Labour economics
Associate Professor Bill Battersby
6 points * One 2-hour lecture and one 1-hour tutorial per week * Distance approximately 12 hours per week * Second semester * Gippsland * Prerequisites: GBU1102, GBU2104
Objectives The subject aims to develop a framework for understanding the operation of labour markets, by drawing on basic economic principles and encouraging students to think critically about the implications of labour market activity for society. Through a consideration of issues such as unemployment and labour market disadvantage, students will recognise that both economic and ethical issues are involved in labour market activities. Evaluative skills are developed through an analysis of continuing change in Australian labour markets and labour market policy.
Synopsis Topics studied in this subject include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to Australian labour market conditions.
Assessment Assignment 1 (1500 words): 20% * Assignment 2 (2000 words): 30% * Examination (3 hours): 50%
Prescribed texts
Norris and Keith The economics of Australian labour markets 3rd edn, Longman Cheshire, 1993