Key Topics
Labour Economics Assignment Help
The operation and dynamics of wage labour markets are central to labour economics. Labor is known as a commodity that is supplied by labourers in exchange for a wage paid by demanding firms. These "laborers" exist as parts of a social, institutional, or political system. Labor economics is often regarded as sociology, economics, or even political science. It looks at the suppliers of labour services (workers) along with the demanders of labour services (employers) and attempts to understand the resulting pattern of employment, wages, and income.
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What is Labour Economics and where to study it?
Labour economics is none other than the study of the labour force as an element in the production procedure.
Labour economics covers the following topics:
- Unemployment and vacancies
- Labour supply
- Labour market institutions and policies
- Labour demand and equilibrium
- Investment in education
- Wage structure inequality
Colleges to get a degree in labour economics:
- Massachusetts Institute of Technology (MIT)
- University of California--Berkeley
- Harvard University
- Princeton University
- University of Chicago
- Georgia State University
Other than these USA-based universities, there are many institutes across the globe that offer courses on Labour economics.
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- Lack of interest: Labor economics is one of the unique subjects in the economics curriculum. Often, students opt into this course out of curiosity but ultimately fail to work on the theoretical assignments provided by the professors. They find this critical, practice-based theory part of the subject boring and start losing interest gradually with time, then look out for assistance.
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