Question 1 (Topics 3, 4 and 5) (Approximately 1,000 words) (10 marks)
Explain the factors on the labour supply side of the market that contribute to (a) labour market frictions and (b) compensating wage differentials.
Question 2 (Topic 6) (Approximately 2,000 words) (20 marks)
Higher education is the most important means of skilling workers for their role in the labour force. Discuss.
Question 1 (Topics 7 and 8) (Approximately 1,000 words) (10 marks)
How well do government policies address unemployment and wage issues in regional Australia?
Question 2 (Topic 9) (Approximately 2,000 words) (20 marks)
Why are policies, intended to reduce labour market discrimination in Australia, not meeting their objectives?
Question (Topics 10, 11 and 12) (1,000 words) (20 marks)
Australian trade union leaders focus on the acquisition of political influence rather than addressing issues of unemployment, earnings inequality and skill shortages. Discuss.
· Assessment item 2 Value: 30% Length: 3,000 words Task Assignment 2 consists of two essay questions (Q1 is worth 10 marks and Q2 is worth 20 marks) based on Learning activities and additional reading. Before attempting this assignment you are expected to have completed Topics 3, 4, and 5 for Q1 and Topic 6 for Q2. You are encouraged to make use of additional sources. Sources used in your answer should be fully referenced in APA 6th style. Answer the following questions ensuring that you apply theory and economic principles to analyse the labour market issues. Communicate your ideas with correct grammar, spelling and writing style and support your answer with illustrative examples. Question 1 (Topics 3, 4 and 5) (Approximately 1,000 words) (10 marks) Explain the factors on the labour supply side of the market that contribute to (a) labour market frictions and (b) compensating wage differentials. Question 2 (Topic 6) (Approximately 2,000 words) (20 marks) Higher education is the most important means of skilling workers for their role in the labour force. Discuss. Rationale This assignment provides an opportunity for you to apply theory and economic principles to analyse labour market issues through the application of your knowledge of theory supported by evidence drawn from sources of your choosing. The question addresses the following learning outcome: • be able to discuss and apply economic principles and theories to labour market issues Marking criteria Criteria HD (85%) DI (75-84%) CR (65-74%) PS (50-64%) FL (0<50%) academic="" writing="" clearly="" communicates="" meaning="" (10%="" weighting).="" language="" features="" and="" structures="" are="" used="" to="" convey="" meaning="" effectively,="" clearly,="" concisely,="" unambiguously,="" and="" in="" a="" tone="" appropriate="" to="" the="" audience="" and="" purpose="" with="" no="" spelling,="" grammatical,="" or="" punctuation="" errors.="" language="" features="" and="" structures="" are="" used="" to="" convey="" meaning="" effectively,="" clearly,="" unambiguously,="" and="" in="" a="" tone="" appropriate="" to="" the="" audience="" and="" purpose="" with="" few="" spelling,="" grammatical,="" or="" punctuation="" errors.="" the="" text="" contains="" some="" errors="" in="" spelling,="" grammar,="" word="" choice,="" and="" structure,="" lacks="" clarity="" occasionally,="" and="" may="" not="" be="" concise,="" but="" the="" meaning="" is="" apparent="" to="" the="" reader="" with="" little="" effort.="" the="" text="" contains="" frequent="" errors="" in="" spelling,="" grammar,="" word="" choice,="" and="" structure,="" lacks="" clarity,="" and="" is="" not="" concise,="" but="" the="" meaning="" is="" apparent="" to="" the="" reader="" with="" some="" effort.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" academic="" writing="" includes="" apa="" 6th="" referencing="" (10%="" weighting).="" referencing="" is="" comprehensive,="" demonstrates="" academic="" integrity,="" and="" conforms="" exactly="" to="" apa="" style="" conventions.