20294 - LABOUR ECONOMICS
CLMG - M - IM - MM - AFC - CLEFIN-FINANCE - CLELI - ACME - DES-ESS - EMIT - GIO
Department of Economics
Course taught in English
Go to class group/s: 31
CLMG (6 credits - II sem. - OP | SECS-P/01) - M (6 credits - II sem. - OP | SECS-P/01) - IM (6 credits - II sem. - OP | SECS-P/01) - MM (6 credits - II sem. - OP | SECS-P/01) - AFC (6 credits - II sem. - OP | SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP | SECS-P/01) - CLELI (6 credits - II sem. - OP | SECS-P/01) - ACME (6 credits - II sem. - OP | SECS-P/01) - DES-ESS (6 credits - II sem. - OP | SECS-P/01) - EMIT (6 credits - II sem. - OP | SECS-P/01) - GIO (6 credits - II sem. - OP | SECS-P/01)
Course Director:
JEROME FRANS ADDA
JEROME FRANS ADDA
Course Objectives
The purpose of the course is to provide the basic analytical tools allowing students to understand the operation of markets in which labour services are exchanged for wages.
Course Content Summary
The course is structured in four parts.
The first part of the course is on labour supply. After recalling the neoclassical theory of labour supply, the course introduces the job search framework, which is used as an integrated framework in the remainder of the course.
The second part of the course covers labour demand. It discusses the tradeoffs between labour and capital, skilled and unskilled labour as well as between hours and workers.
The third part is on labour market equilibrium, notably on wage formation. Students start by characterising atomistic bilateral monopoly conditions in which firms and workers individually bargain over wages and then move on to collective bargaining structures and models of unions.
The fourth and last part of the course is on applications of the above framework to study specific issues, such as migration, human capital investment and labour market policies.
Detailed Description of Assessment Methods
For attending students
The final exam is written, 80% of the final grade.
Attending students are required to present one of the key papers during the class. This amount to 20% of the final grade.
For non- attending students
They are required to take the final written exam.
The final exam is written, 80% of the final grade.
Attending students are required to present one of the key papers during the class. This amount to 20% of the final grade.
For non- attending students
They are required to take the final written exam.
Textbooks
- P. CAHUC, S. CARCILLO, A. ZYLBERBERG, Labour economics, MIT Press, 2nd edition. Additional readings are provided at the beginning of the course.
- Exam textbooks & Online Articles, check availability at the Library.
Prerequisites
The compulsory courses of the first semester of the MSc (advanced maths and advanced statistics) are sufficient to follow the course, provided that students have already taken some introduction courses in macro and micro. Following the econometrics course of the MSc is a good complement to Labour Economics 20294.
Last change 19/05/2017 10:17