Abstract
This subject applies economic analysis to the labour market and complements studies in human resource management and industrial relations and applies economic principles to specific labour issues such as wage and employment determination, labour productivity and labour force participation rates. Contemporary labour market issues are explored including unemployment, wages policy … For more content click the Read More button below.
Syllabus
theory of labour demand;theory of labour supply;investment in human capital: Education and training;neo-classical labour markets;alternative approaches to labour markets;the Australian wage structure and the role of unions ;unemployment: measurement, theories and policies; andwages policy.
Learning outcomes
Upon successful completion of this subject, students should:
1.
be able to discuss and apply economic principles and theories to labour market issues;
2.
be able to analyse conditions in the Australian labour market, including skill shortages; and
3.
be able to evaluate labour market policies and apply these to issues relating to unemployment, wages and discrimination.