Must Watch Revision Videos on Labour Markets for A | tutor2u Economics
tutor2u
Cart
Our Subjects
Specialist Channels

Economics

Explore Economics Search
Economics Blog
Exam technique advice

Must Watch Revision Videos on Labour Markets for A Level Economics

Geoff Riley

1st June 2017
Print page
Share:
Share on Linkedin Share on Google

Here is our selection of key revision videos to use as you cover labour market economics in your final revision for A Level Economics.

LABOUR SUPPLY: The labour supply is the number of hours people are willing and able to supply at a given wage rate. This revision video looks at some of the key factors affecting labour supply to particular industries and occupations.
LABOUR DEMAND: This revision video considers some of the key factor affecting labour demand and also looks at changes in employment in manufacturing and construction in the British economy over the long term.
CAUSES OF PAY (WAGE) DIFFERENTIALS: One key feature of the UK labour market is the wide dispersion in weekly pay across different occupations and industries. This topic video explores some of the causes and looks at lots of recent contextual data on wage and earnings differentials.
LABOUR MIGRATION & THE UK ECONOMY: The scale of net inward migration into the UK economy now appears to be falling in part because of a statistically significant reduction of migration from EU member states. This revision video looks at some of the possible effects of a lower rate of inward migration for a country such as the UK. Net inward migration affects both the demand and the supply-side of the economy and has macro and micro impacts.​
LABOUR MARKET FAILURE: This is a recording of a revision webinar covering aspects of labour market failure. Unemployment and economic inactivity in the UK labour market are falling, but when we disaggregate the market we find that there remain persistent issues including risks of extreme poverty, labour immobility, skills shortages and the issues facing workers in vulnerable jobs perhaps facing a monopsony employer.
EVALUATING MARGINAL REVENUE PRODUCT: This short revision video looks at the problems in accurately measuring the marginal revenue product from employing an extra worker.
MONOPSONY IN THE LABOUR MARKET: ​Monopsony is a labour market structure in which there is a single powerful buyer of a particular type of labour. For example, the main buyer of the labour of doctors and nurses is the NHS or large employers such as Capita, G4S, Amazon and Sports Direct.
GENDER PAY GAP: The gender pay gap is the measured difference between male and female earnings, usually expressed as a percentage of male earnings. In the UK, the gender pay gap across all full-time and part-time work is around 20%. ​This short video looks at some of the reasons behind the persistent gender pay gap in labour markets.​
TRADE UNIONS - WAGES AND JOBS: Trade Unions may use their collective bargaining power and bid for employers to pay a premium wage (or “wage mark-up”) above the normal competitive market wage. However, this might lead to an excess supply of labour and a contraction of total employment. This short revision video takes students through the basic analysis and some core evaluation arguments.
MINIMUM WAGE EVALUATION: ​This revision video considers some of the economic arguments for and against raising the national minimum wage in a labour market. It also has some suggestions for deeper evaluation and balanced evaluation of the benefits and costs of a pay floor.

Subscribe to email updates from the tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Associate Tutor

Peter Jones Foundation, Home-based (London/Marlow office if preferred)

Print page
Share:
Share on Linkedin Share on Google

Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.

Related Collections

Your Might Also Like

Show more

From the Blog

Show more

More Exam technique advice

Popular Content

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u

Subjects

Company

Contact

Boston House,
214 High Street,
Boston Spa,
West Yorkshire,
LS23 6AD

Tel: +44 0844 800 0085
Fax: +44 01937 842110

Follow us

Partners

We’re proud to sponsor TABS Cricket Club, Harrogate Town AFC and the Wetherby Junior Cricket League as part of our commitment to invest in the local community

Company Reg no: 04489574 | VAT reg no 816865400

© Copyright 2015 | Your privacy | Cookies | Terms of use

Back to top

A New Home for tutor2u Resources

We've just flicked the switch on moving all our digital resources to instant digital download - via our new subject stores.

For every subject you can now access each digital resource as soon as it is ordered. This will always be the latest edition of each resource too (and we'll update you automatically if there is an upgraded version to use).

Simply add the required resources to your cart, checkout using the usual options and your resources will be available to access immediately via your mytutor2u account.