JEB053 - Labour Economics

Credit: 5
Status: Bachelors - All
Bachelors - elective
BEF - elective
English
Semester - summer
Course supervisors: PhDr. Martina Mysíková Ph.D.
Course homepage: JEB053
Literature: Compulsory:

Ehrenberg, R., and R. Smith (2011). Modern Labour Economics: Theory and Public Policy. 11th Edition. Pearson Education.


Suggested:

Boeri, T., and J. van Ours (2013): The Economics of Imperfect Labour Markets. 2nd printing. Princeton, Princeton University Press.

Carlin, W. and D. Soskice (1990): Macroeconomics and the Wage Bargain. Oxford: Oxford University Press, 1990.

Večerník, J., and M. Mysíková (2016): Poverty in the Czech Republic: A Critical Look at EU Indicators. Prague: Institute of Sociology of the Czech Academy of Sciences. http://www.soc.cas.cz/publikace/poverty-czech-republic-critical-look-eu-indicators

More readings will be announced during the classes.
Description: The course provides an introduction to the theory and practice of contemporary labour economics. The primary focus is on developing an understanding of the determinants of wage rates and employment levels in labour markets. Aggregated indicators related to labour, labour markets, and wages are considered, including labour force participation, evolution and change in labour markets, employment, and unemployment. Factors of wage determination and the theories explaining wage differentials are elaborated. In this course, the analytical tools are used to examine such policy issues as: minimum wage laws, economic impact of trade unions, active labour market policies, labour market discrimination. Particular attention will be given to the impact of the current covid crisis on labour markets.

The final grade will be based upon the grade received on the final written exam.


Course Outline:

1. Labour Supply and Demand
- Introduction, Labour markets, Labour economics
- Labour demand, Demand elasticities
- Labour markets frictions
- Model of labour supply

2. Wage Differentials
- Compensating wage differentials
- Education
- Discrimination, gender and other factors

3. Institutional Environment and Policy Issues
- Analysis of Employment and Unemployment
- Minimum wage
- Trade Unions
- Active labour market policy
- Income inequality and poverty

Partners

Deloitte

Sponsors

CRIF
McKinsey
Patria Finance