23021 Labour Economics6cp
Requisite(s): 23567 Intermediate Microeconomics OR 25567 Intermediate Microeconomics
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
Anti-requisite(s): 25021 Labour Economics
This subject applies the knowledge and skills students have developed in the prerequisite subject to the functioning of modern labour markets, with a specific focus on the Australian context. Students expand their knowledge of economic concepts to include those that can be used to rationalise firms' and workers' behaviour in the labour market, and students use these concepts to critically evaluate labour market policies. They investigate individual differences in wages and employment, assess the economic effects of minimum wage laws, payroll taxes and education subsidies, and explore the institutional features, historical trends and current policy issues in Australian labour markets.
Detailed subject description.