Economists believe that immigration has impact on the UK labour market
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What am I required to do in this assignment?
Economists believe that immigration has impact on the UK labour market. However, there is a debate over its positive and negative effects.
One group of economists believe that the inflow of labour from other countries has had a beneficial effect on the supply of labour and that, in particular, many public services rely on workers from other countries. Migrants of working age are significantly more likely to be in employment than their indigenous counterparts and make a positive contribution to the UK’s public finances.
However, another group of economists argue that substantial number of migrants remit some of their income to their home countries and this can be regarded as a loss for the UK economy.
Write a critical essay to exploring both sides of the issue and contribute towards solving upcoming challenges and help policymakers.
You are required to produce an economic essay of to explain how number of migrants could possibly affect the UK economy You are required to use different concepts covered throughout the module (e.g. circular flow of income, labour market and GDP) in your discussion. Moreover, you should use graphs and diagrams to support your explanations.
Main concepts to cover:
- Circular flow of income with diagram
- Gross Domestic Production (GDP)
- Labour market
- Unemployment
Need to demonstrate ability of :
- to identify, appropriate material to read;
- to understand and evaluate that material;
- to select the most relevant material to refer to in their essay;
- to construct an effective argument;
- to arrive at a well-supported conclusion.
- Demonstrate the following knowledge and understanding – Outline and discuss both main pillars of Economic Science; Microeconomics and Macroeconomics and display an understanding of how the theoretical foundations of Economics relate to current actual events and policies
- Demonstrate the following skills and abilities – Identify market equilibria at the microeconomic level for both perfectly and imperfectly competitive markets and differentiate between the different approaches in explaining current economic problems at all levels including the evaluation of economic aggregates and the relationships between them.
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