👑Labor Market and Employment  Essays

Factors Influencing Teacher Wages Increase

Analyse why the wages of all teachers may increase.

Effects of a Fall in Unemployment Rate on Workers

Discuss whether or not a fall in a country’s unemployment rate always benefits workers.

Frictional Unemployment vs. Cyclical Unemployment

Explain how frictional unemployment differs from cyclical unemployment. [4 marks]

Impact of Trade Union Wage Increase on Workers

Discuss whether workers always benefit when their trade union achieves an increase in wages.

Benefits and Drawbacks of a National Minimum Wage

Discuss the view that a national minimum wage is beneficial for an economy. [25 marks]

Effects of High Unemployment on a Country's PPC

In 2016, the Indonesian government increased its spending on healthcare and education and considered raising the school leaving age. The government also planned to increase taxation. Such a move might conflict with its aim of reducing unemployment at a time when a number of countries were at risk of entering a recession

Analyse, using a production possibility curve (PPC) diagram, the effects of high unemployment in a country. [6]

Factors Leading to High Earnings for Economics Graduates

UK students often take jobs during their holidays and some save part of their income to pay their tuition fees. UK graduates earn, on average, £8500 a year more than non-graduates. Economics graduates had the second highest average earnings of all UK graduates in 2016. The top 10% of economics graduates earned £115 000 a year.

Analyse why economics graduates are well-paid.[6]

Factors Determining Wages Beyond Supply and Demand

Consider whether wages are only determined by the market forces of supply and demand. [25]

Effect of Low Unemployment on Multinational Companies

Singapore is usually ranked as one of the best countries in which to do business. It is an open economy engaging in free trade. It has a history of strong entrepreneurship, low unemployment, low average costs and relatively low tax rates. Its example may encourage other countries to remove trade restrictions.

Discuss whether low unemployment in a country will encourage multinational companies (MNCs) to set up there. [8]

Impact of Falling Unemployment Rate on Poverty

Discuss whether or not a fall in a country’s unemployment rate will reduce poverty in that country.

Trade Unions and Economic Development

Analyse how trade unions could increase economic development.

Economy's Benefit from Strengthening Trade Unions

Discuss whether an economy would benefit from an increase in the strength of its trade unions.