HRM501 Labour Market Studies (8)


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
DistanceWagga 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 sessionHD/FLSchool 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.


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.


The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.