Course overview
This course is designed to introduce students to economic models of the labour market, both theoretical and empirical. Illustrations from current policy debates can be used. After completing this course, students will be able to describe key features of the labour market, analyse models of the labour market in order to make predictions concerning the impact of public policy recommendations, and evaluate existing data relating to these predictions. Topics may include the supply of labour and accumulation of human capital; demand for labour in competitive and non-competitive markets; labour unions; the determination of equilibrium wages; wage discrimination; policies such as minimum wage laws, welfare reform, and trade.
Course learning outcomes
- Demonstrate a sound understanding of the core concepts and tools of Labour Economics and Policy.
- Apply economic principles and reasoning to critically analyse labour market phenomena and contemporary academic literature.
- Develop an understanding of the future role work and jobs play in evolving social and economic enviroments
- Communicate their knowledge and understanding of labour market and related social issues using written, verbal and visual expression
- Critically evaluate government policies affecting work and jobs
- Interpret labour market statistics and the statistical outputs in academic papers, policy reports, and broader economic and social commentary