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Unit of study_

ECOS3008: Labour Economics

This unit aims to provide an understanding of labour markets and related issues such as work conditions, pay and employment levels. Labour supply and demand, theories of wage determination, labour mobility and discrimination are examined. It also analyses the role of trade unions and labour market contracts. These topics are applied to current issues in Australian labour markets such as enterprise bargaining, the role of centralised wage fixing systems, training and other labour market programs. Policies designed to improve the functioning of the labour market are examined and particular attention is given to the problem of persistent unemployment.

Code ECOS3008
Academic unit Economics
Credit points 6
ECOS2001 or ECOS2901

At the completion of this unit, you should be able to:

  • LO1. Understand the particular issues involved in conducting empirical research;
  • LO2. Understand the economic concepts, theories, and methods used in the study of labour economics;
  • LO3. Apply appropriate economic tools to analyse decision-making underlying the supply and demand of labour;
  • LO4. Evaluate the theories and concepts used in labour economics;
  • LO5. Understand the main econometric issues and empirical techniques use in analyzing labour market data and in evaluating alternative theories;
  • LO6. Develop and present coherent arguments on current issues in labour markets and labour market policies;
  • LO7. Demonstrate problem solving and critical thinking skills;
  • LO8. Develop an ethical awareness in analyzing data and reporting results;
  • LO9. Evaluate ideas, views, and evidence