Labour Market Economics 2103-ORP-L-D3ERP
The seminar will aim to explain the economic mechanisms of the contemporary labour market. This explanation will be based on selected theoretical concepts, which will be empirically tested and re-interpreted. The starting point for the discussion of contemporary labour markets will be neoclassical economic theory, which will, however, be complemented by insights into imperfect labour markets and the analysis of processes that significantly impact labour markets (demographic issues, mobility and migration). We expect the students themselves to play an important role in the design of the course, as they will, among other things, be responsible for independent analysis of selected aspects of the functioning of labour markets (own presentations) and will confront their positions with those of other students (workshops and debates).
The course will comprise four main elements:
- presentation and critical discussion of selected theoretical concepts (labour models)
- empirical verification of the discussed aspects of how labour markets work
- an introduction to the practical aspects of labour market analysis;
- independent and group work by students, who will present the conclusions of their analyses in a series of scheduled workshops and debates.
Detailed programme:
1. Contemporary labour markets - an introduction.
2. Labour supply: individual and collective determinants and their consequences.
3. Demand for labour: the neoclassical approach and possible modifications.
4. Labour market equilibrium.
5. Human capital.
6. Statistical and econometric methods for labour market analysis (including data visualisation)
7. Workshop/debate: The future of labour markets
8. Wages: structure, determinants and regulatory issues
9. Unemployment: systematizing and searching for theoretical and empirical explanations
10. Discrimination in the labour market
11. Workshop/debate: Anti-discrimination policies and their effectiveness
12. Mobility (internal and external) and labour markets: determinants and consequences of migration processes
13. Workshop/debate: Do we need immigrants?
14. Technological change and labour markets
15. Workshop/debate: Should we be afraid of robots?
16. Imperfect labour markets.
Prerequisites (description)
Course coordinators
Term 2024Z: | Term 2023Z: |
Type of course
Mode
Learning outcomes
The course will serve the following learning outcomes (defined in the study programme):
KW_04: graduate knows and understands basic institutional and organisational structures of labour and labour market, relations between them and dynamics of their transformations.
K_U01: graduate is able to use for practical purposes the knowledge of labour sciences to analyse and interpret social processes and phenomena occurring in the area of labour and labour market.
K_U02: graduate is able to use the knowledge from the field of labour sciences to indicate the causes of occurrence and course of social processes and phenomena taking place in the labour area and on the labour market.
K_U03: graduate is able to use knowledge and analytical tools to forecast the practical consequences of the transformations taking place in the labour area, including the selection and application of advanced information and communication techniques.
Upon completion of the subject, students:
- know the mechanisms of functioning of both perfect and imperfect labour markets; know what are the determinants of labour supply (labour force participation) and labour demand reported by employers; understand what is equilibrium in the labour market, what causes unemployment and what are the mechanisms of wage differentials;
- understand the role of the state in shaping the labour market, including in particular the implications of micro- and macroeconomic and labour market policies.
- know how to search for data on labour markets and are able to use such data in a manner necessary for scientific discussion. They are able to interpret labour market processes and relate them to other socio-economic phenomena.
- are able to work in a group and to participate in a scientific debate, i.e. to collect the necessary theoretical and empirical material, to form a position and to present it to the group.
Assessment criteria
- Attendance (two absences per semester are allowed) and obtaining at least 51 credits and passing the part-exam (1st semester) and final exam (2nd semester);
- assessment components (100 points in total):
1) both parts of the exam (written): 70 pts
2) preparation and presentation of a selected topic in class: 30 pts (three assessment components: (1) preparation of the concept and abstract; (2) preparation of the presentation; (3) presentation of the selected issue and participation in the discussion).
In addition, it will be possible to obtain 10 points for activity in the course of the course, in particular during debates/workshops.
Practical placement
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Bibliography
- Boeri T., J.van Ours, Ekonomia niedoskonałych rynków pracy, Warszawa 2011
- Borjas, Labor Economics, MC Graw-Hill 2020
- Ehrenberg R.G, Smith R., Modern Labor Economics. Theory and Public Policy, Routledge 2018
- Góra M., U. Sztanderska: Wprowadzenie do analizy lokalnego rynku pracy. Warszawa 2006
- Kwiatkowski E.: Bezrobocie. Podstawy teoretyczne. Warszawa 2002.
- and additional readings (e.g. Handbook of Labor Economics, Elsevier 2011).
Notes
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Term 2024Z:
Assessment criteria: |
Additional information
Additional information (registration calendar, class conductors, localization and schedules of classes), might be available in the USOSweb system: