Great revision resources from Tutor2U
Multiple Choice Quizzes
An important and common focus for examinations, the role impact of TUs in different labour markets is a crucial topic to understand.
This brilliant series of videos from Tutor2U will give you key information about the concepts, lines of analysis and evaluative elements you’ll need to address questions on this topic.
To what extent is it inevitable that trade union activity will lead to higher wages but lower employment? (25 marks)
Due Friday 3rd March
Explain why a television journalist working on the BBC’s Newsnight current-affairs programme would usually be paid a much higher wage rate than a reporter on a local newspaper. (15 marks)
Due Weds 1st Feb
This is a key topic in the study of the labour market and a great theme to focus on in exams: lots of scope for high level evaluation and linking issues together (such as labour markets and inequality)!
Tutor2U has provided (once again) a fantastic summary of the key issues together with some wider reading.
Don’t forget – the trade union/NMW diagrams are very similar – so well worth investing the revision time on.
HOMEWORK: Read the LSE article evaluating the NMW and summarise the key points raised.
Once you have had time to evaluate the key arguments relating to the national minimum wage/living wage, you will work together to develop an answer to the question below:
Evaluate the view that the best way to narrow wage differentials is to increase the National Minimum Wage. (25 marks)
Can a unionised labour force can drive up wages and also increase employment?
Watch this video before our next lesson and be ready to explain your answer.
UPDATE: Also worth looking at this: this helpful summary for a great evaluative angle (i.e. the effects depend on the nature of the labour market in question).
Answer all three questions from this past paper: Labour Markets Essay – Past Paper Question-1
There is so much in the media about the labour market it can be hard to keep up. Here are some interesting articles that relate the theory discussed in lessons to real life.
Lack of skills and impact on wages
Tackling the gender pay gap
This is a common theme in ECON3 exams – and rightly so.
How far do economic theories help to explain the differences in pay between genders and ethnic backgrounds?
This BBC article is an interesting starting point. Read it and use a diagram to illustrate the wage differential it describes.