Scope of labour economics; Labour demand: theories, employment decisions by firms, competitive and non-competitive labour markets, capital-labour substitution, short-run and long-run demand; Labour supply: utility maximizing choices, income and wealth effects, hours of work and participation in labour force, inter-temporal labour supply; Wage and employment determination: neoclassical models, wage structures, labour theory of value; Labour markets and developing countries: demographic structure, unemployment and underemployment, formal and informal sectors, labour market institutions; Rural labour markets: dual labour market, sectoral linkages, policies; Urban labour markets: informality in the urban sector, rural-urban migration, segmented labour markets, self-employment, international migration; Income distribution, poverty and child labour: measures of income distribution, measures of poverty, determinants and consequences of child labour; Social security measures.
