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ECS2141: Economics of labour markets

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate – Unit

Refer to the specific census and withdrawal datesfor the semester(s) in which this unit is offered.

Faculty

Business and Economics

Offered

South Africa

  • First semester 2018 (On-campus)
  • Term 3 2018 (On-campus)

Prerequisites

ECB1101 or ECG1101 or ECW1101 or ECP1100

Prohibitions

ECB2141, ECG2141, ECG9170, ECW2141

Synopsis

Topics include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to current labour market conditions in South Africa and the broader African continent.

Outcomes

The learning goals associated with this unit are to:

  1. understand the operation of labour markets by drawing on basic economic principle
  2. think critically about the implications of labour market activity for society
  3. recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
  4. apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy in South Africa and the broader African continent.

Assessment

Within semester assessment: 40% + Examination: 60%

Workload requirements

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.

Chief examiner(s)

Mr Alain Kaninda

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