Labour markets, labour supply, labour demand, wage determination, inflation and unemployment. Specific New Zealand labour market issues are also addressed.
Labour economics studies how labour markets work. The labour market is undoubtedly the most important market that impacts directly on almost all of us for a significant period of our lives. This paper aims to introduce students to key theories, issues and problems in the analysis of labour markets. It uses microeconomic and macroeconomic theory to increase understanding of labour demand, labour supply and labour market outcomes. It addresses issues associated with changes in participation rates, the effect of minimum wage rates, the impact of unions, income inequality and labour market discrimination and also looks at a historical analysis of New Zealand's labour market legislation. The internal assessments and final exam will test whether or not the student can analyse issues in labour economics critically using relevant economic principles and theory.
|Paper title||Labour Economics|
|Teaching period||Not offered in 2020, expected to be offered in 2021|
|Domestic Tuition Fees (NZD)||$863.25|
|International Tuition Fees (NZD)||$4,276.80|
- ECON 201 or ECON 271
- Schedule C
- Arts and Music, Commerce, Science
- More information link
- View more information about ECON 301
- Teaching staff
Co-ordinator and Lecturer: Arlene Ozanne
- Labor Economics, 2015, 7th edition, by George J. Borjas, McGraw-Hill Irwin.
- Graduate Attributes Emphasised
- Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding,
Ethics, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
- Learning Outcomes
- Upon successful completion of this paper, students should have a general understanding of how labour markets operate. Students should develop both knowledge and appreciation of applying general economic principles and theory in evaluating behaviour and interactions in the labour market. Related to this, students should be able to use quantitative data and develop qualitative analysis to explain how labour market outcomes change over time. Students should learn to analyse current issues and policy debates in this area and be able to assess and critique labour market policies from a more knowledgeable perspective.