The module will cover the following topics:

• Recent developments in the UK and OECD labour markets
• The supply of labour
• The demand for labour
• Labour market equilibrium
• Education and training
• Wage inequality
• Minimum wages
• Job search and unemployment

Many key policy issues are related to the operation of the labour market and the experiences of various groups of workers. In this module we examine issues such as:

• Does increased taxation reduce the supply of labour?
• Why are there so many households with nobody in work?
• Should the government subsidise training and education?
• Does the minimum wage help or hurt low-paid workers?
• What effect does new technology have on workers' wages?

This module will also be very useful for those students wishing to study Labour Economics I in the third year