ES32036: Labour economics
[Page last updated: 22 April 2025]
| Academic Year: | 2025/26 |
| Owning Department/School: | Department of Economics |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Honours (FHEQ level 6) |
| Period: |
- Semester 1
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| Assessment Summary: | EXCB 100% |
| Assessment Detail: | |
| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take ES22014 OR ( take ES20011 AND take ES20013 AND take AT LEAST 1 MODULE FROM {ES20159, ES20069} )
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| Learning Outcomes: |
- Develop knowledge of the determinants of equilibrium market wages and employment rates.
- Understand and explain how changes in prices of other inputs, wages, taxation, preferences, technological conditions, and various other market conditions, may affect individual and/or firm behaviour.
- Use mathematical methods to derive optimal decisions of individuals and firms.
- Develop a critical appreciation of the importance of market forces, institutions and regulations within labour markets.
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| Synopsis: | "Gain a critical understanding of the theoretical models describing the allocation of labour.
You will analyse model implications and relevant evidence, and review the static theory of labour supply and demand in different contexts.
The theoretical models You will learn about are used to evaluate government policies, such as taxation, subsidies, and welfare programmes."
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| Content: | Review of static theory of labour supply and labour demand under various market conditions (perfect competition, monopoly in the output market, monopsony in the labour market.) Extensions of the models to include distortions and constraints (e.g. taxation, costs of labour market participation). Empirical implications of the models and review of relevant evidence. Extensions to basic models to various contexts, e.g. allocation of labour over time, discrimination in the labour market, human capital accumulation.
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| Course availability: |
ES32036 is Optional on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 3)
- UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
- UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
- UHES-AFB12 : BSc(Hons) Economics and Mathematics (Year 3)
- UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 4)
- UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 4)
- UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 4)
- UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
- UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
- UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
- UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 3)
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Notes: - This unit catalogue is applicable for the 2025/26 academic year only. Students continuing their studies into 2026/27 and beyond should not assume that this unit will be available in future years in the format displayed here for 2025/26.
- 好色tv and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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