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International Macroeconomic Case Study Report

Content Page Introduction: description of the intent of this report and how to go about it • Section A: Background of the organization Fair Work Commission Australia (check its website) to get some general background about this Australia governmental agency – confined to 150 words or less. Write about its objectives, goals and basic functions. And of course the purpose and reason of producing this report. (remember that you are engaged by this agent to produce the report.) • Section B and with sub-sections like B.1, B.2 and so on: on literature review on key ideas, concepts and theories relating to General Labor Supply (very briefly), Backward Bending SS Curve (very briefly), Efficiency Wage Theory (more effort on this), and Pay – Performance. Five Models, FOCUS MORE ON THIS SECTION. This requires rigorous references of research articles, news paper write out and also those articles (emphasis should be given to DR TAYLOR’s paper on Efficiency Wage Theory) as per in articles attached. Key concepts and few important models are mainly found in these articles and a bit of lecture supplement notes/research. (Preferable 1200 to 1500 words). Section C and with sub-sections like C.1, C.2 and so on: relate those key concepts discussed in section B that can be applicable to a specific firm, case or situation (preferably in Singapore context) and discuss how these ideas and concepts can be used here and some issues (some usefulness as well as some possible problems) can be encountered while implementing a Efficiency Wage and Pay Performance structure based on the conceptual framework proposed here. (preferably 300 to 500 words) Discover (failure/success in firms of such application) Section D: a brief recommendations and comments (100 to 300 words) Conclusion (about 100 words) Appendices: (No word count)