Course info

The Economics of Labour course delves into the complexities of labor markets, examining the forces influencing employment, wages, and worker productivity. It introduces key concepts such as labor demand and supply, covering the effects of education, training, and health on the labor force, especially in developing regions impacted by issues like HIV/AIDS. Topics include the nature of competitive labor markets, the dynamics of wage determination, and the impact of institutions like unions and minimum wage laws. The course also explores human capital theory, highlighting how investments in education and training shape earnings differentials and productivity. Additionally, students examine unemployment causes, measures, and potential solutions. By analyzing real-world labor issues such as discrimination, labor market disparities, and underemployment, this course equips students with insights into policy interventions that enhance labor market efficiency and equity, making it essential for understanding labor economics in both developed and developing