Programme And Module Handbook
Course Details in 2020/21 Session

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Module Title LH Labour Economics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 22870
Module Lead Marco Ercolani
Level Honours Level
Credits 20
Semester Semester 1
Pre-requisites LI Econometrics - (08 29172)
Restrictions Available to all students who have been allowed onto the final year and passed Econometrics (08 29172).
Contact Hours Lecture-40 hours
Seminar-10 hours
Guided independent study-150 hours
Total: 200 hours

This module examines labour economics and econometrics. It  seeks to develop an empirical and analytical understanding of key labour market phenomena and policies. In the first semester, the main techniques behind labour econometrics are discussed by studying seminal articles and by econometric exercises, including computer practicals. Two main topics are covered: the determination of wages (estimated using least-squares techniques) and the determination of employment (estimated using limited dependent variable techniques such as Probit and Logit). In the second semester, the theory of contemporary labour economics is discussed. The analytical tools of neoclassical economics are used to examine labour supply and demand, which, in turn, are used to develop an understanding of wage formation and employment levels in labour markets. The module concludes with an examination of sources of wage differentials, considering the effects of education, unions, discrimination, and compensating wage differentials.

Learning Outcomes

On successful completion of the modules students should be able to:

  • interpret the output of linear and limited dependent variable regressions, in relation to labour economics;
  • identify and appraise key characteristics of, and recent developments in, labour markets in modern economies;
  • apply optimisation techniques to solve stylised problems relating to labour markets;
  • critically evaluate empirical findings relating to major research areas in labour economics.
Assessment 22870-01 : Exam : Exam (Centrally Timetabled) - Written Unseen (50%)
22870-02 : MCQ Test : Class Test (25%)
22870-03 : Essay : Coursework (25%)
Assessment Methods & Exceptions Assessment: 60 minute MCQ test (25%); 1000 word essay (25%), 2-hour written unseen examination (50%)
Reassessment:by failed element
Reading List