Outline LAE 5
Course:
Code:
Credits (ECTS):
Instructor:
Classes:
Aims:
Text:
Participation:
Assessment:
Labour Economics
LAE 5
3
Candidate of Economics, Assoc. Prof. T. Razumova
8 weeks; two 2-hour meetings per week; lectures, student
presentations, discussions.
This module is designated for students with rather extensive
backgrounds in economics. Microeconomics - 2 and
macroeconomics - 2 are the prerequisites.
This module presents a comprehensive application of
economic analysis to the behaviour of, and relationship
between, employers and employees. The core of the studies
includes labour demand and supply, wage theories,
investments in human capital, discrimination,
unemployment, trade union effects, etc. Labour economics
is also useful in the analysis and evaluation of labour-related
policies adopted or considered by the government.
The module aims to ensure a mastery of the fundamentals
of labour economics and the know-how of social implications
of concepts studied.
The employment relationship is one of the most fundamental
relationships in our lives. This module presents a
comprehensive application of economic analysis to the
behaviour of, and relationship between, employers and
employees. Labour economics is also useful in the analysis
and evaluation of labour-related policies adopted or
considered by the government.
This module is designated for students with rather extensive
backgrounds in economics.
The module aims to ensure a mastery of the fundamentals
of labour economics and the know-how of social implications
of concepts studied.
Ehrenberg R.G., Smith R.S. Modern Labour Economics:
Theory and Public Policy. - 5-th ed. Harper Collins. 1994.
A student is supposed to attend classes, participate in
discussions, make a team-presentation and a written project
on any of the topics studied.
One 2-hour written examination including problems and
open questions.
The final score is calculated as:
Exam + Presentation + Project + Participation Rate,
or 40+20+20+20 = 100 points.
The final grade for the module is calculated as:
"Excellent":
75-100; "Good":
65-74;
"Satisfactory": 50-64; "Failed"
0 - 49.
Teaching
Methods:
1
Weekly Schedule:
Week
Topic
1
Introduction to Labour Economics and Labour Market.
The Demand for Labour.
2
Elasticity of Labour Demand. Multi-period Demand for
Labour
3
Supply of Labour.
4
Compensating Wage Differentials.
Investments in Human Capital.
5
Pay and Productivity. Market Discrimination.
6
Unions and Collective Bargaining.
Public Sector Labour Markets.
7
Inequality in earnings.
8
Unemployment, Inflation, Productivity Growth.
9
EXAM
Chapter
1-3
4-5
6-7
8-10
11-12
13-14
15
16-17
2
Summary of Common Professional
Components (CPC) Compliance
1. Accounting
Learning hours
Self study
26
16
5. Economics
66
54
6. Global dimensions of business
16
10
7. Organizational Behavior
8
4
4
2
120
86
2. Business Ethics
3. Business Finance
4. Business policy/strategy
8.
Comprehensive
of
Integrating
experience / Project
9. Legal business environment
10. Management
11. Marketing
12. Management information system/
Information technology
13. Production (operation) management
14.
Quantitative
techniques
and
Statistics
Total
3