Skip to main content

Module

Labour Economics

Module description

The module examines the behaviour of workers and firms in modern economies. The first part of the module will introduce labour demand, labour supply, the labour market, and the human capital model, with appropriate applications. These will be followed by contemporary topics in the labour economics literature and the current economic policy agenda, and social debates: for instance, the effects of minimum wages, discrimination and labour market outcomes, what discrimination is and how to assess its extent, and gender disparities in the labour market, also due to the COVID-19 pandemic. The module contains both theoretical and empirical components and will include the interpretation of estimates from econometric analyses. 

Full module specification

Module title:Labour Economics
Module code:BEE3057
Module level:3
Academic year:2022/3
Module lecturers:
  • Professor Sonia Oreffice - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

BEE2025 and BEE2026

Co-requisites:

None

Duration of module: Duration (weeks) - term 1:

11

Module aims

-Provide students with the microeconomic tools needed to analyse a range of labour market issues and to critically examine workers’ and firms’ behaviour and the impact of related public policies, both from theoretical and empirical perspectives.

-Help students to understand contemporary issues in labour economics and public policy, and society overall.  

ILO: Module-specific skills

  • 1. Apply standard economic principles to the analysis of labour market behaviour
  • 2. Describe the main features of, and trends in, the UK labour market
  • 3. Interpret relevant labour market data and empirical findings

ILO: Discipline-specific skills

  • 4. Interpret relevant data and empirical findings
  • 5. Assess appropriate policy responses for different labour market and social problems

ILO: Personal and key skills

  • 6. Demonstrate awareness of the role of numerical evidence in Economics
  • 7. Demonstrate written communication skill

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
281220

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled Learning and Teaching22Lectures
Scheduled Learning and Teaching5Tutorials
Scheduled Learning and Teaching1Revision
Guided Independent Study122Independent Study

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial QuestionsIn-class1-7In class feedback from tutor

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
In-class test3040 minutes1-7Individual Feedback
Final Exam702 hours1-7Indicative solutions on ELE
0
0
0
0
0

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
In-Class Test (30%)In-Class Test (30%) (40 minutes)1-7August re-assessment period
Final examination (70%)Final Examination (70%) (2 hours)1-7August re-assessment period

Syllabus plan

Indicative content includes:

  • Labour supply and demand
  • Labour market equilibrium and non-perfectly competitive firms
  • Education and training
  • Labour market discrimination and labour market outcomes
  • Labour mobility and immigration

The learning and teaching strategy is designed to:

  • Enhance skills in analytical and critical thinking, and in written and verbal presentation
  • Appreciate the complexities of decision making, weighing theory and practice

Indicative learning resources - Basic reading

Basic reading:

 

Essential Reading

Borjas, G. J. (2019), Labor Economics, 8th edition, McGraw-Hill.

 

Additional readings (excerpts of recent research articles, policy reports, and articles from The Economist) will be assigned. The exact references will be provided by the instructor.

 

 

Background Reading

 

Becker, G. (1998), Accounting for tastes

Becker, G. and Nashat Becker, G. (1998), The economics of life

Becker, G. (1992), “The economic way of looking at life”, Nobel Lecture.

Deaton, A. (2013), The great escape: health, wealth, and the origins of inequality

Dixit, A. and Nalebuff, B. (2008), The art of strategy

Dixit, A. and Nalebuff, B.  (1993), Thinking strategically

Fogel, R. (1995), Time on the cross

Hamermesh, D (2013), Beauty pays

Hamermesh, D (1996), Labor demand

Krugman, P. (2012), End this depression now

Krugman, P. (1999), The accidental theorist

Levitt, S. and Dubner, S. (2007), Freakonomics

Stiglitz, J. (2012), The price of inequality

Wilson, W. (1990), The truly disadvantaged

Zingales, L. (2012), A capitalism for the people

The Economist providing contextual articles and current examples.

 

ELE – https://vle.exeter.ac.uk/course/view.php?id=8923

Module has an active ELE page?

Yes

Origin date

17/02/2020

Last revision date

25/11/2021