="" referencing="" is="" comprehensive,="" demonstrates="" academic="" integrity,="" and="" conforms="" to="" apa="" style="" conventions="" with="" fewer="" than="" three="" minor="" errors="" or="" omissions="" which="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source="" or="" the="" demonstration="" of="" academic="" integrity.="" referencing="" is="" comprehensive="" and="" mostly="" accurate="" according="" to="" apa="" style="" conventions.="" up="" to="" eight="" minor="" errors="" or="" omissions="" in="" style="" and="" formatting="" choices="" (e.g.="" italics,="" punctuation,="" underlining)="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source,="" or="" the="" demonstration="" of="" academic="" integrity.="" referencing="" is="" comprehensive="" and="" mostly="" accurate="" according="" to="" apa="" style="" conventions.="" frequent="" minor="" errors="" or="" omissions="" in="" style="" and="" formatting="" choices="" (e.g.="" italics,="" punctuation,="" underlining)="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source,="" or="" the="" demonstration="" of="" academic="" integrity.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" discusses="" and="" applies="" economic="" principles="" to="" labour="" market="" issues.="" the="" answer="" synthesises="" the="" theory="" presented="" with="" new="" insights="" providing="" an="" in-depth="" evaluation="" and="" a="" comprehensive="" discussion="" and="" application="" with="" no="" errors="" of="" logic.="" the="" answer="" evaluates="" the="" theory="" presented.="" correct="" conclusions="" are="" drawn="" and="" are="" presented="" through="" a="" sound="" argument="" showing="" good="" judgement="" in="" developing="" the="" discussion="" and="" application.="" however,="" minor="" errors="" have="" been="" found="" in="" the="" narrative.="" the="" answer="" correctly="" interprets="" the="" theory="" (economic="" principles)="" in="" applying="" them="" to="" labour="" market="" issues.="" correct="" conclusions="" are="" drawn.="" however="" some="" errors="" have="" been="" found="" in="" the="" narrative.="" the="" answer="" identifies="" the="" most="" important="" elements="" of="" theory="" (economic="" principles)="" and="" applies="" them="" to="" an="" analysis="" of="" a="" range="" of="" labour="" market="" issues.="" correct="" conclusions="" are="" drawn.="" limited="" explanation="" provides="" marginal="" support="" for="" the="" conclusions="" drawn.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" provide="" examples="" which="" illustrate="" the="" application="" of="" economic="" principles="" to="" labour="" market="" issues.="" the="" answer="" provides="" examples="" which="" support="" the="" synthesis="" of="" the="" theory="" with="" new="" insights="" in="" the="" process="" of="" discussion="" and="" application.="" the="" narrative="" makes="" a="" strong="" link="" between="" the="" examples,="" existing="" theory="" and="" new="" insights.="" the="" answer="" provides="" examples="" which="" support="" the="" evaluation="" of="" the="" theory,="" the="" discussion="" and="" the="" application.="" the="" narrative="" makes="" a="" strong="" link="" between="" the="" examples="" and="" theory.="" the="" answer="" provides="" examples="" which="" illustrate="" the="" correct="" interpretation="" of="" theory.="" correct="" conclusions="" are="" drawn="" with="" only="" minor="" lapses="" in="" logic.="" the="" answer="" provides="" examples="" which="" illustrate="" the="" application="" of="" economic="" principles.="" however,="" the="" narrative="" does="" not="" make="" a="" convincing="" link="" between="" the="" examples="" and="" theory.="" ="" fails="" to="" meet="" criteria="" for="" a="" pass.="" ="" ="" ="" ="" ="" ="" presentation="" answers="" should="" be="" typed="" and="" diagrams="" must="" be="" clear="" and="" neat="" and="" preferably="" drawn="" electronically.="" hand-drawn="" diagrams="" are="" acceptable.