Unit 5A Labour Markets
1. Supply of Labour
2. Income and substitution effects
3. Demand for Labour
4. Wage Determination in competitive Markets
5. Wage Differentials
6. Trades Unions
7. Monopsony
8. Gov’t Intervention
• Min Wage
• European legislation
9. Unemployment and gov’t policies to overcome imperfections
10. Changing Structure of Labour Markets
11. Ageing Populations
12. Inequality, Lorenz curve
• What causes inequality
• Changes in inequality
13. Policy assoc. with poverty and inequality
14. Aggregate and disaggregated data
