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: ECON1021 AND (ECON1020 OR ECON1022)
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.
Lectures and small group sessions.
Final assessment (worth 70% of the final mark), a group video presentation (20%) and online tests (10%). This is supported by continuous formative assessment through problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through 100% final assessment.
Repeat type: Internal & External