Faculty of Business and Economics

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Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton First semester 2010 (Day)
Australia (Other) First semester 2010 (Off-campus block of classes)
Coordinator(s)Dr Dyuti Banerjee


Contrasting theoretical models of the labour market, with emphasis on the neo-classical model, wage efficiency model and internal labour markets; analysis of the role of trade unions in the labour market; theory of discrimination in the labour market; contrasting theoretical views of the Phillips curve; application of this analysis to a discussion of issues with an emphasis on contemporary issues such as labour market flexibility, discrimination and unemployment.


The learning goals associated with this unit are to:

  • understand the Australian labour market
  • to analyse and debate contemporary labour market issues
  • understand various aspects of workers' labour supply behaviour such as whether to work for pay as opposed to consuming leisure or working at home without pay, the choice of occupations with different characteristics, workers' decision to invest in human capital and other investments designed to improve their earning capabilities, and various policy applications that affect workers' choice between work and leisure
  • understand how the compensation of workers can be structured to create incentives for greater productivity, focusing on recent policies such as Work Choices
  • understand labour market effects of unions and the contemporary issue of growing income inequality.


Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Dyuti Banerjee

Contact hours

3 hours per week


Students must have passed both ECX9000 and ECX9010 before undertaking this unit.