-picture argument (macroeconomics), or net effect. Contains E Costs of immigration: low skilled immigrants will make low wages, & thus use a lot of ____ ____ . Also, since immigrants work for low wages, immigration drops wages for native workers as well. Contains F Benefits of Immigration: 1980s, ____ ____ brought 100K Cubans to Miami. This drastically increased the labor supply, but it did not lower wages of native workers, or cause widespread unemployment. Contains G Costs of Immigration: Since immigration is best for the economy overall, there is no economic debate. However, many citizens oppose immigration as a safety issue. They believe it will lead to criminal behavior, such as ____ or human trafficking. Contains H 1800s, immigration was a result of ____ advances, such as the steamships to cross the ocean & factories to provide jobs once they arrived. Contains K Costs of Immigration: While the arrival of high skill workers is associated with a larger economic growth, the arrival of ____ workers is associated with smaller economic growth. Starts with L The costs of immigration: Immigrants with ____ ____ will remain in poverty, & pass their [same] on to their children, who will remain in poverty. Contains M Benefits of Immigration: Rather than deporting 369K immigrants, it might be best to extend legal status instead. Grant them documentation, wait for wages to rise, then they buy more stuff, then increased ____ leads to more production, more hiring. Starts with N Argument against immigration include: contributes to poverty, uses social services, lowers wages. But these arguments do not look at the ____ ____ of immigration. i.e. They do not look at the big picture. Starts with O Some immigrants arrive in the U.S. through ____ ____ , & some arrive in the U.S. illegally. It is assumed that most high-skilled immigrants use the first method & most low-skilled immigrants use the second method. Starts with P Benefits of Immigration: immigration of high skill workers brings innovators to the country, which leads to more ____ . Also, increasing the number of H1-B visas (high-skill foreign workers) led to an increase in revenue. Starts with R Benefits of Immigration: One economist argued we could increase economic growth, increase wages in developing nations, & double the world’s labor supply, just by removing global immigration _____ . i.e. Open all boards. Starts with T The ____ ____ was the economic opportunity that brought many Asians to the U.S., during the 1800s. They also worked the mines, extracting resources for the industrial revolution. Contains U Recent study shows that ____ ____ view the contributions of immigrants as positive, compared to the views of older citizens. This immigrant-friendly view will likely continue into the future. Contains V People have been ____ ____ the planet for a long time. Modern humans started to spread out from Africa between 80,000 and 60,000 years ago, & since then they’ve migrated all over the globe. 12,000 years ago, we were on all continents. Contains W Costs of Immigration: Some people believe the U.S. government should not rewarded people with citizenship, if they are ____ the ____ . Contains X Benefits of Immigration: Immigration caused current workers to lose jobs, as ____ immigrant workers lower the hourly wage. However, this is a short-term problem. In the long-term, population growth leads to economic growth, which raises wages. Contains Y Today's lesson looks at ____ migration, because when people move across borders they are usually looking for work, or opportunity. We will not discuss forced migration.

Econ 1-33 Economics of Immigration

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Econ 1-33 Economics of ImmigrationVersion en ligne

par Lance Hiles

Contains A

Most economists argue that immigration is good for the economy. Studies show that ____ immigration is associated with [same] GDP and productivity.

Contains B

Benefits of Immigration: The non-partisan (Democrats, Republicans) Congressional Budget Office projected that immigration reform would bring undocumented workers into the ____ ____ , and that growth in revenue would offset costs.

Starts with D

Benefits of Immigration: Immigration causes population to grow, which increases the ____ for ____ , which then creates jobs & raises wages. This is a big-picture argument (macroeconomics), or net effect.

Contains E

Costs of immigration: low skilled immigrants will make low wages, & thus use a lot of ____ ____ . Also, since immigrants work for low wages, immigration drops wages for native workers as well.

Contains F

Benefits of Immigration: 1980s, ____ ____ brought 100K Cubans to Miami. This drastically increased the labor supply, but it did not lower wages of native workers, or cause widespread unemployment.

Contains G

Costs of Immigration: Since immigration is best for the economy overall, there is no economic debate. However, many citizens oppose immigration as a safety issue. They believe it will lead to criminal behavior, such as ____ or human trafficking.

