Labour Economics

Knowledge of both labour economics principles and labour market characteristics is essential for the human resource practitioner. Labour market principles explain wage levels, wage differentials, and labour market behaviour. Labour market characteristics influence both employment and labour relations legislation and impact on the labour relations function in the organization. In addition, the human resources practitioner must be able to interpret labour market data. The objective of this course is to familiarize the student with basic labour market theory in the areas of wage determination, wage differentials, the impact of unions, and unemployment. The course also reviews relevant Canadian labour market data, trends and issues.