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Semester 1

Structural Transformation in the Labour Market (ECNM10102)

Subject

Economics

College

CAHSS

Credits

20

Normal Year Taken

3

Delivery Session Year

2022/2023

Pre-requisites

Visiting students must have completed the equivalent of at least 4 semester-long Economics courses at grade B or above for entry to this course. This MUST INCLUDE courses in: Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); Probability & Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required at grade B or above. Students enrolling on this course are also strongly encouraged to take Essentials of Econometrics (ECNM10052), provided they meet the pre-requisites for that course.

Course Summary

The aim of the course is to introduce students to and provide an overview of the basic theoretical and empirical literature on how labour markets have evolved over time and across countries. In particular, it will enable students to apply the tools of analysis to a wide range of models and policy relating to the question of who and how much we work: over time, over the life-cycle, and in the household.

Course Description

The aim of the course is to introduce students to and provide an overview of the basic theoretical and empirical literature on how labour markets have evolved over time and across countries. In particular, it will enable students to apply the tools of analysis to a wide range of models and policy relating to the question of who and how much we work: over time, over the life-cycle, and in the household. We focus particularly on female labour force participation, the impact of technological change on the labour market and sectoral shifts. To understand these, we will discuss income vs substitution effects, savings decisions, intertemporal substitution of work and consumption, intensive (how many hours?) vs extensive (whether to work) margin labour supply choice. The goal is to develop good economic intuition on these topics, while also discussing the empirical strategies to analyse these labour market outcomes. The course is taught through a programme of lectures. Learning-by-doing, through exercise sets, is an important ingredient of the course. It provides opportunities for students to develop and demonstrate their skills to use economic theory to analyse real-world situations.

Assessment Information

Written Exam 80%, Coursework 20%, Practical Exam 0%

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Disclaimer

All course information obtained from this visiting student course finder should be regarded as provisional. We cannot guarantee that places will be available for any particular course. For more information, please see the visiting student disclaimer:

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