Labour Economics Notes

Labour Economics Notes is designed for students who are preparing for any competitive examinations such as CLAT, DU-CET or other state level exams. The notes cover all important topics of labour economics and will prove to be useful for those students who want to learn the basic concepts of this subject. The notes provide a simple, easy and effective way to understand the entire course material in a step by step manner.

Labour economics is the study of factors that affect the supply and demand for human labour. This includes the study of how these factors change over time, as well as the effect they have on the distribution on income between labour and capital owners.

Introduction to Labour Economics is a branch of economics which concerns with the study of labour. It includes employment, determination of wage rate, working conditions, trade union activity and more.

The module is taught by Dr James Waldron, Director of the Centre for Labour Economics (CLe) at York, and has recently been ranked 1st across all subjects at Balliol for academic achievement.

notable Labour Economics Notes

In economics, labour economics seeks to understand the functioning of the markets for wage labour. The labour market is where individuals and firms can engage in a demand and supply for labour. Individuals offer their services in the form of jobs while firms need people to work for them. Labour economics looks into major characteristics that influence demand and supply of labour, such as wages, unemployment, economic growth and productivity.

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