ECC5711 Labour economics
Faculty of Business and Economics
ECC5711 Labour economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 at Clayton. It needs ECC5900, ECF2731, ECB2731, ECF5927, ECC2000 or ECW2731.
- Credit points
- 6
- Offered in 2021
- Semester 1
- Clayton
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2022 entry.
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Requisites
Before ECC5711
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECC5711
No unit lists ECC5711 as a prerequisite in the 2021 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides students with the theoretical and empirical knowledge to analyse the functioning of labour markets with a focus on policy-related issues. The first part of the unit introduces students to the concept of labour market equilibrium. It does so through the study of the neo-classical model of labour supply and labour demand decisions, including a discussion of how well these theories explain observed patterns in the data. The second part of the unit further develops these models to examine a number of key topics in labour economics and to evaluate the effects of labour market policies. These topics include, but are not limited to: non-competitive labour markets, the relationship between wages and undesirable job characteristics, the labour market effects of educational and training investments, as well as contemporary issues such as labour mobility, discrimination and income inequality.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Learning outcomes
When you finish this unit, you should be able to:
- 1
build a conceptual framework that allows students to analyse the incentives and behaviour that determine the labour demand and labour supply decisions, and how these generate an equilibrium in the labour market
- 2
develop the theoretical and empirical tools to understand the labour market effects of a range of policies and economic changes. Example of such policies or economic changes include, but are not limited to: minimum wage laws, technological changes, welfare programs, educational and on-the-job training programs, affirmative actions
- 3
develop the skills to critically examine contemporary issues such as labour mobility, labour market discrimination and income inequality.
Workload and teaching
- Tutorials12 hours
- Lectures24 hours
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Contacts
- Chief Examiners
- Dr Claudio Labanca
Common questions
What are the prerequisites for ECC5711?
You need ECC5900, ECF2731, ECB2731, ECF5927, ECC2000 or ECW2731 before you enrol.
When is ECC5711 offered?
In 2021, ECC5711 runs in Semester 1 at Clayton.
How much work is ECC5711?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
More details
- Credit points
- 6
- Level
- 5
- Study level
- Postgraduate
- Faculty
- Faculty of Business and Economics
- Organisational unit
- Department of Economics
- Type
- Coursework
- EFTSL
- 0.125
- Student contribution
- SCA Band 4
- Study abroad
- Available
- Handbook years
- 20212022