Focuses on the relationship between employers and workers, how the laws of supply and demand operate in the labour market and companies’ need for ‘output’. Students also learn about why people work and analyse ‘the income effect’ and ‘the substitution effect’. Listening exercises focus on the law of diminishing returns and the various reasons why some jobs are better paid than others.
DownloadsClick link to download and view these files
- PDF, Size 19.01 kb
- Other, Size 0.66 mb
- PDF, Size 0.3 mb
- Other, Size 0.75 mb