LABOUR ECONOMICS - 2020/1
Module code: ECO3016
The first part of the course will introduce labour demand, labour supply, the labour market, and labour market equilibrium, while the second part will focus on the human capital model and then contemporary topics in the labour economics literature and the current economic policy agenda, such as the effects of minimum wages, discrimination and labour market outcomes, gender disparities in the labour market. The module contains both theoretical and empirical components and will include the interpretation of estimates from econometric analysis.
MOSCELLI Giuseppe (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 6
JACs code: L100
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
- Labour supply and demand
- Labour market equilibrium and non-perfectly competitive firms
- Education and training
- Labour market discrimination (ethnicity, sexual orientation, obesity, and labour market outcomes)
- Labour mobility and immigration
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||CLASS TEST - ESSAY BASED QUESTIONS - DURATION: 1 HOUR||30|
|Examination||2 HOUR EXAMINATION - ESSAY BASED QUESTIONS||70|
The assessment strategy is designed to provide students with the opportunity to demonstrate their understanding of labour markets, workers and firms and contemporary labour market trends and policies.
Thus the summative assessment for this module consists of:
- One class test (30%) around week 7, including essay based questions. This will provide students with an assessment of their understanding of the basic concepts and empirical patterns, indicated in the learning outcomes and module content.
- Final exam of two hours (70%) of essay based questions.
Formative assessment and feedback
Students will receive verbal feedback during lectures through direct questioning.
After the class test, the test questions, solutions, and main mistakes will be discussed in class. Each student will receive their own script with comments on their performance and a written marking scheme by question. All this feedback will help students to judge their own performance and prepare for the final exam.In addition, students will be encouraged to attend office hours to receive further verbal feedback.
- provide students with the microeconomic tools needed to analyse a range of labour market issues and to critically examine workers' and firms’ behaviour and the impact of related public policies, both from a theoretical and empirical perspective.
- help students to understand contemporary issues in labour economics and public policy
|001||Apply standard economic principles to the analysis of labour market behaviour||KCT|
|002||Describe the main features of, and trends in, the UK labour market||KCT|
|003||Interpret relevant labour market data and empirical findings||KCPT|
|004||Assess appropriate policy responses for different labour market and social problems||KCPT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 128
Lecture Hours: 22
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
- enhance skills in analytical and critical thinking, and in written and verbal presentation
- appreciate the complexities of decision making, weighing theory and practice
The learning and teaching methods include:
- 2 hour lectures/classes (including in-class discussions) x 11 weeks
- 128 hours of guided independent study
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for LABOUR ECONOMICS : http://aspire.surrey.ac.uk/modules/eco3016
Programmes this module appears in
|Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Business Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Economics and Finance BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Politics and Economics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
|Economics and Mathematics BSc (Hons)||1||Optional||A weighted aggregate mark of 40% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2020/1 academic year.