Labour Economics notes

Number of Pages: 84 Pages
File size: 1 MB
Suitable for: Certificate, Diploma, University and Professional Courses

Topics Covered:
Topic 1: INTRODUCTION

• An Economic Story of the labour market
• The Actors in the Labour Market

Topic 2: LABOUR SUPPPLY          

• Measuring of Labour Force
• The Workers Preferences
• The Budget Constraint
• Policy Relevance

Topic3 : LABOUR DEMAND

• The Short-run Labour Demand Curve for a Firm
• Employment Decision in the Long-run
• Long-run Demand Curve for Labour

Topic 4: WAGE THEORIES

• Subsistence Theory of Wages
• Wage Fund Theory
• Residual Claimant Theory
• Marginal Production Theory
• Modern Theory of Wages

Topic 5: LABOUR MARKET EQUILIBRIUM; WAGE AND EMPLOYMENT DETERMINATION

• Wage and employment determination in Perfect labour market
• Wage and employment determination in monopsony labour market
• Wage and employment determination in monoploly labour market
• Wage and employment determination in a bilateral labour market
• Minimum Wage Model

Topic 6: LABOUR MARKET DISCRIMINATION

• Causes of Wage Discrimination
• The Neoclassical Taste Model
• Labour Market Segmentation Approach
• Favourable Effects of Elimination Discrimination

Topic 7: WAGE DIFFERNTIALS

• Compensation Wage Differential

Topic 8: HUMAN RESOURCE DEVELOPMENT

• The School Model

Topic 10: LABOUR UNIONS

• Unions and Management: Collective Bargaining
• Unions Influence over Wages

Topic 10: UNEMPLOYMENT AND UNDER EMPLOYMENT

• Seasonal Unemployment
• Structural Unemployment
• Cyclical Unemployment
• Job Search
• The Wage Offer Distribution…
• Non-Sequential and Sequential Search
• The Asking Wage

Topic 11: LABOUR MOBILITY

• Meaning of Labour Mobility
• Types of Mobility of Labour
• Factors Determining Mobility of Labour
• Obstacles of Mobility of Labour
• Determination of Worker Mobility