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KENYATTA UNIVERSITY EAE 304 LABOUR ECONOMICS COURSEOUTLINE AND TOPIC ONE OCT 2021.pdf

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1KENYATTA UNIVERSITYSCHOOL OF ECONOMICSAPPLIED DEPARTMENTSEMESTER I 2021/22 ACADEMIC YEAROCTOBER 2021EAE 304: LABOUR ECONMICSCourse OutlineInstructor:Dr. NJENGA PETERCourse DescriptionLabour Economics is aimed to create the capacity by students to understand theories, concepts,policies and their applications in analysing labour market issues, including impact evaluationof labour market programs and policies, and to contribute to evidenced-based policy input intoeconomic development and the poverty reduction process.This course attempts to cover basic concepts and theoretical tools in labour economicsTogether with relevant topics for labour policies, particularly in developing countries.Objectives and Purpose of the course:1.Demonstrate knowledge and understanding of theories, concepts, policies and theirapplications2.Analyse labour market issues3.Undertake impact evaluation of labour market programs and policies4.Contribute to evidence-based labour policy discourseCourse PlanWEEK/ DATETOPIC/SUB-TOPICSONE1.INTRODUCTION TO LABOUR ECONOMICSDefinition and scope of labour economics.Actors in the labour market.The nature of labour marketsTWO2.LABOUR SUPPLYMeasuring Labour ForceThe Workers PreferencesThe Labour Supply Curve for a WorkerPolicy Application3.LABOUR DEMANDIntroductionProduction FunctionLong-run Demand Curve
2THREE4.LABOURMARKETEQUILIBRIUM:WAGEANDEMPLOYMENT DETERMINATIONMonopsony MarketMonopoly MarketBilateral Monopoly MarketMinimum wage ModelFOUR5.WAGE THEORIESSubsistence TheoryWage Fund TheoryResidual Claimant TheoryMarginal productivity TheoryModern TheoryEfficiency wage theoryFIVECAT ONESIX6.HUMAN RESOURCE DEVELOPMENTIntroductionThe Schooling Model7.OCCUPATIONAL WAGE DIFFERENTIALSIntroductionThe RiskSEVEN8.LABOUR MARKET DISCRIMINATIONIntroductionThe Neoclassical Taste ModelLabour Market Segmentation ApproachDual Labour Market HypothesisEIGHT9.LABOUR UNIONSIntroductionWages and BenefitsIndustrial RelationsEconomic Impacts of UnionsUnion and InflationUnion and WagesNINE10.UNEMPLOYMENT AND UNDEREMPLOYMENTIntroductionTypes of UnemploymentNon-Sequential and Sequential SearchThe Asking WageTENCAT TWOELEVEN11.LABOUR MOBILITYIntroductionTypes of Mobility of LabourObstacles of Mobility of LabourDeterminants of Workers MobilityTWELVERevisionTHIRTEEN& FOURTEENEnd of Semester Exams
3Course EvaluationTypeWeighting (%)Examination70CourseworkCAT 1 (Supervised CAT)CAT 2 (Supervised CAT)301515Course Materials1.Addison, J. T and W.S. Siebert (1979).The Market for Labour: An AnalyticalTreatment. Santa Monica, California: Goodyear Publishing Company, Inc2.Smith, S.W (1994).Labour Economics, Routledge: London3.McConnell, C.R and S.L. Brue (1995).Contemporary Labour Economics, FourthEdition. Singapore: McGraw-Hill Inc.

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Economics, Labour economics, labour market issues

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