The module aims to introduce students to key theories in the analysis of labour markets and to develop both a knowledge of empirical evidence and the capacity to evaluate critically the evidence available. The module will introduce students to recent developments in labour economics research and at the same time discuss policy relevant topics.
Principal Learning Outcomes
Demonstrate proficiency in study and research skills such as data skills; mathematical/statistical skills; communicating their knowledge and understanding to others, verbally and in writing; reviewing the relevant literature and evidence. Demonstrate knowledge and understanding of Economic Principles; Introductory labour economics, by applying the microeconomic techniques acquired in earlier economics modules; the operation of both supply and demand in the labour market and its institutional features; theories which seek to explain international differences in labour market behaviour; research issues; understanding of how to approach an economic problem from the perspective of a contemporary researcher in economics. Demonstrate capacity of analytical thinking, reasoning and application; critical, creative and strategic thinking; abstraction and problem solving; policy evaluation and the analysis of institutions; applying critical analysis to the topics of the module, formulating concepts and hypotheses, and showing how they are tested in relevant literature.
The module will typically cover the following topics, although it should be noted that this list is not exhaustive: wage setting; wage dispersion; wage structure; employment; unemployment; labour supply; labour market equilibrium; human capital, education and training; labour demand; unions; mobility and migration; labour market discrimination; labour market interventions and policy evaluation.
- Optional Module
- LM1D (LLD2) - Year 3, L116 - Year 3, V7ML - Year 3, LA99 - Year 3, L100 - Year 3, L1L8 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, V7MM - Year 4, V7MP - Year 3, V7MR - Year 3, LM1H - Year 4, GL12 - Year 4, GL11 - Year 3, L103 - Year 4, L117 - Year 4
- Pre or Co-requisites
- EC204 or EC201 + EC202, and either EC203 or EC226
- Not available to non-final year students on Economics-based degrees.
- Part-year Availability for Visiting Students
- Available in the Spring term only (1 x test - 12 CATS) and in the Spring and Summer terms together (1 x test and 1 x 2 hour exam – 15 CATS)
- Assessment Method
- Coursework (20%) + 2 hour exam (80%)
- Coursework Details
- One 50 minute test (20%)
- Exam Timing
NOTE: Amended exam rubric in 2018/19, past papers may follow a different exam format.
Time Allowed: 2 Hours
Answer ALL THREE questions in Section A (54 marks total) and ONE question in Section B (46 marks). Answer Section A questions in one booklet and Section B questions in a separate booklet.
Approved pocket calculators are allowed.
Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.