This course is designed to provide knowledge of how the labour market affects the employment relationship for students in the major and specialist programs in Industrial Relations and Human Resources (formerly Employment Relations) and in the Certificate in HRM. The basic tools of labour economics are developed and applied to various issues of organizational and government policy such as: the incentive effects of compensation arrangements, government income support programs and minimum wage policy; the determinants of preferences for hours of work including job-sharing, overtime and retirement; the impacts of unions on compensation and productivity; public-sector employment, discrimination in employment on the basis of gender and race as well as related government policies such as pay and employment equity
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