ECON2107 Modern Labour Markets: Theory and Policy

6 Units of Credit

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The course delivers general theoretical and practical knowledge of labour markets and policy issues related to labour markets. The topics include labour supply and labour demand, theories and practice of wage determination, wage structures and wage differentials, labour productivity, labour mobility, labour market discrimination, and the role of government and unions in labour markets. The course also addresses macro-institutional outcomes, including labour force participation and evolution and change in labour markets. While drawing on the international literature and trends in international labour markets, the course places special emphasis on Australian labour market attributes and examples. Students will acquire theoretical and practical tools to understand and analyse various labour markets phenomena.