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Labour Economics Question Paper

Labour Economics

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2010

1
UNIVERSITY EXAMINATIONS: 2009/2010
SECOND YEAR STAGE 2 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CAM 307-H : LABOUR ECONOMICS
DATE: APRIL 2010 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and Any other TWO Questions
QUESTION ONE
a) Distinguish between the following paired concepts as used in labour economies
i. Real wage and Nominal wage
ii. Division of labour and specialization.
iii. Monopoly and monopsony.
(12 Marks)
b) Discuss various costs incurred 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 experienced 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)
QUESTION THREE
a) (i) Define the term labour market imperfections (2 Marks)
(ii) Explain the main features of labour market imperfection (8 Marks)
b) Discuss the importance of human capital formation in a country (10 Marks)
QUESTION FOUR
a) Define the elasticity of supply of labour and explain its main determinants in a perfect market
(10 Marks)
b) Explain the main determinants of labour productivity in a large scale product (10 Marks)
QUESTION FIVE
a) (i) Define the term search period (2 Marks)
(ii) Explain the determinants of search period in developing countries (8 Marks)
b) (i) Using a well illustrated diagram, explain its meaning of labour intensive techniques
(4 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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