In this topic you will learn to:

Examine economic issues

• investigate structural changes in the Australian economy resulting from microeconomic policies

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Apply economic skills​

• explain how governments are restricted in their ability to simultaneously achieve economic objectives

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You will learn about:

Labour market policies

• role of national and state systems
• the national system for determining

1. minimum employment standards
2. minimum wages
3. awards
4. enterprise agreements
5. employment contracts for high income earners

• dispute resolution
• arguments for and against the use of centralised, decentralised and individualised methods of determining employment contracts
• education, training and employment programs

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What are some of the most famous labour market policies?
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Head to the link and answer the questions under "THINK".
Using your text and online resources, write a definition for labour market policies and evaluate the effectiveness of the "New Deal" as an economic policy to address high rates of unemployment.
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TEDEd LESSON

What are the structures that make up our industrial relations system?

Using the 5 Whys, and your textbook (pp 344-350), investigate the problem at the top of each slide.
Answer the question and then complete another question on another slide until all the spaces have been filled.
In your workbook, complete your own notes under these headings:​

1. Role of national and state systems
2. Minimum employment standards
3. Minimum wages
4. Awards and enterprise agreements
5. Dispute resolution