Year of entry: 2022
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Course unit details:
Topics in Labour Economics
|Unit level||Level 3|
|Teaching period(s)||Semester 2|
|Offered by||School of Social Sciences|
|Available as a free choice unit?||No|
|Unit title||Unit code||Requirement type||Description|
|Principles of Microeconomic Theory 2: Markets, Prices and Strategy||ECON10172||Pre-Requisite||Compulsory|
(ECON20110 Econometrics or ECON20222 Quantitative Economics) AND (ECON10232 Microeconomics 2 or ECON20232 Microeconomics 2 or ECON10172 Principles of Microeconomic Theory 2)
The course aims to:
- Introduce students to imperfect labour markets and policies aimed at addressing the respective imperfections
- Understand and apply key econometric and statistical methods to empirically study (imperfect) labour markets and policies
- Develop critical analysis skills to evaluate (labour market) policies and economic studies
- Develop the employability skill of describing and discussing labour market policies to a broader audience
The course covers “Imperfect Labour Markets” and polices aimed at addressing it:
1. Introduction to imperfect labour markets
2. Minimum wages
4. Gender Pay Gap
5. Family Policies
7. Unemployment insurance and active labour market policies
8. If time permits: Pension, Retirement
Teaching and learning methods
New content will be delivered to students asynchronously (reading) as well as synchronously through lectures. The virtual learning environment (VLE) will clearly guide students through the different sources of content.
Students’ learning will be supported by offering regular tutorials in smaller groups. In these tutorials students will be given the opportunity to work on problems, discuss applied cases and policy problems with their peers and teaching staff as well as practice their presentation skills.
Tutorials are an important source of formative feedback for students as they will be able to assess their state of understanding of the material through engagement in tutorials. In addition, students will be able to use a discussion board in which they can test their understanding as well as ask questions to their peers and the teaching staff.
In addition to these formative feedback opportunities, the in-term assessments (see below) will provide summative and formative feedback to students.
Knowledge and understanding
- Understand how economic research can inform the discussion on labour market policies
- Understand the (econometric) methods to evaluate labour market policies
- Evaluate current policies and research
- Be able to independently read current empirical research in Labour Economics as well as communicating it to a non-economist audience
- Critically evaluate applied work and policies in the fields of Labour Economics
- Understand advantages and limitations of each econometric method and their applications in Labour Economics.
- Independently identify and assess relevant literature
- Identify suitable econometric technique(s) relevant to research questions in the fields of Labour Economics.
Transferable skills and personal qualities
- Concisely summarise empirical results and compile research reports.
- Be able to evaluate the design of policies by drawing on the discussions and methods introduced in this module
- Present research, empirical results, and policy evaluations
Coursework: referee Report (30%)
Primary readings for the course are the following:
Boeri and Van Ours, “The Economics of Imperfect Labor Markets”, Third Edition, Princeton University Press
Additional readings on specialised topics and empirical case studies are made available each week via the online learning platform.