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Eco 418: Economics Of Labour And Industry 1 Question Paper

Eco 418: Economics Of Labour And Industry 1

Course:Bachelor Of Arts In Economics

Institution: University Of Kabianga question papers

Exam Year:2017

SCHOOL OF BUSINESS AND ECONOMICS.

Department of Accounting, Finance and Economics.

2016/2017 Academic Year.

FOURTH YEAR FIRST SEMESTER EXAMINATION.

FOR THE DEGREE OF BACHELOR OF ARTS (ECONOMICS)

ECO 418: ECONOMICS OF LABOUR AND INDUSTRY 1

Instructions: Answer Question ONE and any other THREE.

Question One [25 Marks]

a). "Labourmarket do not always operate under competitive conditions because of certain features that hinder the forces of demand and supply to operate freely making the labour market to be in disequilibrium almost indefinitely." Assess the statement in relation to Kenya. (10 Marks)

b). Using a well labelled diagram, discuss how monopolist determines wages of a labourer. (9 Marks)

c). "Despite the importance of productivity, there are various limitations to productivity improvement in developing countries." Discuss. (6 Marks)

Question Two (15 Marks)

a). With examples, explain how Malthusian theory of population has stood the test of time. (8 Marks)

b). Discuss the factors that are responsible for wage differential between occupations. (7 Marks)

Question Three (15 Marks)

a). Explain grounds under which increment claims may be made by trade unions. (8 Marks)

b). Describe the factors that limit the success of trade unions in developing countries. (7 Marks)

Question Four (15 Marks)

a). Explain the sources and cost of human capital acquisition. (8 Marks)

b). Discuss the factors which determine efficiency of labour in a country. (7 Marks )

Question Five (15 Marks)

a). Using diagrams, differentiate between elasticity of demand for labour and elasticity of supply of labour. (8 Marks)

b). Clearly explain why agricultural wages tend to be lower than industrial wages in your country. (7 Marks)

Eco 418: Economics Of Labour And Industry 1 Question Paper

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