Authorised by Academic Registrar, April 1996
Objectives On completion of this subject students should understand how the labour market works; the structure of this market; factors influencing labour markets and their implications for industrial relations and human resource management.
Synopsis The subject provides a basic grounding in labour economics for human resources and industrial relations practitioners while placing emphasis on applied and policy issues. Topics covered include an introduction to supply and demand for labour, internal labour markets, labour market segmentation, structural change in the labour market and microeconomic reform, macroeconomic policy, unemployment, wages policy, labour market policy, pay equity, measurement and determinants of productivity, payment systems and efficiency, and the Training Reform Agenda.
Assessment Written (assignments 4000 words): 40% + Take-home examination: 60%