="" the="" answer="" to="" the="" question="" should="" be="" divided="" into="" three="" parts:="" part 1: introduction="" the="" introduction="" sets="" up="" your="" response="" by="" succinctly="" stating="" your="" understanding="" of="" the="" issues,="" what="" you="" think="" is="" the="" best="" way="" to="" analyse="" the="" situation="" –="" including="" choice="" of="" theory="" and="" sources="" of="" evidence,="" what="" type="" of="" findings="" you="" expect="" and="" what="" potential="" applications="" you="" expect="" there="" to="" be.="" part="" 2:="" analysis="" the="" analysis="" will="" represent="" the="" bulk="" of="" your="" work.="" here="" you="" will="" provide="" your="" answer="" in="" detail="" by="" drawing="" upon="" the="" literature,="" the="" theory="" and="" the="" evidence="" to="" come="" up="" with="" an="" answer="" to="" the="" question="" posed.="" you="" may="" find="" that="" you="" want="" to="" break="" this="" section="" up="" into="" a="" number="" of="" sub-parts="" –="" one="" for="" a="" detailed="" discussion="" of="" the="" issues="" including="" your="" non-technical="" response,="" one="" for="" a="" detailed="" analysis="" of="" the="" tools="" of="" analysis="" you="" will="" use="" (theory),="" one="" for="" your="" extensive="" consideration="" of="" the="" evidence,="" one="" where="" you="" draw="" together="" your="" information="" and="" findings="" along="" with="" their="" implications.="" part="" 3:="" conclusion="" in="" the="" conclusion="" you="" briefly="" and="" succinctly="" review="" what="" you="" have="" done="" in="" answer="" to="" the="" question="" and="" indicate="" what="" further="" issues="" there="" might="" be="" to="" be="" considered.="" ="" requirements="" sources="" used="" in="" your="" answer="" should="" be="" fully="" referenced="" in="" apa="" 6th="" style.="" .="" assessment="" item="" 3="" value:="" 30%="" length:="" 3,000="" words="" task="" assignment="" 3="" consists="" of="" two="" essay="" questions="" (q1="" is="" worth="" 10="" marks="" and="" q2="" is="" worth="" 20="" marks)="" based="" on="" learning="" activities="" and="" additional="" reading.="" before="" attempting="" this="" assignment="" you="" are="" expected="" to="" have="" completed="" topics="" 7="" and="" 8="" for="" q1="" and="" topic="" 9="" for="" q2.="" you="" are="" encouraged="" to="" make="" use="" of="" additional="" sources.="" sources="" used="" in="" your="" answer="" should="" be="" fully="" referenced="" in="" apa="" 6th="" style.="" answer="" the="" following="" questions="" ensuring="" that="" you="" apply="" theory="" and="" economic="" principles="" to="" analyse="" and="" evaluate="" labour="" market="" policies="" relating="" to="" unemployment="" and="" wages="" (q1)="" and="" discrimination="" (q2).="" communicate="" your="" ideas="" with="" correct="" grammar,="" spelling="" and="" writing="" style="" and="" support="" your="" answer="" with="" illustrative="" examples.="" question="" 1="" (topics="" 7="" and="" 8)="" (approximately="" 1,000="" words)="" (10="" marks)="" how="" well="" do="" government="" policies="" address="" unemployment="" and="" wage="" issues="" in="" regional="" australia?="" question="" 2="" (topic="" 9)="" (approximately="" 2,000="" words)="" (20="" marks)="" why="" are="" policies,="" intended="" to="" reduce="" labour="" market="" discrimination="" in="" australia,="" not="" meeting="" their="" objectives?="" ="" rationale="" this="" assignment="" provides="" an="" opportunity="" for="" you="" to="" apply="" theory="" and="" economic="" principles="" to="" analyse="" and="" evaluate="" labour="" market="" policies="" relating="" to="" unemployment="" and="" wages="" (q1)="" and="" discrimination="" (q2)="" through="" the="" application="" of="" your="" knowledge="" of="" theory="" supported="" by="" evidence="" drawn="" from="" sources="" of="" your="" choosing.="" the="" question="" addresses="" the="" following="" learning="" outcome:="" •="" be="" able="" to="" evaluate="" labour="" market="" policies="" and="" apply="" these="" to="" issues="" relating="" to="" unemployment,="" wages="" and="" discrimination.