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ECO 271: Theories of Human Resources

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Abstract

The course introduces students to the significance of labour as a factor of production. Theories of labour market; human capital theory, screening/filter theory, dualistic theories. Labour market imbalances: unemployment and underemployment. The development and management of human resources; strategies for development, investment in human capital, forecasting manpower requirements, manpower utilization and theory of incentives. Education, employment and work; their interactions.