316-411 Labour Economics

Students may not gain credit for both 316-411 Labour Economics and 316-651 Labour Economics.

316-402 Advanced Microeconomics and 316-470 Econometric Techniques.

This is an advanced subject in labour economics. Topics to be covered will include: overview of labour market outcomes in Australia; labour supply (including labour force participation, hours of work, and the effects of public policy); labour demand; human capital; labour market discrimination; unemployment; wage determination; earnings distributions; impact of unions. Other topics may include labour market flows (including the analysis of quits and layoffs), immigration, and employment structures within firms. In each topic relevant theory and empirical research (especially relevant Australian studies) will be examined.

• High level of development: application of theory to practice; interpretation and analysis.

• Moderate level of development: oral communication; written communication; problem solving; statistical reasoning; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.

• Some level of development: collaborative learning; team work.

A 2-hour examination (70%) and essay totalling not more than 2000 words (20%), and problem sets (10%).