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Tag: Labour economics

How is the working time determined according to the Classical Political Economy (Adam Smith) and to Marx? Discuss that in light of the subsistence wage theory

Posted on by DavidY

Australia – Labour Economics Essay Compare alternative economic theories and models evaluating which one better describes: 1. Length of the Working day/week a. How is the working time determined according to the Classical Political Economy (Adam Smith) and to Marx? Discuss that in light of the subsistence wage theory b. How is the working time […]

Is the Marxian analysis of the reserved army relevant to the country’s unemployment? how can you relate those two concepts?Explain

Posted on by DavidY

Australia – Labour Economics Essay Compare alternative economic theories and models evaluating which one better describes: 1. Length of the Working day/week a. How is the working time determined according to the Classical Political Economy (Adam Smith) and to Marx? Discuss that in light of the subsistence wage theory b. How is the working time […]

Are the statements in the paragraph below correct or incorrect? Explain.

Posted on by Ambrose

Labour economics Word limit: 1000 (10% above this word limit is acceptable) Question Are the statements in the paragraph below correct or incorrect? Explain. The answer must include one mathematical expression, and not more than one. “Consider the Burdett-Mortensen model of on-the-job search studied in lectures. If the assumption of on-the-job search is removed, then […]

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