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Labour Economics notes

KSh490.00

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
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