ECW2141 Economics of labour markets
Faculty of Business and Economics
ECW2141 Economics of labour markets is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 1 at Malaysia. It needs ECF1100, ECB1101, ECW1101 or ECC1000.
- Credit points
- 6
- Offered in 2023
- Semester 1
- Malaysia
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
The 2027 handbook has no page for ECW2141. This is its 2023 entry, the latest one.
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Requisites
Before ECW2141
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECW2141
No unit lists ECW2141 as a prerequisite in the 2023 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit introduces you to the study of labour markets. Our focus will be on implementing basic tools of economic analysis to first describe the key issues regarding how individuals decide how much to work, how firms structure their employment decisions and how these two decisions interact to determine the labour market equilibrium. We will then describe and later analyse how government policies ranging from minimum wages, income support and income tax credits affect the labour supply and demand decisions.
The unit will then apply the same building blocks to examine and appraise some topical issues affecting the labour market such as immigration, gender, trade unions, the gig economy. The unit will involve not only implementing workhorse economic models but will also stress on appraising what the empirical evidence tells us about the accuracy of the predictions derived using these economic tools.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
describe and implement the basic economic models to appraise questions regarding how labour markets function
- 2
operationalise the tools developed to gain insights regarding implications of government policies
- 3
think critically about the theoretical insights that economic analysis can provide and judge how well they match empirical facts
- 4
appraise and investigate the link between the labour market and how it affects society.
Workload and teaching
- Teaching approachActive learning
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.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Where it fits
ECW2141 is part of 1 area of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Rajesh Ramachandran
Common questions
What are the prerequisites for ECW2141?
You need ECF1100, ECB1101, ECW1101 or ECC1000 before you enrol.
When is ECW2141 offered?
In 2023, ECW2141 runs in Semester 1 at Malaysia.
How much work is ECW2141?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECW2141 have an exam?
No. ECW2141 has 1 assessment task and no exam.
Which majors and minors include ECW2141?
ECW2141 is part of Applied economics.