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Cam 307: Labour Economics Question Paper

Cam 307: Labour Economics

Course:Bachelor Of Commerce

Institution: Kca University question papers

Exam Year:2009

1
UNIVERSITY EXAMINATIONS: 2009/2010
THIRD YEAR STAGE 1 EXAMINATION FOR THE DEGREE OF
BACHELOR OF COMMERCE
CAM 307: LABOUR ECONOMICS (EVENING CLASS)
DATE: DECEMBER 2009 TIME: 2 HOURS
INSTRUCTIONS: Answer Question ONE and Any other TWO Questions
QUESTION ONE
a) Explain the importance of human capital formation in developing countries (10 Marks)
b) i) Define monopsony
ii) Explain with the aid of a diagram how wages are determined under monopsony (6 Marks).
iii) Highlight the factors which has contributed to the increase of the participation rate of
women in the labour market (4 Marks).
iv) Highlight the main factors determining the efficiency of labour (6 Marks)
v) Explain two types of employment that exist in any economy (4 Marks)
QUESTION TWO
a) Explain the main reasons for wage differential in any economy (10 Marks)
b) Explain with the help of mathematical equation the following terms
i. Average physical product of labour
ii. Marginal physical product of labour
iii. Production function
iv. Unemployment rate
v. The unions bargaining power (10 Marks)
2
QUESTION THREE
a) Discuss any two theories of wages (10 Marks)
b) Highlight the monetary policy measures to reduce unemployment in any economy (10 Marks)
QUESTION FOUR
a) Explain with the aid of a diagram, the influence of trade union in a perfectly competitive
labour Market situation (10 Marks)
b) i) Explain the types of labour mobility (4 Marks)
ii) Highlight the barriers to any of two types of labour mobility (6 Marks)
QUESTION FIVE
a) Highlight the determinants of labour demand and supply (10 Marks)
b) Explain the non- effectiveness of trade union in developing countries (10 Marks)

Cam 307: Labour Economics Question Paper

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