HRM501 Labour Market Studies (8)
CSU Discipline Area: Management (MANAG)
Duration: One session
Abstract:
This subject introduces students to the economics of the contemporary Australian labour market by exploring the structure of labour supply, labour demand and how they interact to determine market equilibrium, wages and employment. Both the neoclassical and institutional schools are employed to provide students with a critical understanding of labour markets. The role of investment in human capital and training on labour productivity is covered. The economics of HRM is also explored. Alternative models to the neoclassical dominant paradigm are introduced and contrasted to the neoclassical model. Institutional dimensions of labour markets are explored including the roles of trade unions and Centrelink. The subject concludes with a review of current labour market policies and reforms.
+ Subject Availability Modes and Locations
| Session 3 | |
|---|---|
| Distance | Wagga Wagga |
Continuing students should consult the SAL for current offering details: HRM501
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Objectives:
Upon successful completion of this subject, students should:
- be able to explain the core workings of the neoclassical model;
- be able to discuss alternative labour market models;
- be able to explain the role and impact of government policies on labour markets;
- be able to identify key institutions and how they relate to the labour market;
- be able to evaluate relevant labour market literature with a critical understanding.
Syllabus:
The subject will cover the following topics:
The characteristics of Labour markets Neoclassical labour supply: work and leisure Neoclassical demand for labour: labour productivity Wage and employment determination in the neoclassical model Investment in human capital and training Alternative labour market models Economics of HRM Measurement of unemployment Institutional approach to labour markets Labour market policies and reforms Investment in human capital Neoclassical wage determination Labour productivity and labour markets Economic impact of labour market institutions Economics of HRM services Measurement of and economic policies for unemployment Trends in labour market policy reform
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.