Labour Economics


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HRM844 - Labour Economics


However, it is recommended that students begin their studies with HRM 701, Introduction to Human Resources Management, if they plan to pursue the Human Resources Management Graduate Certificate. Prior knowledge of micro and macro economics is advantageous.

In this course the student will be introduced to various concepts about an individual's decision to supply labour; why individuals decide to work, the factors effecting the decision to work, the decision to retire or reduce the length of the work week. The student will then review the factors that influence the firm's decision to hire labour and determine the amount of labour to be hired given both a competitive and non-competitive labour market. The concept of non-competitive labour markets will be extended to include the influence of factors that are external to the labour market such as unions and government. The problems of and solutions to unemployment, discrimination and wage differentials will be discussed.

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