BPE_EKPR Labour Economics

Faculty of Economics and Administration
Spring 2011
Extent and Intensity
2/1/0. 10 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Aleš Franc, Ph.D. (lecturer)
Ing. Aleš Franc, Ph.D. (seminar tutor)
Guaranteed by
Ing. Aleš Franc, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Timetable
Mon 18:00–19:35 P101
  • Timetable of Seminar Groups:
BPE_EKPR/01: each odd Tuesday 13:45–15:20 S306, A. Franc
BPE_EKPR/02: each even Tuesday 13:45–15:20 S306, A. Franc
BPE_EKPR/03: each odd Tuesday 15:30–17:05 S306, A. Franc
BPE_EKPR/04: each even Tuesday 15:30–17:05 S306, A. Franc
BPE_EKPR/05: each odd Tuesday 18:00–19:35 P104, A. Franc
BPE_EKPR/06: each even Tuesday 18:00–19:35 P104, A. Franc
Prerequisites (in Czech)
! PEUDHP Introduction to Public Policy
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
there are 12 fields of study the course is directly associated with, display
Course objectives
The main objective of the course is to explain how labour markets work. First part of the course analyzes labour supply decisions made by rational households, labour demand decisions made by profit-maximizing firms and compensating wage differentials under assumption of competitive markets. Applicative part includes analysis of industry wage differentials and returns to human capital investments. The last part of the course describes why and how labour markets may differ from competitive markets. Attention is paid to efficiency wages and other incentive schemes, discrimination, wage bargaining and unemployment.
Syllabus
  • 1. Introduction
  • 2. Labour Supply
  • 3. Labour Demand
  • 4. Labour Market Equilibrium
  • 5. Compensating Wage Differentials
  • 6. Wage Structure
  • 7. Labour Market Discrimination
  • 8. Education and Human Capital
  • 9. Labour Mobility
  • 10. Labour Unions and Collective Bargaining
  • 11. Unemployment
  • 12. Institutions and Labour Market Performance
Literature
    required literature
  • EHRENBERG, Ronald G. and Robert Stewart SMITH. Modern labor economics : theory and public policy. 10th ed. Boston: Pearson/Addison Wesley, 2009, xxi, 650. ISBN 9780321538963. info
    recommended literature
  • BORJAS, George. Labor Economics. 5th ed. McGraw Hill Higher Education, 2009. ISBN 978-0070172708. info
  • MCCONNELL, Campbell R., Stanley L. BRUE and David A. MACPHERSON. Contemporary labor economics. 8th ed. Boston: McGraw-Hill Higher Education, 2009, 625 s. ISBN 9780073511320. info
Teaching methods
Lectures, in seminars class discussion, homeworks presentation.
At the end of the course students should be able to:
- understand and explain motivations and behaviour of individual agents,
- appraise impact of government policy and regulations on labour market functioning,
- describe economic consequences of labour unions.
After passing out students are expected to be able to discuss practical problems such as: which factors affect income distribution, what are determinants of unemployment, what affects decisions about human capital investments etc.
Assessment methods
2 in-term written tests (maximum 10 pts each), evaluation of activity in seminars (maximum 5 pts). To be admitted to final exam student must gain 15 pts.
Final exam: written test. Maximum 20 pts, minimum to pass the exam 12 pts. Evaluation scale:
A: 20-19 pts
B: 18.5-17 pts
C: 16.5-15 pts
D: 14.5-13.5 pts
E: 13-12 pts
F: less than 12 pts
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Nezapisují si studenti, kteří absolvovali předmět PEUDHP.
The course is also listed under the following terms Spring 2010, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2016, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021.
  • Enrolment Statistics (Spring 2011, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2011/BPE_EKPR