Contains H

1800s, immigration was a result of ____ advances, such as the steamships to cross the ocean & factories to provide jobs once they arrived.

Contains K

Costs of Immigration: While the arrival of high skill workers is associated with a larger economic growth, the arrival of ____ workers is associated with smaller economic growth.

Starts with L

The costs of immigration: Immigrants with ____ ____ will remain in poverty, & pass their [same] on to their children, who will remain in poverty.

Contains M

Benefits of Immigration: Rather than deporting 369K immigrants, it might be best to extend legal status instead. Grant them documentation, wait for wages to rise, then they buy more stuff, then increased ____ leads to more production, more hiring.

Starts with N

Argument against immigration include: contributes to poverty, uses social services, lowers wages. But these arguments do not look at the ____ ____ of immigration. i.e. They do not look at the big picture.

Starts with O

Some immigrants arrive in the U.S. through ____ ____ , & some arrive in the U.S. illegally. It is assumed that most high-skilled immigrants use the first method & most low-skilled immigrants use the second method.

Starts with P

Benefits of Immigration: immigration of high skill workers brings innovators to the country, which leads to more ____ . Also, increasing the number of H1-B visas (high-skill foreign workers) led to an increase in revenue.

Starts with R

Benefits of Immigration: One economist argued we could increase economic growth, increase wages in developing nations, & double the world’s labor supply, just by removing global immigration _____ . i.e. Open all boards.

Starts with T

The ____ ____ was the economic opportunity that brought many Asians to the U.S., during the 1800s. They also worked the mines, extracting resources for the industrial revolution.

Contains U

Recent study shows that ____ ____ view the contributions of immigrants as positive, compared to the views of older citizens. This immigrant-friendly view will likely continue into the future.

Contains V

People have been ____ ____ the planet for a long time. Modern humans started to spread out from Africa between 80,000 and 60,000 years ago, & since then they’ve migrated all over the globe. 12,000 years ago, we were on all continents.

Contains W

Costs of Immigration: Some people believe the U.S. government should not rewarded people with citizenship, if they are ____ the ____ .

Contains X

Benefits of Immigration: Immigration caused current workers to lose jobs, as ____ immigrant workers lower the hourly wage. However, this is a short-term problem. In the long-term, population growth leads to economic growth, which raises wages.

Contains Y

Today's lesson looks at ____ migration, because when people move across borders they are usually looking for work, or opportunity. We will not discuss forced migration.

Benefits of Immigration: The non-partisan (Democrats, Republicans) Congressional Budget Office projected that immigration reform would bring undocumented workers into the , and that growth in revenue would offset costs.

Benefits of Immigration: Immigration causes population to grow, which increases the for , which then creates jobs & raises wages. This is a big-picture argument (macroeconomics), or net effect.

Costs of immigration: low skilled immigrants will make low wages, & thus use a lot of . Also, since immigrants work for low wages, immigration drops wages for native workers as well.

Benefits of Immigration: 1980s, brought 100K Cubans to Miami. This drastically increased the labor supply, but it did not lower wages of native workers, or cause widespread unemployment.

The costs of immigration: Immigrants with will remain in poverty, & pass their [same] on to their children, who will remain in poverty.

Argument against immigration include: contributes to poverty, uses social services, lowers wages. But these arguments do not look at the of immigration. i.e. They do not look at the big picture.

Some immigrants arrive in the U.S. through , & some arrive in the U.S. illegally. It is assumed that most high-skilled immigrants use the first method & most low-skilled immigrants use the second method.

The was the economic opportunity that brought many Asians to the U.S., during the 1800s. They also worked the mines, extracting resources for the industrial revolution.

Recent study shows that view the contributions of immigrants as positive, compared to the views of older citizens. This immigrant-friendly view will likely continue into the future.

People have been the planet for a long time. Modern humans started to spread out from Africa between 80,000 and 60,000 years ago, & since then they’ve migrated all over the globe. 12,000 years ago, we were on all continents.

Costs of Immigration: Some people believe the U.S. government should not rewarded people with citizenship, if they are the .