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Wages

Unit 8: Theory of Factor PricingTopic 2 of 4
Browse the Microeconomics for Business syllabus

Microeconomics for Business

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What the syllabus expects

  • Marginal-productivity theory
  • Collective bargaining
  • Minimum-wage fixation
  • Wage differentials

Wages

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 8: Theory of Factor Pricing

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

  • Explain the scope and key elements of wages.
  • Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

  • Marginal-productivity theory
  • Collective bargaining
  • Minimum-wage fixation
  • Wage differentials

Detailed Microsyllabus

  1. Wage determination

    1. Marginal productivity and the demand for labor.
    2. Wage determination with labor supply.
    3. Assumptions and limitations of productivity-based explanation.

  2. Institutional wage influences

    1. Collective bargaining and negotiated outcomes.
    2. Minimum wage fixation as a syllabus concept.
    3. Skill, occupation, location and other wage differentials.

Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.