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ECOS3008 - Labour Economics
Faculty of Arts and Social Sciences - 6 credit points
HECS Band five
Domestic Fee: $3,480
International Fee: $3,960
EFTSL: 0.125000000
Help? - Unit of Study Costs
Department: Economics
Offered session(s): 1
Prerequisites: One of (ECOS2001 or ECON2001 or ECOS2901 or ECON2901 or ECOP2011 or ECOP2001) and one of (ECOS2002 or ECON2002 or ECOS2902 or ECON2902 or ECOP2012 or ECOP2002)
Prohibitions: ECON3008
Classes: 1x2-hr lecture/week, 1x1-hr tutorial/fortnight

Assessment: essay (25%), mid-semester test (25%) and 2hr final exam (50%)

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.
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