HRM501 Labour Market Studies (8)

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. Institutional dimensions of labour markets are explored including the roles of trade unions and Centrelink. The subject also reviews Government policies to improve the quality of labour market.

+ Subject Availability Modes and Location

Session 3
Distance	Wagga Wagga Campus

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.

Subject information

Duration	Grading System	School:
One session	HD/FL	School of Accounting and Finance

Learning Outcomes

Upon successful completion of this subject, students should:

be able to identify, explain and evaluate the impact of factors influencing labour supply and demand
be able to analyse critically the costs and benefits of education and training in the labour market
be able to critically evaluate the behaviour of firms and unions within a labour market context
be able to analyse discrimination, disadvantage and unemployment within the labour market
be able to interpret, evaluate and explain the labour market policy intervention of the Government.

Syllabus

The subject will cover the following topics:

The labour markets
Supply of labour
Demand for labour
Investment in human capital: education and training
Wage determination
Alternative approaches to labour markets
Labour and trade unions
Unemployment
Australian labour market: policy issues.

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