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ECS2604 Assignment 4 Memo Labour Demand Elasticity Impact

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This document provides a structured ECS2604 Assignment 4 Memo 2026 study guide focused on labour demand elasticity and its economic impact. It is designed to help students understand key microeconomic principles and how labour markets respond to changes in wages, productivity, and economic conditions. The material covers essential topics such as labour demand theory, elasticity of demand, wage determination, employment levels, substitution and income effects, and market responsiveness. It is organized to support critical thinking, data interpretation, and academic writing for economics assignments. Ideal for revision, coursework preparation, and exam support, this resource helps students strengthen understanding of labour economics and market behavior.

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ECS2604 om
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ASSSIGNMENT 4 MEMO 2026
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DUE DATE: 20 APRIL 2026
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ECS2604 ASSIGNMENT 4 2026
DUE 20 APRIL 2026




QUESTION 1


1.1 Explain, with the aid of a figure, the impact of labour demand elasticity on
employment because of a wage increase in the unionised sector.




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When a trade union successfully negotiates a wage increase above the market-clearing
level, the impact on employment is not fixed; it depends entirely on how sensitive
employers are to the wage change. This sensitivity is measured by the elasticity of
demand for labour (Yu, 2018, ch. 5).




Te extent to which unions affect employment by increasing the cost of labour depends
on the elasticity of the demand for labour (ECS2604 Summarised Notes, p. 17).




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