Labour Economics (ECON30006)

Undergraduate level 3Points: 12.5Not available in 2017

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Overview

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This subject examines how labour markets function, the market where employers and workers interact. Topics include labour supply, labour demand, wage determination, education and training, compensating wage differentials, unions and collective bargaining, labour market discrimination, earnings inequality, unemployment and analysis of current labour market policy issues. Data and empirical studies from Australia and other countries will be used to illustrate theoretical work.

Intended learning outcomes

  • Evaluate and interpret the labour market policies of governments, unions and other actors in the labour market;
  • Identify the actions of economic actors within the labour market, and identify various outcomes of the labour market, that are driven by economic incentives;
  • Critically analyse labour market quantitative research;
  • Synthesise information on different actors and outcomes across the various labour market topics;
  • Analyse labour market issues through the application of economic data and theories.

Generic skills

  • High level of development: written communication; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.

  • Moderate level of development: oral communication; collaborative learning; problem solving; team work; statistical reasoning;accessing data and other information from a range of sources; receptiveness to alternative ideas.

  • Some level of development: use of computer software.

Last updated: 9 April 2025

Eligibility and requirements

Prerequisites

One of:

Code Name Teaching period Credit Points
ECOM20001 Introductory Econometrics
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5
ECON20003 Quantitative Methods 2
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5

AND:

Code Name Teaching period Credit Points
ECON20002 Intermediate Microeconomics
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Please refer to Prerequisites and Corequisites.

Inherent requirements (core participation requirements)

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home

Last updated: 9 April 2025

Assessment

Additional details

  • A 2-hour end-of-semester examination (70%)
  • Assignments not exceeding 30 pages (30%)
  • To pass this subject students must pass the end of semester examination.

Last updated: 9 April 2025

Dates & times

Not available in 2017

Time commitment details

170 Hours

Last updated: 9 April 2025

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Related Handbook entries

    This subject contributes to the following:

    TypeName
    MajorEconomics
  • Breadth options

    This subject is available as breadth in the following courses:

  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 9 April 2025