Core
5
6 ECTS
Autumn
Introduction to Microeconomics (EC 110),
Introduction to Macroeconomics (EC 130)
EC 340
Goran Mirascic
2017
Labour Economics: Basic Concepts (Introduction)
Overview of the Labour Market
The Demand for Labour
Labour Demand Elasticities
Frictions in the labour Market
Supply of Labour to the Economy: The Decision to Work
The Decision to Work: Household Production, the Family, and the Life Cycle
Compensating Wage Differentials and Labour Markets
Investments in Human Capital: Education and Training
Worker mobility: Migration, Immigration and Turnover
Pay and Productivity: Wage Determination within the Firm
Gender, Race and Ethnicity in the Labour Market
Unions and the Labour Market
Unemployment
Inequality in Earnings
The Labour-Market Effects of International Trade and Production Sharing
| Type | Number per Term | Duration | Total Time |
|---|---|---|---|
|
Lectures |
15 | 1.5 | 22.5 |
|
Workshops |
5 | 1.5 | 7.5 |
|
Seminars |
5 | 1.5 | 7.5 |
| Tutorials | 5 | 1.5 | 7.5 |
|
Total Contact Hours |
45.0 | ||
|
Total Guided/Independent Learning Hours |
105.0 | ||
| Total Engagement Hours | 150.0 | ||
| Type | Number Required | Duration / Length | Weighting | Timing / Submission Deadline |
|---|---|---|---|---|
|
Exam |
1 |
3 hours |
50% |
Week 17 |
|
Mid-semester test |
1 |
2 hours |
20% |
Week 9 |
|
Group project and presentation |
1 |
2000 words 20 minutes |
20% 10% |
Week 10 |
Intended Learning Outcomes:
To understand key economic terminology as used in the field of Labour Economics and to be competent in the reading of field related literature
Critically analyse economic constraints and problems and to systematically approach analysis (and perhaps resolution) of such problems.
Understand the dynamics of the labour market.
Articulate on employers / employees behaviour in the labour market.
Describe how wages, prices, profits and working conditions can impact labour market dynamics
Evaluate how behavioural economics and migration can relate to the labour market
Critically analyse the relationship between wages and productivity
To develop ability to challenge current thinking and engage in debates on contemporary issues and topics.
Analyse a range of information using and comparing alternative methods and choose the method with the most relevant results.
Teaching and Learning Strategy:
Teaching will mostly be done in a lecture format with plenty of real-world examples crucial for understanding the core topics. In addition to the key text book, supplementary resources will be used, including the most recent articles. In this way, students will be able to relate the theoretical part to the current real world issues. (ILO: 1-9)
Project work serves as research/investigation assignment for self-study engagement and for better understanding of current situation in the labour market. It enables students to integrate theoretical concepts with the practical application by analysing popular case studies. (ILO: 1-9)
Tutorials will include appropriate tools and practice problems. Learning is organised and supported to encourage active learning, for example by in-class exercises and supervisor supported study. (ILO: 1-9)
In-class participation and discussion will be used to encourage students to actively present their arguments on the important topics from the field of Labour Economics. (ILO: 1-9)
Assessment Strategy:
Midterm exam and Final exam (ILO: 1-9)
Course projects (ILO:1-9)
Continuous assessment (ILO: 1-9)
Practical Skills:
Ability to identify problems in the field of Labour Economics and apply various solutions for real-life concerns.
To coherently, logically and succinctly advocate positions (not necessarily their own) on employment strategy and policy
To explain concepts, problems, possible solutions to unemployment, informal employment and inactivity to both “expert” and lay audiences
To listen and appreciate alternative points of view on employment policy, position of labor union and employers’ associations
Teaching and Learning Strategy:
Lab exercises with tutor-lead support
Individual and group project assignments (PS: 1-4)
In-class participation (PS: 1-4)(PS: 1-4)
Assessment Strategy:
Midterm exam and Final exam (PS: 1-3)
Group project (PS: 1-4)
Transferable Skills:
A problem-centered and problem-solving approach
Ability to effectively present own point of view
Numeracy Skills
IT skills
Communication Skills: written and oral
Presentation Skills
Data and facts analyses skills
Research Skills
Classify data
Compare, inspect or record fact
Meet deadlines
Good time management
Organize/manage projects
Ability to work independently
Ability to work in the team
Teaching and Learning Strategy:
Tutorials (TS: 1-10, 14)
Group project assignment (TS:1-13, 15)
Assessment Strategy:
Midterm exam and Final exam (TS:1-3, 5, 7, 9, 10)
Group project assignment (TS:1-13, 15)
In-class discussions (TS:1,2,5, 7-10)
Set text
Ronald G. Ehrenberg and Robert S.Smith, (2015) Modern Labor EconomicsTheory and Public Policy, 12th edition, Pearson Education
Supplementary Materials
Borjas, G., (2015) Labour Economics, 7th Edition, McGraw-Hill
Sloane, P., et al., (2013), Modern Labour Economics, Routledge
Thomas, H., (2013), Human Capital and Global Business Strategy, Cambridge University Press
Powell, B., (2015), The Economics of Immigration, Oxford University Press
Bettio, F., et al., (2015), Gender and the European Labour Market, Routledge
Bradley, H., et al., (2008), Ethnicity and Gender at Work: Inequalities, Careers and Employment Relations, AIAA
Elsevier, (2017) Journal of Labour Economics,[online], http://www.journals.elsevier.com/labour-economics/open-access-articles (Accessed 14 April 2017).
European Association of Labour Economists, (2017) EALE [online], www.eale.nl (Accessed 14 April 2017)
MIT, (2016), Lectures in Labour Economics, [online], http://economics.mit.edu/files/4689 (Accessed 14 April 2017)
The Economist (2017), Jobs and Labour [online], http://www.economist.com/topics/jobs-and-labour (Accessed 14 April 2017)
Please note
This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.
More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.
The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production : April 2017
Date approved by School Learning and Teaching Committee:
Date approved by School Board of Study :
Date approved by University Learning and Teaching Committee:
Date of Annual Review:
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