EC304 Principles of Economics,
EC305/EC306 Mathematics for Economics,
EC309 Statistics for Economics are pre-requisite modules
EC580 is recommended for this module. Single Honours students will normally take this as a compulsory module
OverviewThis course examines the economic relevance of human capital. We will begin by defining and categorizing different types of human capital, and then consider the economic importance of human capital both to individuals and to society. The course will explore the connections between human capital and the labour market, as well as social outcomes such as crime. We will discuss some of the challenges faced in identifying a causal effect of human capital on individual and social outcomes. Students will learn about 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. We will consider the effects of specific policy interventions on human capital development, drawing on examples from developing and developed countries.
This module appears in:
Method of assessment
10% In Course Test
10% Essay (1500 words)
80% Examination (2 hours)
Sloan, F. and C-R. Hsieh (2012), 'Health Economics', MIT Press.
Borjas, G. (2016), Labor Economics, McGraw Hill.
Sloane, P., Latreille, P. and N. OLeary (2016), Modern Labour Economics, Routledge.
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