ECONOMICS 181 LABOR ECONOMICS
CHAPTER 1 INTRODUCTION
Labor Economics studies how labor markets work.
Important Topics Addressed by Economics:
Determination of the income distribution
Economic impact of unions
Allocation of workers tim
13 - 1
(Note: Chapter 12 will not be
covered in the final exam)
13 - 2
12-1 History of Unemployment in
the New Zealand
Unemployment rate over time.
time Recap of definition & issue of
discouraged and underemployed worke
12 - 1
12 - 2
The chapter analyses how and why different methods of compensation arise
in the labour market and how they affect worker productivity and firm
profitablility. For example:
- Piece rates and time rates.
The Political Economy of Trade Policy
Prepared by Iordanis Petsas
International Economics: Theory and Policy,
Policy Sixth Edition
by Paul R. Krugman and Maurice Obstfeld
The Case for Free Trade
Feliciano, Eilynn B.
Retuya, Erica P.
Resources, Comparative Advantage, and Income Distribution
Explain how differences in resources generate a specific pattern of trade.
Advantage, and Income
Feliciano, Eilynn B. & Retuya, Erica P.
TOPICS TO BE COVERED
A Model of a Two-Factor Economy
Effects of International Trade Between Two-Factor
Empirical Evidence on the Heckscher-Ohlin