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ECF3600 Economics of Work and Pay
Credit Points: 15
ECF1110 Economics I

Microeconomic theory is used to explain the functioning of labour markets. Supply and demand analysis is qualified by appreciation of labour as a unique factor input and by the impact of institutional forces (government; employers; unions) on labour market outcomes. The theoretical framework is applied to the study of a number of current labour market issues: globalisation and labour; casualisation and the future of work; pay inequality; unemployment; unions; minimum wages; taxation and welfare over time. Whilst the unit draws on theory, its focus lies on the practical and applied aspects of labour economics. The overall aim of this unit is to enable students to develop a grasp of labour economics and its applications to problems in career choice, business and organisational management, and economic and social policy.

This Unit is part of the following Courses / Unit Sets
MAAAAJEconomics Major
MIAAADEconomics Minor
Disability Standards for Education (Commonwealth 2005)
For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes, Graduate Attributes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Student Equity, Diversity and Disability Service website:

Last Updated - Higher Education: 30/09/2006 VET: 30/09/2006