OverviewThis is a one unit module offered by the School of Economics in the Autumn Term to final year students who have completed at least Stage II level or equivalent modules in macroeconomics and microeconomics.
The market for labour is the crucial mechanism that determines the distribution of income, work and opportunities. Macro factors such as globalisation, (im)migration, technological change and government policy will affect and be affected by the structure of labour markets. Rather than trying to cover the entirety of this very broad subject, the aim of this course is to focus on a few areas of topical interest and importance. We will examine the issues like the following:
1. The relationship between unemployment and wages
2. The impact of immigration on the resources of the lower skilled
3. The differences in pay and opportunities between men and women
4. Government policy towards skills and education
5. Executive pay
Throughout we attempt to integrate theoretical issues, empirical evidence and questions of policy, drawing on research covering a range of OECD countries.
This module appears in:
This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Method of assessment
In Course Test, (45 minutes) (20%)
Examination (2 hours) (80%)
By the end of the module you will be able to:
* demonstrate knowledge and critical understanding of labour market outcomes and their relevance to policy debates.
* critically evaluate the role and contribution of labour market institutions.
* understand how economic data can be used to address policy relevant questions and the problems that arise in this consideration.
* demonstrate knowledge and critical understanding of recent debates in labour economics.
* demonstrate understanding of why and how economists differ in their analyses of labour markets.