ECO2202 Labour Economics

This course looks at the major issues in the field of labour economics. The major topics covered include: Introduction to labour economics; Labour supply issues; Demand for labour; Employment and wage determination, and wage differentials; Institutions in the labour market; Collective bargaining, labour migration, mobility and immigration, unemployment and underemployment; Labour in the micro economy; Gender and the labour market; and Investment in human capital –education and training, and manpower planning.

General Course Objectives
By the end of the course, the participants should be in a good position to do:

• To define and explain key concepts in labour economics, 
• To analyze the issues of Labour supply 
• To identify the key factors of Demand for labour, 
• To elaborate on the parameters of Employment and wage determination, and wage differentials, 
• To determine the key Institutions in the labour market, 
• To discuss the issues of Collective bargaining, labour migration, mobility and immigration, unemployment and underemployment

Expected Learning Outcomes
By the end of the course, the student should be able to:

• Apply the economic theories and principles in the management of human resources as employed in the production units
• Assess the influence of labour in the production function of different production units
• Manage appropriate reward system for the workers in the different production units