The University of Southampton
Courses

ECON3027 Labour Economics

Module Overview

The module will introduce students to key theories in the analysis of labour markets and to develop knowledge of the relevant institutional framework. The module aims to relate both theory and evidence to key policy issues.

Aims and Objectives

Module Aims

To introduce students to key theories in the analysis of labour markets and to develop knowledge of the relevant institutional framework. The module aims to relate both theory and evidence to key policy issues.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Demonstrate knowledge and understanding of how labour markets work in theory and in practice
  • Use quantitative reasoning in economic contexts
  • Use problem solving skills
  • Apply economic principles to the analysis of labour market issues;
  • Make a critical evaluation of current policy debates in the area
  • Improve your written and oral communication skills

Syllabus

The module aims to relate both theory and evidence to key policy issues. The module reviews key developments in modern labour markets. It takes as its starting point the theory of competitive labour markets, analysing the role of demand and supply factors in determining the wage structure. We analyse the role of investment in education and training in determining the interpersonal wage structure. The second part of the module focuses on those aspects of the labour market that are more difficult to explain in terms of standard competitive theory. We look at imperfectly competitive labour markets; we explore the implications of imperfect information for the operation of the labour market and the role of various labour market institutions. We will be looking at different methods used in this area, from economic theory to empirical and, possibly, experimental methods.

Learning and Teaching

Teaching and learning methods

Lectures and small group sessions.

TypeHours
Independent Study126
Teaching24
Total study time150

Resources & Reading list

Labor Economics. 

Material on Blackboard: videos, readings, etc.. 

To be assigned during the academic year. 

Assessment

Assessment Strategy

2 two-hour final examination 80%; 20% coursework.

Summative

MethodPercentage contribution
Assignment  ( words) 10%
Exam  (2 hours) 80%
Multiple choice Test  (30 minutes) 10%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

Linked modules

Prerequisites: ECON1002 and ECON1001 (or ECON1003)

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