EC318-15 Labour Economics

Department: Economics
Level: Undergraduate Level 3
Module leader: Jo Turrall
Credit value: 15
Module duration: 10 weeks
Assessment: Multiple
Study location: University of Warwick main campus, Coventry

Introductory description

The module is a Labour Economics Module. It is designed for Final year Economics students, who have interest in the area of Labour Economics and Education Economics. The module teaches a range of topics related to these two areas in addition to linking the Labour market dynamics to gender specific topics. The module is both research oriented and research tutored type of module. It introduces and examines the theoretical foundations of the covered topics and integrate them with the empirical investigations of such topics.

Module web page

Module aims

The module aims to introduce students to key theories in the analysis of labour markets and to develop both a knowledge of empirical evidence and the capacity to evaluate critically the evidence available. The module will introduce students to recent developments in labour economics research and at the same time discuss policy relevant topics.

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

The syllabus for this module may include some or all of the following list of topics, although it should be noted that this list is not exhaustive: wage setting; wage dispersion; wage structure; employment; unemployment; labour supply; labour market equilibrium; human capital, education and training; labour demand; unions; mobility and migration; labour market discrimination; labour market interventions and policy evaluation.

Learning outcomes

By the end of the module, students should be able to:

Subject Knowledge and Understanding:...demonstrate knowledge and understanding of: (i) Economic Principles: knowledge and understanding of core concepts and methods in micro and macroeconomics. (ii) Intermediate labour economics, by applying the microeconomic techniques acquired in earlier economics modules. (iii) The operation of both supply and demand in the labour market, its imperfections and its institutional features. (iv) Theories which seek to model, understand and explain heterogeneity in labour market behaviour. (v) Research issues: Familiarity with contemporary debates and latest research in labour economics. Understanding of how to approach an economic problem from the perspective of a contemporary researcher in economics.

Indicative reading list

Reading lists can be found in Talis

Specific reading list for the module

Subject specific skills

Applied Economics
Economic information
Economic principles
Abstraction
Analysis of incentives
Analytical reasoning
Analytical thinking and communication
Critical thinking
Policy evaluation
Problem solving
Strategic thinking
Sustainability

Transferable skills

Numeracy and quantitative skills
Math, Statistical, data-based research skills
Oral communication
Written communication

Study time

Type	Required
Lectures	10 sessions of 2 hours (13%)
Demonstrations	4 sessions of 1 hour (3%)
Private study	126 hours (84%)
Total	150 hours

Private study description

Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.

Costs

No further costs have been identified for this module.

You do not need to pass all assessment components to pass the module.

Assessment group D6

	Weighting	Eligible for self-certification
Test 1	20%	No
In class 50 minute MCQ test
Centrally-timetabled examination (On-campus)	80%	No
A paper which examines the course content and ensures learning outcomes are achieved. Students may use a calculator Answerbook Pink (12 page)

Assessment group R6

	Weighting	Study time	Eligible for self-certification
Examination - Resit	100%		No
Answerbook Pink (12 page) Students may use a calculator

Feedback on assessment

The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback for assignments is returned either on a standardised assessment feedback cover sheet which gives information both by tick boxes and by free comments or via free text comments on tabula, together with the annotated assignment. For tests and problem sets, students receive solutions as an important form of feedback and their marked assignment, with a breakdown of marks and comments by question and sub-question. Students are informed how to access their feedback, either by collecting from the Undergraduate Office or via Tabula. Module leaders often provide generic feedback for the cohort outlining what was done well, less well, and what was expected on the assignment and any other common themes. This feedback also includes a cumulative distribution function with summary statistics so students can review their performance in relation to the cohort. This feedback is in addition to the individual-specific feedback on assessment performance.

Past exam papers for EC318

Pre-requisites

Any of:

EC204-30 Economics 2 AND
EC203-30 Applied Econometrics

EC204-30 Economics 2 AND
EC226-30 Econometrics 1

EC201-30 Macroeconomics 2 AND
EC202-30 Microeconomics 2 AND
EC226-30 Econometrics 1

To take this module, you must have passed:

All of

All of
- EC204-30 Economics 2
- EC203-30 Applied Econometrics
All of
- EC204-30 Economics 2
- EC226-30 Econometrics 1
All of
All of

Courses

This module is Optional for:

Year 4 of UECA-L1N3 BSc Economics and Management with Placement Year
Year 2 of TECA-L1PA Postgraduate Taught Economics (Diploma plus MSc)
UECA-3 Undergraduate Economics 3 Year Variants
- Year 3 of L100 Economics
- Year 3 of L116 Economics and Industrial Organization
UECA-4 Undergraduate Economics 4 Year Variants
- Year 4 of L103 Economics with Study Abroad
- Year 4 of LM1H Economics, Politics & International Studies with Study Abroad
Year 3 of UECA-L1N2 Undergraduate Economics and Management
Year 3 of UECA-LM1D Undergraduate Economics, Politics and International Studies
UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
- Year 3 of L1CA Economics, Psychology and Philosophy
- Year 3 of L1CC Economics, Psychology and Philosophy (Behavioural Economics Pathway)
- Year 3 of L1CD Economics, Psychology and Philosophy (Economics with Philosophy Pathway)
- Year 3 of L1CE Economics, Psychology and Philosophy (Philosophy and Psychology Pathway)
UPHA-L1CB Undergraduate Economics, Psychology and Philosophy (with Intercalated Year)
- Year 4 of L1CG Economics, Psychology and Philosophy (Behavioural Economics Pathway) (with Intercalated Year)
- Year 4 of L1CH Economics, Psychology and Philosophy (Economics with Philosophy Pathway) (with Intercalated Year)
- Year 4 of L1CJ Economics, Psychology and Philosophy (Philosophy and Psychology Pathway) (with Intercalated Year)
- Year 4 of L1CB Economics, Psychology and Philosophy (with Intercalated Year)
Year 3 of UMAA-GL11 Undergraduate Mathematics and Economics
Year 4 of UECA-GL12 Undergraduate Mathematics and Economics (with Intercalated Year)
Year 3 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics
Year 4 of UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)

This module is Unusual option for:

Year 3 of UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
UPHA-V7ML Undergraduate Philosophy, Politics and Economics
- Year 3 of V7MR Philosophy, Politics and Economics (Bipartite with Economics Major)
- Year 3 of V7MP Philosophy, Politics and Economics (Bipartite)
UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)
- Year 4 of V7MS Philosophy, Politics and Economics (Bipartite with Economics Major) (with Intercalated Year)
- Year 4 of V7MQ Philosophy, Politics and Economics (Bipartite) with Intercalated Year
- Year 4 of V7MM Philosophy, Politics and Economics (Tripartite) (with Intercalated year)

This module is Option list C for:

UPHA-V7ML Undergraduate Philosophy, Politics and Economics
- Year 3 of V7MP Philosophy, Politics and Economics (Bipartite)
- Year 3 of V7ML Philosophy, Politics and Economics (Tripartite)
UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)
- Year 4 of V7MS Philosophy, Politics and Economics (Bipartite with Economics Major) (with Intercalated Year)
- Year 4 of V7MQ Philosophy, Politics and Economics (Bipartite) with Intercalated Year
- Year 4 of V7MM Philosophy, Politics and Economics (Tripartite) (with Intercalated year)

This module is Option list D for:

Year 3 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics