Economics of the Labour Market (ECON6009)

UNIT OF STUDY

The purpose of this unit is to study some of the major issues in modern labour markets. Trends such as the increase in part-time work, the growing inequality in income and earnings, changes in the returns to education, and the simultaneous increase in hours of work and unemployment are addressed. The material consists of both empirical facts relating to the labour markets and the theories which are used to understand these facts. Part of the unit is devoted to the study of wage and employment contracts in the presence of uncertainty and other information problems. Imperfect information will have implications for the level of employment and unemployment, the structure of wages, and the use of particular forms of compensation such as bonuses, trust funds, and performance bonds.

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Further unit of study information

Classes

1x3-hr seminar/week

Assessment

assignments (20%), mid-semester test (30%) and 3hr final exam (50%)

Faculty/department permission required?

No

Unit of study rules

Prerequisites and assumed knowledge

ECON5001 and ECON5002

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If you are from another Australian tertiary institution you may be permitted to underake cross-institutional study in one or more units of study at the University of Sydney.

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