="" ="" marking="" criteria="" ="" criteria="" hd="" (85%)="" di="" (75-84%)="" cr="" (65-74%)="" ps="" (50-64%)="" fl=""><50%) academic writing clearly communicates meaning (10% weighting). language features and structures are used to convey meaning effectively, clearly, concisely, unambiguously, and in a tone appropriate to the audience and purpose with no spelling, grammatical, or punctuation errors. language features and structures are used to convey meaning effectively, clearly, unambiguously, and in a tone appropriate to the audience and purpose with few spelling, grammatical, or punctuation errors. the text contains some errors in spelling, grammar, word choice, and structure, lacks clarity occasionally, and may not be concise, but the meaning is apparent to the reader with little effort. the text contains frequent errors in spelling, grammar, word choice, and structure, lacks clarity, and is not concise, but the meaning is apparent to the reader with some effort. fails to meet criteria for a pass. academic writing includes apa 6th referencing (10% weighting). referencing is comprehensive, demonstrates academic integrity, and conforms exactly to apa style conventions. referencing is comprehensive, demonstrates academic integrity, and conforms to apa style conventions with fewer than three minor errors or omissions which don't impact on the transparency and traceability of the source or the demonstration of academic integrity. referencing is comprehensive and mostly accurate according to apa style conventions. up to eight minor errors or omissions in style and formatting choices (e.g. italics, punctuation, underlining) don't impact on the transparency and traceability of the source, or the demonstration of academic integrity. referencing is comprehensive and mostly accurate according to apa style conventions. frequent minor errors or omissions in style and formatting choices (e.g. italics, punctuation, underlining) don't impact on the transparency and traceability of the source, or the demonstration of academic integrity. fails to meet criteria for a pass. evaluates labour market policies and applies these to issues relating to unemployment and wages or discrimination. the answer synthesises the theory presented with new insights providing an in-depth evaluation and a comprehensive answer with no errors of logic. the answer evaluates the theory presented. correct conclusions are drawn and are presented through a sound argument showing good judgement. however, minor errors have been found in the narrative. the answer correctly interprets the theory for evaluating labour market policies and the application to issues relating to unemployment and wages or discrimination. correct conclusions are drawn. however some errors have been found in the narrative. the answer identifies the most important elements of theory for evaluating labour market policies and applies these to issues relating to unemployment and wages or discrimination. correct conclusions are drawn. limited explanation provides marginal support for the conclusions drawn. fails to meet criteria for a pass. provides examples that illustrate the evaluation of labour market policies and their application to issues relating to unemployment and wages or discrimination. the answer provides an example which supports the synthesis of the theory with new insights in providing an analysis of the question. the narrative makes a strong link between the examples, existing theory and new insights. the answer provides examples which support the evaluation of the theory. the narrative makes a strong link academic="" writing="" clearly="" communicates="" meaning="" (10%="" weighting).="" language="" features="" and="" structures="" are="" used="" to="" convey="" meaning="" effectively,="" clearly,="" concisely,="" unambiguously,="" and="" in="" a="" tone="" appropriate="" to="" the="" audience="" and="" purpose="" with="" no="" spelling,="" grammatical,="" or="" punctuation="" errors.="" language="" features="" and="" structures="" are="" used="" to="" convey="" meaning="" effectively,="" clearly,="" unambiguously,="" and="" in="" a="" tone="" appropriate="" to="" the="" audience="" and="" purpose="" with="" few="" spelling,="" grammatical,="" or="" punctuation="" errors.