Labor Markets and Inequality · Microeconomics

Wage Determination

Investigating how the demand for and supply of labor interact to set pay scales across different industries.

Key Questions

  1. 1What incentives drive the wage gap between skilled and unskilled workers?
  2. 2How does a monopsony employer influence the equilibrium wage?
  3. 3Who benefits from the implementation of a national living wage?

National Curriculum Attainment Targets

A-Level: Economics - The Labour MarketA-Level: Economics - Wage Determination
Year: Year 13
Subject: Economics
Unit: Labor Markets and Inequality
Period: Microeconomics

Suggested Methodologies

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