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Econ 345 Economics Of Labour Question Paper

Econ 345 Economics Of Labour

Course:Bachelor Of Science In Economics And Statistics

Institution: Chuka University question papers

Exam Year:2011

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CHUKA UNIVERSITY
COLLEGE
UNIVERSITY EXAMINATIONS
THIRD YEAR EXAMINATION FOR THE AWARD OF DEGREE OF
BACHELOR OF SCIENCE (ECONOMICS & STATISTICS)
ECON 345: ECONOMICS OF LABOUR
STREAM: B.SC (ECON. & STATISTICS) Y3S1 TIME: 2 HOURS
DAY/DATE: THURSDAY 4/8/2011 8.30 A.M. – 10.30 A.M
INSTRUCTIONS:
Answer all the questions.
Do not write on the question paper.
1. Write short notes on the following terms;
(a) Labour force
(b) Marginal Revenue Product Theory (MRPL) to demand for labour. [8 marks]
(c) Assumptions and limitations to MRPL theory. [10 marks]
(d) Explain in detail using a diagram why individualslabour supply is backward bending.
[10 marks]
2. (a) Explain the costs of unemployment. [5 marks]
(b) Discuss the various types of unemployment. [10 marks]
(c) Explain the effects of trade unions on wage and unemployment. [5 marks]
3. (a) Why do people choose to migrate? [3 marks]
(b) Explain the term separation and also clearly explain systematic factors that
influence the patterns of job mobility.
(c) Discuss the Human Capital Theory to investment in education. [8 marks]
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Econ 345 Economics Of Labour Question Paper

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