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.
Prerequisites: ECON1002 AND (ECON1001 OR ECON1003)
Aims and Objectives
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
- Make a critical evaluation of current policy debates in the area
- Apply economic principles to the analysis of labour market issues;
- Use problem solving skills
- Improve your written and oral communication skills
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.
|Total study time||150|
Resources & Reading list
Material on Blackboard: videos, readings, etc..
To be assigned during the academic year.
Labor Economics. McGraw Hill.
Final Assessment (70% of the final mark), a group video presentation (20%) and continuous successful participation in class (10%). In the event of you having to re-sit this unit, your presentation and participation marks will not be carried forward
This is how we’ll formally assess what you have learned in this module.
This is how we’ll assess you if you don’t meet the criteria to pass this module.
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Repeat type: Internal & External