Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

FacultyFaculty of Business and Economics
OfferedAustralia (Other) First semester 2012 (Off-campus block of classes)
Clayton Second semester 2012 (Day)
Coordinator(s)Dr Youjin Hahn


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:

  1. understand the Australian labour market
  2. to analyse and debate contemporary labour market issues
  3. 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
  4. understand how the compensation of workers can be structured to create incentives for greater productivity, focusing on recent policies such as Work Choices
  5. 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)

Ms Youjin Hahn

Contact hours

3 hours per week


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