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Syllabus:

Labor Economics D19, 7.5 Credits

Swedish name: Arbetsmarknadsekonomi D19

This syllabus is valid: 2017-11-13 valid to 2022-01-02 (newer version of the syllabus exists)

Course code: 2NE054

Credit points: 7.5

Education level: Second cycle

Main Field of Study and progress level: Economics: Second cycle, in-depth level of the course cannot be classified

Grading scale: VG Pass with distinction, G Pass, U Fail

Responsible department: Department of Economics

Established by: Rector of Umeå School of Business and Economics, 2014-06-16

Revised by: Rector of Umeå School of Business and Economics, 2017-11-09

Contents

In the first part, the course reviews several of the most common arguments and models used in modern labour economics; The Theory of Compensating Wage Differentials, Job Search, Income/Wage Distribution, Mismatch in the Labour Market, Efficiency Wages etc.

In a second part, the course introduces general empirical approaches to labour economic questions. Finally, several specific topics are discussed; Minimum Wage, Human Capital, Training etc.

Expected learning outcomes

After completing the course, the student should be able to:
  • Explain how the labour markets operate in a variety of contexts, such as competitive or not competitive, with or without frictions etc.
  • Understand how our theoretical understanding of the labour market and our empirical approaches to the labour markets are related.
  • Show understanding of commonly used data and methods in applied labor market research. 
  • Demonstrate the ability to acquire and convey content in international scientific literature in the field of research.

Required Knowledge

90 ECTS of undergraduate courses in economics, whereof 30 ECTS on C-level (G2F). Proficiency in English equivalent to the Swedish upper secondary course English B/6. Mathematical Economics I D7, or the equivalent.

Form of instruction

The teaching is conducted in the form of lectures and student presentations.

Examination modes

The examination takes three forms; the presentation of a recently published academic paper, the written summary of a recently published academic paper and a written examination at the end of the course. Presentations and written assignments are only valid during the given semester.
A second exam opportunity is always offered within a short time span after the regular exam date for those students not achieving a Pass. The subsequent exam opportunity is either the re-take opportunity the week before the fall semester or the next regular exam date.

The following grading system will be used: Fail (Underkänd), Pass (Godkänd) and Pass with Distinction (Väl Godkänd).

It is normally not possible to do additional examinations to reach a higher grade. Exceptions can be made for a student with the grade Fail on any of the examinations if the examiner (not the lecturer) finds this appropriate. The task must be a minor undertaking, closely related to the learning outcome not reached, and performed in close proximity to the original examination.

When a student has failed an examination on two occasions, he or she has a right to have another grading teacher. A written request for an alternative examiner should be handed to the Dean of the Business School.

Credit transfer
Academic credit transfers are according to the University credit transfer regulations.

Literature

Valid from: 2018 week 1

Literature

The literature will mostly consist of articles.

Reference textbooks

The economics of imperfect labor markets
Boeri Tito, Van Ours Jan C.
2. ed. : Princeton : Princeton University Press : 2013 : 434 s. :
ISBN: 9780691158938
Search Album, the University Library catalogue
Reading instructions: Refecence

Laing Derek
Labor economics : introduction to classic and the new labor economics
1. ed. : New York : W.W. Norton & Co. : cop. 2011 : xxvii, 899, [191] p. :
ISBN: 9780393979527
Search Album, the University Library catalogue
Reading instructions: Reference

Borjas George J.
Labor economics
7. ed., international ed. : New York : cop. 2016 : xviii, 569 s. :
ISBN: 978-1-259-25236-5
Search Album, the University Library catalogue
Reading instructions: Reference

Empirical econometrics

Mostly harmless econometrics [Elektronisk resurs] : an empiricist's companion
Angrist Joshua David., Pischke Jörn-Steffen.
Princeton : Princeton University Press : c2009. : 1 online resource (xiii, 373 p.) :
ISBN: 9781400829828
Search Album, the University Library catalogue

Manski Charles F.
Identification problems in the social sciences
Harvard University Press : 1999 : 194 sidor :
ISBN: 978-0-674-44284-9
Search Album, the University Library catalogue

Course material, articles and book excerpts will be provided by the department at cost price.