Labour Supply Activity
- The Econosaurus
- Jan 27
- 1 min read
In the first activity, students compare a range of jobs and consider which are likely to attract the most applicants. This opens up discussion around factors affecting labour supply, such as population size, required qualifications, training time, mobility, and non-pecuniary benefits of work.
The second activity builds on this by introducing labour supply elasticity. Students explore what happens when wages for each job rise by 20%, and consider how the number of applicants might respond. Students find labour elasticities really tough, plus some exam boards don't require a deep knowledge , so I've included a few suggestions on how to adapt the activity.