Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Topics 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 the current labour market conditions.

Objectives

The learning goals associated with this unit are to:

• understand the operation of labour markets by drawing on basic economic principle
• think critically about the implications of labour market activity for society
• recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
• apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Jaai Parasnis

Contact hours

3 hours per week

Prerequisites

ECW1101

Prohibitions

ECG9170