The course provides an introduction to the theory and practice of contemporary labour economics. The primary focus is on developing and understanding of the determinants of wage rates and employment levels in labour markets. Aggregated indicators related to labour, labour markets, and wages are considered, including labour force participation, evolution and change in labour markets, employment, and unemployment. Factors of wage determination and the theories explaining wage differentials are elaborated. In this course, the analytical tools are used to examine such policy issues as: minimum wage laws, economic impact of trade unions, active labour market policies, labour market discrimination.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
The course provides an introduction to the theory and practice of contemporary labour economics. The primary focus is on developing and understanding of the determinants of wage rates and employment levels in labour markets. Aggregated indicators related to labour, labour markets, and wages are considered, including labour force participation, evolution and change in labour markets, employment, and unemployment. Factors of wage determination and the theories explaining wage differentials are elaborated. In this course, the analytical tools are used to examine such policy issues as: minimum wage laws, economic impact of trade unions, active labour market policies, labour market discrimination.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Literature -
Compulsory:
Ehrenberg, R., and R. Smith (2011). Modern Labour Economics: Theory and Public Policy. 11th Edition. Pearson Education.
Suggested:
Boeri, T., and J. van Ours (2013): The Economics of Imperfect Labour Markets. 2nd printing. Princeton, Princeton University Press.
Carlin, W. and D. Soskice (1990): Macroeconomics and the Wage Bargain. Oxford: Oxford University Press, 1990.
More readings will be announced during the classes.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Compulsory:
Ehrenberg, R., and R. Smith (2011). Modern Labour Economics: Theory and Public Policy. 11th Edition. Pearson Education.
Suggested:
Boeri, T., and J. van Ours (2013): The Economics of Imperfect Labour Markets. 2nd printing. Princeton, Princeton University Press.
Carlin, W. and D. Soskice (1990): Macroeconomics and the Wage Bargain. Oxford: Oxford University Press, 1990.
More readings will be announced during the classes.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Requirements to the exam -
Grading: 50% and less - failed (F); 51-60% (E); 61-70% (D); 71-80% (C); 81-90% (B), more than 90% (A).
Requirements:
(1) Presentation of a research paper (10 points; optional)
Students will work in teams to present a research paper chosen from a list of articles on topics related to lectures. The presentations will take place during the lectures (no additional seminars are scheduled). The list of papers, time schedule, and more details will be announced at the first lecture.
(2) Final exam (90 points)
Written final test (offline) consisting of several open questions covering different topics. One of the questions relates to research papers presented by students during the lectures. Maximum 90 points. Test time: 1.5 hour.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Grading: 50% and less - failed (F); 51-60% (E); 61-70% (D); 71-80% (C); 81-90% (B), more than 90% (A).
Requirements:
(1) Presentation of a research paper (10 points; optional)
Students will work in teams to present a research paper chosen from a list of articles on topics related to lectures. The presentations will take place during the lectures (no additional seminars are scheduled). The list of papers, time schedule, and more details will be announced at the first lecture.
(2) Final exam (90 points)
Written final test (offline) consisting of several open questions covering different topics. One of the questions relates to research papers presented by students during the lectures. Maximum 90 points. Test time: 1.5 hour.
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Syllabus -
Course Outline:
1. Labour Supply and Demand
- Introduction, Labour markets, Labour economics
- Labour demand, Demand elasticities
- Labour markets frictions
- Model of labour supply
2. Wage Differentials
- Compensating wage differentials
- Education
- Discrimination, gender and other factors
3. Institutional Environment and Policy Issues
- Analysis of Employment and Unemployment
- Minimum wage
- Trade Unions
- Active labour market policy
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
Course Outline:
1. Labour Supply and Demand
- Introduction, Labour markets, Labour economics
- Labour demand, Demand elasticities
- Labour markets frictions
- Model of labour supply
2. Wage Differentials
- Compensating wage differentials
- Education
- Discrimination, gender and other factors
3. Institutional Environment and Policy Issues
- Analysis of Employment and Unemployment
- Minimum wage
- Trade Unions
- Active labour market policy
Last update: Mysíková Martina, PhDr., Ph.D. (15.01.2024)
