3.3.4 - Labour markets

Factors that influence the demand for labour to a particular labour occupation:; demand for the final product (labour as a derived demand); productivity of labour; price of the product; wage rate relative to price of capital.

Use a - factors that influence the demand for labour to a particular labour occupation: • to connect the rule to the data and decision in the question.

This matters because a - factors that influence the demand for labour to a particular labour occupation: • determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - factors that influence the demand for labour to a particular labour occupation: • to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - Factors that influence the demand for labour to a particular labour occupation: • is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Factors that influence the elasticity of demand for labour.

Use b - factors that influence the elasticity of demand for labour to connect the rule to the data and decision in the question.

This matters because b - factors that influence the elasticity of demand for labour determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - factors that influence the elasticity of demand for labour to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Factors that influence the elasticity of demand for labour is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Factors that influence the supply of labour to a particular labour occupation:; size of population; net migration; income tax rates; level of welfare benefits; government regulations; trade unions.

Use c - factors that influence the supply of labour to a particular labour occupation: • size to connect the rule to the data and decision in the question.

This matters because c - factors that influence the supply of labour to a particular labour occupation: • size determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - factors that influence the supply of labour to a particular labour occupation: • size to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Factors that influence the supply of labour to a particular labour occupation: • size is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Factors that influence the elasticity of supply of labour.

Use d - factors that influence the elasticity of supply of labour to connect the rule to the data and decision in the question.

This matters because d - factors that influence the elasticity of supply of labour determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply d - factors that influence the elasticity of supply of labour to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: d - Factors that influence the elasticity of supply of labour is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Labour market equilibrium. of wage rates in.

Use a - labour market equilibrium. of wage rates in to connect the rule to the data and decision in the question.

This matters because a - labour market equilibrium. of wage rates in determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - labour market equilibrium. of wage rates in to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - Labour market equilibrium. of wage rates in is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Causes of changes in the equilibrium wage rate and quantity of competitive and labour as a result of shifts in demand curves and supply curves. non-competitive.

Use b - causes of changes in the equilibrium wage rate and quantity of competitive and labour to connect the rule to the data and decision in the question.

This matters because b - causes of changes in the equilibrium wage rate and quantity of competitive and labour determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - causes of changes in the equilibrium wage rate and quantity of competitive and labour to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Causes of changes in the equilibrium wage rate and quantity of competitive and labour is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Wage setting in the public sector/state-owned enterprises.

Use c - wage setting in the public sector/state-owned enterprises to connect the rule to the data and decision in the question.

This matters because c - wage setting in the public sector/state-owned enterprises determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - wage setting in the public sector/state-owned enterprises to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - Wage setting in the public sector/state-owned enterprises is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Causes and consequences of the geographical immobility of the labour market labour.

Use a - causes and consequences of the geographical immobility of the labour market labour to connect the rule to the data and decision in the question.

This matters because a - causes and consequences of the geographical immobility of the labour market labour determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply a - causes and consequences of the geographical immobility of the labour market labour to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: a - Causes and consequences of the geographical immobility of the labour market labour is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

Causes and consequences of the occupational immobility of labour.

Use b - causes and consequences of the occupational immobility of labour to connect the rule to the data and decision in the question.

This matters because b - causes and consequences of the occupational immobility of labour determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - causes and consequences of the occupational immobility of labour to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Causes and consequences of the occupational immobility of labour is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.