This undergraduate unit provides an understanding of the economic forces which operate on labour markets to determine wages and employment across the economy. It discusses the process of wage determination and explains how regulatory, social and institutional factors impact on wages and employment in the labour market. It offers an in-depth understanding of how inflation, wages policy and the labour market institutional framework impact on the national levels of employment and wage setting processes. The unit concludes with the Australian labour market issues, including skill shortages and government policy responses.

Unit Information

PRESCRIBED TEXT - LABOR ECONOMICS