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Labour Economics Question Paper

Labour Economics

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2010

UNIVERSITY EXAMINATIONS: 2009/2010
THIRD YEAR EXAMINATION FOR THE DEGREE OF BACHELOR OF
COMMERCE
CAM 307-H: LABOUR ECONOMICS
DATE: AUGUST 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer question ONE and any other TWO questions
QUESTION ONE
a) Distinguish between the following concepts as used in labour economics?
(i) Real wages and Nominal wages
(ii) Division of labour and specialization
(iii) Monopoly and monopsony
(12 Marks)
b) Discuss the various costs involved in labour mobility?
(8 Marks)
c) Define the term “relative wages” and explain its main determinants? (10 Marks)
QUESTION TWO
a) Briefly explain the importance of employment in the Kenyan economy? (4 Marks)
b) Explain any four types of employment experiences in rural areas of Kenya and in each case
suggest at least two policy initiatives that may be taken by the government to contain the
situation? (16 Marks)
2
QUESTION THREE
a) (i) Define the term labor market imperfection? (2 Marks)
(ii) Explain the main features of labour market imperfections? (8 Marks)
b) Why is the bargaining power of trade unions more limited in Eastern Africa countries?
(10 Marks)
QUESTION FOUR
a) Define the elasticity of supply of labour and explain its main determination in a perfect market?
(10 Marks)
b) Explain the main determinants of Labor productivity-productivity in a large scale production?
(10 Marks)
QUESTION FIVE
(a) (i) Define the term search period? (2 Marks)
(ii) Explain the determinants of search period in developing countries?
(4 Marks)
(b) (i) Using a well illustrated diagram, explain the meaning of labor intensive technique? (8 Marks)
(ii) Briefly explain the determinants of the choice of a technique of production by
firms? (6 Marks)

Labour Economics Question Paper

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