Module ECON3081: LABOUR ECONOMICS

Department: Economics, Finance and Business (Economics and Finance)

ECON3081: LABOUR ECONOMICS

Prerequisites

• Economic Principles II: Microeconomics (ECON2021).

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• The module aims to build upon material introduced at Levels 1 and 2 in order to develop an understanding of some of the principal issues in modern labour economics, while providing opportunities to practise and develop a range of key skills.

Content

• The demand for labour
• The supply of labour
• Labour market equilibrium
• Human capital and information
• Discrimination in the labour market
• Compensating differentials
• Incentives, labour effort and pay
• Models of efficiency wages
• Models of trade union wage determination
• Minimum wages
• Job search and unemployment duration
• The macroeconomics of unemployment
• Topics in Labour Economics

Learning Outcomes

• On completion of the module, students should be able to demonstrate knowledge and understanding of key aspects of modern labour economics, drawing on relevant theory and empirical evidence.

• On completion of the module, students should be able to apply the tools of economic analysis to selected issues in labour market policy.

• Written Communication - through formative and summative assessment
• Initiative - by selecting and researching relevant literature and information in preparation for tutorial classes, formative assessment and the written examination.
• Problem solving and analysis - by exercising critical thinking in applying relevant theory and empirical evidence to the analysis of problems and issues encountered in seminar worksheets and summative assessment.
• Numeracy - by applying core mathematical and quantitative skills to complete a range of seminar exercises.
• Computer Literacy and Information Retrieval - by word processing, accessing and downloading material form DUO, using e-mail to communicate with class leader and other students, undertaking bibliographic search and information retrieval for their student-centred learning topic.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Teaching is by lectures, tutorials and support for student-centred learning. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes and private study (inlcuding student-centred learning). Formative assessment is by means of a piece of written work. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

One piece of written work of not more than 1500 words.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University