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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.
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: 22 January 2022