EC304 Principles of Economics,
EC305/EC306 Mathematics for Economics,
EC309 Statistics for Economics are pre-requisite modules
OverviewThis course examines the economic relevance of human capital. It begins by defining and categorizing different types of human capital, and then considers the economic importance of human capital both to individuals and to society. The course then proceeds to explore the connections between human capital and the labour market, as well as social outcomes such as crime. Finally, it will discuss the challenges faced in identifying a causal effect of human capital on individual and social outcomes. Specific consideration will be given to how econometric techniques can be used to obtain causal effects.
The course will also study how human capital is formed and how it can be influenced by policy intervention. It will consider the effects of specific policy interventions on human capital development, drawing on examples from developing and developed countries.
This module appears in:
This module is an elective for all Single and Joint Honours 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) (10%)
Essay, (1500 words) (10%)
Examination (2 hours) (80%)
Sloan, F. and C-R. Hsieh (2012), 'Health Economics', MIT Press.
Borjas, G. (2016), 'Labor Economics', McGraw Hill.
Sloane, P., Latreille, P. and N. O'Leary (2016), 'Modern Labour Economics', Routledge.
By the end of this module you will be able to:
* demonstrate knowledge and understanding of human capital.
* apply microeconomic concepts and principles to the acquisition of human capital.
* identify the consequences of market failure and their impact on human capital development.
* understand the private and social effects of human capital.
* recognise the process of human capital formation and the role of policy intervention.
* understand the challenges and methods involved in identifying and measuring human capital outcomes.