Course 2015-2016 a.y.

Go to class group/s: 31

CLMG (6 credits - II sem. - OP  |  SECS-P/01) - M (6 credits - II sem. - OP  |  SECS-P/01) - IM (6 credits - II sem. - OP  |  SECS-P/01) - MM (6 credits - II sem. - OP  |  SECS-P/01) - AFC (6 credits - II sem. - OP  |  SECS-P/01) - CLAPI (6 credits - II sem. - OP  |  SECS-P/01) - CLEFIN-FINANCE (6 credits - II sem. - OP  |  SECS-P/01) - CLELI (6 credits - II sem. - OP  |  SECS-P/01) - ACME (6 credits - II sem. - OP  |  SECS-P/01) - DES-ESS (6 credits - II sem. - OP  |  SECS-P/01) - EMIT (6 credits - II sem. - OP  |  SECS-P/01)

Course Director:
JEROME FRANS ADDA

Course Objectives

The purpose of the course is to provide the basic analytical tools allowing students to understand the operation of markets in which labour services are exchanged for wages.   

Course Content Summary

The course is structured in four parts.
The first part of the course is on labour supply.  After recalling the neoclassical theory of labour supply, the course introduces the job search framework, which is used as an integrated framework in the remainder of the course.
The second part of the course covers labour demand.  It discusses the tradeoffs between labour and capital, skilled and unskilled labour as well as between hours and workers. 
The third part is on labour market equilibrium, notably on wage formation.  Students start by characterising atomistic bilateral monopoly conditions in which firms and workers individually bargain over wages and then move on to collective bargaining structures and models of unions.
The fourth and last part of the course is on applications of the above framework to study specific issues, such as migration, human capital investment and labour market policies.

Detailed Description of Assessment Methods

Attending students are required to present one of the key papers during the class. This will amount to 30% of the final grade. Students are required to write a critical report of the paper (with replication if applicable). This will amount to 30% of the final grade. The remaining 40% of the final grade will be assessed through a final written exam.

Non-attending students are required to write a critical report of an assigned paper and to take the final written exam.

Textbooks

• T. BOERI, J. VANOURS, The Economics of Imperfect Labor Markets, Princeton University Press, 2nd edition.
• P. Cahuc, S. Carcillo and A. Zylberberg "Labour economics" second edition, MIT Press

Additional readings are provided at the beginning of the course.    

Exam textbooks & Online Articles (check availability at the Library)

Prerequisites

The attendance of the course Microeconometrics is recommended.

Last change 22/06/2015 14:18