="" the="" text="" contains="" some="" errors="" in="" spelling,="" grammar,="" word="" choice,="" and="" structure,="" lacks="" clarity="" occasionally,="" and="" may="" not="" be="" concise,="" but="" the="" meaning="" is="" apparent="" to="" the="" reader="" with="" little="" effort.="" the="" text="" contains="" frequent="" errors="" in="" spelling,="" grammar,="" word="" choice,="" and="" structure,="" lacks="" clarity,="" and="" is="" not="" concise,="" but="" the="" meaning="" is="" apparent="" to="" the="" reader="" with="" some="" effort.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" academic="" writing="" includes="" apa="" 6th="" referencing="" (10%="" weighting).="" referencing="" is="" comprehensive,="" demonstrates="" academic="" integrity,="" and="" conforms="" exactly="" to="" apa="" style="" conventions.="" referencing="" is="" comprehensive,="" demonstrates="" academic="" integrity,="" and="" conforms="" to="" apa="" style="" conventions="" with="" fewer="" than="" three="" minor="" errors="" or="" omissions="" which="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source="" or="" the="" demonstration="" of="" academic="" integrity.="" referencing="" is="" comprehensive="" and="" mostly="" accurate="" according="" to="" apa="" style="" conventions.="" up="" to="" eight="" minor="" errors="" or="" omissions="" in="" style="" and="" formatting="" choices="" (e.g.="" italics,="" punctuation,="" underlining)="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source,="" or="" the="" demonstration="" of="" academic="" integrity.="" referencing="" is="" comprehensive="" and="" mostly="" accurate="" according="" to="" apa="" style="" conventions.="" frequent="" minor="" errors="" or="" omissions="" in="" style="" and="" formatting="" choices="" (e.g.="" italics,="" punctuation,="" underlining)="" don't="" impact="" on="" the="" transparency="" and="" traceability="" of="" the="" source,="" or="" the="" demonstration="" of="" academic="" integrity.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" evaluates="" labour="" market="" policies="" and="" applies="" these="" to="" issues="" relating="" to="" unemployment="" and="" wages="" or="" discrimination.="" the="" answer="" synthesises="" the="" theory="" presented="" with="" new="" insights="" providing="" an="" in-depth="" evaluation="" and="" a="" comprehensive="" answer="" with="" no="" errors="" of="" logic.="" the="" answer="" evaluates="" the="" theory="" presented.="" correct="" conclusions="" are="" drawn="" and="" are="" presented="" through="" a="" sound="" argument="" showing="" good="" judgement.="" however,="" minor="" errors="" have="" been="" found="" in="" the="" narrative.="" the="" answer="" correctly="" interprets="" the="" theory="" for="" evaluating="" labour="" market="" policies="" and="" the="" application="" to="" issues="" relating="" to="" unemployment="" and="" wages="" or="" discrimination.="" correct="" conclusions="" are="" drawn.="" however="" some="" errors="" have="" been="" found="" in="" the="" narrative.="" the="" answer="" identifies="" the="" most="" important="" elements="" of="" theory="" for="" evaluating="" labour="" market="" policies="" and="" applies="" these="" to="" issues="" relating="" to="" unemployment="" and="" wages="" or="" discrimination.="" correct="" conclusions="" are="" drawn.="" limited="" explanation="" provides="" marginal="" support="" for="" the="" conclusions="" drawn.="" fails="" to="" meet="" criteria="" for="" a="" pass.="" provides="" examples="" that="" illustrate="" the="" evaluation="" of="" labour="" market="" policies="" and="" their="" application="" to="" issues="" relating="" to="" unemployment="" and="" wages="" or="" discrimination.="" the="" answer="" provides="" an="" example="" which="" supports="" the="" synthesis="" of="" the="" theory="" with="" new="" insights="" in="" providing="" an="" analysis="" of="" the="" question.="" the="" narrative="" makes="" a="" strong="" link="" between="" the="" examples,="" existing="" theory="" and="" new="" insights.="" the="" answer="" provides="" examples="" which="" support="" the="" evaluation="" of="" the="" theory.="" the="" narrative="" makes="" a="" strong="">