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Duration
Identical coursesLabour Economics (B-KUL-D0E35A)
Aims
At the end of this course students should be familiar with:
- static and dynamic labor supply and labor demand
- labor market equilibrium under different labor market structures
- the effects of different policies and institutional features on labor market equilibrium outcomes
- key labor market indicators
- determinants and returns to human capital investments
causal analysis and main econometric techniques used in labor economics for the identification of causal relations
Previous knowledge
Students should have a good understanding of basic principles of economics, the competitive supply-demand model, imperfections (e.g. price and quantity controls), elasticity, static and dynamic optimization, and regression analysis.
Is included in these courses of study
- Bachelor in de economische wetenschappen (Leuven) 180 ects.
- Master in de sociologie (Leuven) 60 ects.
- Master of Business Economics (Leuven) 60 ects.
- Master of Business Economics (Leuven) (Major 6: Personnel and Organization) 60 ects.
- Master of Business Economics (Leuven) (Minor 11: Personnel and Organization) 60 ects.
- Bachelor in de toegepaste economische wetenschappen (Leuven) 180 ects.
- Bachelor in de toegepaste economische wetenschappen (Leuven) (Major 2: Economie) 180 ects.
- Bachelor in de toegepaste economische wetenschappen (Leuven) (Major 2: Talen) 180 ects.
- Bachelor handelsingenieur (Leuven) (Major 1: Keuzetraject studenten campus Brussel) 180 ects.
- Bachelor handelsingenieur (Leuven) (Major 2: Economie) 180 ects.
- Bachelor handelsingenieur (Leuven) (Major 2: Talen) 180 ects.
- Bachelor handelsingenieur in de beleidsinformatica (Leuven) 180 ects.
- Bachelor handelsingenieur in de beleidsinformatica (Leuven) (Major: Economie) 180 ects.
- Bachelor handelsingenieur in de beleidsinformatica (Leuven) (Major: Talen) 180 ects.
- Master in de beleidseconomie (programma voor studenten gestart vóór 2022-2023)(Leuven) 60 ects.
- Master of Business Engineering (Leuven) 120 ects.
- Master of Business Engineering (Leuven) (Minor: Personnel and Organisation) 120 ects.
- Bachelor of Business Engineering (Brussels et al) 180 ects.
- Courses for Exchange Students Faculty of Economics and Business (Leuven)
- Master of Sociology (Leuven) 60 ects.
- Voorbereidingsprogramma: Master in de economische wetenschappen / Master of Economics (Leuven) 60 ects.
- Master in de beleidseconomie (programma voor studenten gestart in 2022-2023 of later) (Leuven) 60 ects.
- Bachelor in de politieke wetenschappen en de sociologie (programma voor studenten gestart in 2022-2023 of later) (Leuven) (Optie economie) 180 ects.
Activities
6 ects. Labour Economics (B-KUL-D0E35a)
Content
The course starts with an introduction to Labor Economics and data and regression analysis.
The first part of this course deals with the competitive supply-demand model of the labour market, imperfectly competitive labor markets, and the effects of different policies such as welfare, payroll taxes, mandated benefits, and minimum wages.
The second part of the course deals with determinants of wages such as compensating wage differentials and general and specific human capital, and with the returns to education and inequality.
The last part of the course deals with the effects of migration and the analysis of unions and bargaining.
For all topics we will cover the theoretical models as well as the empirical analysis tools and evidence.
Course material
Used Course Material
George Borjas, Labor Economics, 7th edition.
Announcements and all relevant materials, including lecture notes, will be made available through Toledo.
Language of instruction: more information
English
Format: more information
Lectures consist of theory as well as empirical applications.
Evaluation
Evaluation: Labour Economics (B-KUL-D2E35a)
Explanation
Features of the evaluation
* There is a closed-book written exam for this course, which counts for 80% of the final mark.
* In addition, during the course students will do short written at-home assignments which count for 20% of the final mark. Specific information about the characteristics and deadlines for this will be made available through Toledo
Determination of final grades
The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule.
* The results for each written at-home assignment and the final exam are calculated and communicated as a number on a scale of 20.
* If the determined deadline for turning in an at-home written assignment is not respected, the final mark of the assignment will be 0/20, unless the student requested a new deadline due to justified reasons.
* The final grade is a weighted score determined as follows: the average result of the at-home written assignments make up 20% of the score, and the final exam makes up 80% of the score.
Information about retaking exams
Second examination opportunity
* The features of the evaluation and determination of grades can differ to those of the first examination opportunity.
* If the student does not achieve a sufficient final grade, he/she can retake the final exam.
* If the student obtained a sufficient grade at the first exam opportunity for the at-home written assignments, the grade for the written assignments will be transferred to the second exam opportunity, and the final grade will be determined as a weighted average as described above. Otherwise, the final grade for the second exam will be determined exclusively by the result of the retaken final exam.