IRE244H1 Study Guide - Midterm Guide: Labour Economics, Deindustrialization, Frictional Unemployment

• School: UTSG
• Department: Employment Relations, Centre for Industrial Relations and Human Resources
• Course: IRE244H1
• Professor: Frank Reid

Document Summary

Ire244 midterm review by zzy (week 1: difference between ir,er, hr&lr. Human resources: study of relations between employees&management in nonunion/all workplaces. Labour relations: study of relations between labour&management in unionized workplace. Ir -> often used in the narrow sense of labour-management relations at unionized workplaces. Er -> sometimes used in a narrow sense to refer to employment issues at non-union workplaces: the economic environment. Assumptions of competitive model (cid:862)la(cid:396)ge(cid:863) number of employers -> enough employers to compete (i. e. if one company makes decision, others (cid:449)o(cid:374)(cid:859)t find out immediately) Employers = wage takers (no role plays) = wage set by market. No artificial barriers to entering occupation: supply of labour. Refers to the number of ppl who want to work. Depends on: wage rate (total compensation, working conditions, amount of training required, preferences of employees. Greater wage rate = more ppl willing to work, other things equal.