WEEK 8

Labour Markets

Labour Market Trends 

You will learn about:
Labour market trends
  • unemployment /underemployment
  • part-time work
  • casualisation of work
  • outsourcing
  • contractors
  • sub-contracting

You will learn to:
Examine economic issues
  • assess the impact of labour market trends on individuals
  • investigate the reasons for gender differences in labour market outcomes

Apply economic skills
  • ​work in groups to investigate the efficiency and equity of labour market outcomes

Justice, not efficiency, is the first virtue of economics ...
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Not all unemployment is the same

There are three main types of unemployment –cyclical, structural and frictional unemployment. In practice, these cannot be measured directly, and they can often overlap, but they provide a useful way of thinking about unemployment.
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unemployment-its-measurement-and-types.pdf
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Follow the directions in the "Jigsaw" Google Slides,
complete a slide in a pair or group of 3 (for question 3 only) and
then teach others as the expert.
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Share your knowledge

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Choose one of the six inquiry areas below: 
  1. Investigate the reasons for gender differences in labour market outcomes.
  2. Assess the effectiveness of measuring unemployment.
  3. Assess the impact of labour market trends on individuals: minimum wages.
  4. Assess the impact of labour market trends on individuals.
  5. Assess the impact of labour market trends on individuals: underemployment
  6. Work in groups to investigate the efficiency and equity of labour market outcomes
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Spend 20-25 minutes researching and understanding your inquiry.
Make appointments with colleagues and swap your research findings. Make notes in your workbook to record what you have learned.


​Can You?

Investigate the reasons for gender differences in labour market outcomes.
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​Can You?
​
Assess the effectiveness of measuring unemployment.
​


​Can You?
​
Assess the impact of labour market trends on individuals: minimum wages.


​Can You?
​
Assess the impact of labour market trends on individuals.


​Can You?
​
Assess the impact of labour market trends on individuals: underemployment


​Can You?
​
Work in groups to investigate the efficiency and equity of labour market outcomes

Test your knowledge