BPE_EKPR Labor Economics

Faculty of Economics and Administration
Spring 2016
Extent and Intensity
2/1/0. 10 credit(s). Type of Completion: zk (examination).
Teacher(s)
Mgr. Martin Guzi, Ph.D. (lecturer)
Mgr. Martin Slanicay, Ph.D. (lecturer)
Mgr. Martin Guzi, Ph.D. (seminar tutor)
Mgr. Martin Slanicay, Ph.D. (seminar tutor)
Guaranteed by
Mgr. Martin Slanicay, Ph.D.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová
Supplier department: Department of Economics – Faculty of Economics and Administration
Timetable
Mon 18:00–19:35 P101
  • Timetable of Seminar Groups:
BPE_EKPR/T01: Mon 29. 2. to Fri 20. 5. Mon 12:30–14:05 109, M. Slanicay
BPE_EKPR/03: each odd Tuesday 14:35–16:15 P106, M. Slanicay
BPE_EKPR/04: each even Tuesday 14:35–16:15 P106, M. Slanicay
BPE_EKPR/05: each odd Tuesday 18:00–19:35 P104, M. Slanicay
BPE_EKPR/06: each even Tuesday 18:00–19:35 P104, M. Slanicay
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The main objective of the course is to explain how labor markets work. First part of the course analyzes labor supply decisions made by rational households, labor demand decisions made by profit-maximizing firms and compensating wage differentials under assumption of competitive markets. Applicative part includes analysis of industry wage differentials and returns to human capital investments. The course also explains why and how labor markets may differ from competitive markets. Attention is paid to efficiency wages and other incentive schemes, discrimination, wage bargaining and unemployment.
Syllabus
  • 1. Introduction
  • 2. Labor Supply
  • 3. Labor Demand
  • 4. Labor Market Equilibrium
  • 5. Compensating Wage Differentials
  • 6. Human Capital
  • 7. Wage Structure
  • 8. Labor Mobility
  • 9. Labor Market Discrimination
  • 10. Labor Unions
  • 11. Incentive Pay
  • 12. Unemployment
Literature
    required literature
  • BORJAS, George. Labor Economics. 5th ed. McGraw Hill Higher Education, 2009. ISBN 978-0070172708. info
    recommended literature
  • EHRENBERG, Ronald G. and Robert Stewart SMITH. Modern labor economics : theory and public policy. 10th ed. Boston: Pearson/Addison Wesley, 2009, xxi, 650. ISBN 9780321538963. info
  • BOERI, Tito and Jan VAN OURS. The Economics of Imperfect Labor Markets. Second Edition. Princeton: Princeton University Press, 2013, 434 pp. ISBN 978-0-691-15893-8. info
  • MCCONNELL, Campbell R., Stanley L. BRUE and David A. MACPHERSON. Contemporary labor economics. 8th ed. Boston: McGraw-Hill Higher Education, 2009, 625 s. ISBN 9780073511320. info
Teaching methods
Lectures, discussion in seminars class.
At the end of the course students should be able to:
- understand and explain motivations and behaviour of individual agents,
- appraise impact of government policy and regulations on labour market functioning,
- describe economic consequences of labour unions.
After passing out students are expected to be able to discuss practical problems such as: which factors cause wage differentials, what are determinants of unemployment, what affects decisions about human capital investments etc.
Assessment methods
2 in-term written tests (maximum 2x10 pts), evaluation of activity in seminars (maximum 20 pts), final written test (maximum 30 pts).
Evaluation scale:
A: 70-63 pts
B: 62-56 pts
C: 55-51 pts
D: 50-46 pts
E: 45-42 pts
F: less than 42 pts
Language of instruction
Czech
Further comments (probably available only in Czech)
Study Materials
The course is taught annually.
General note: Přednášky jsou dostupné online a ze záznamu.
Information about innovation of course.
This course has been innovated under the project "Inovace studia ekonomických disciplín v souladu s požadavky znalostní ekonomiky (CZ.1.07/2.2.00/28.0227)" which is cofinanced by the European Social Fond and the national budget of the Czech Republic.

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The course is also listed under the following terms Spring 2010, Spring 2011, Spring 2012, Spring 2013, Spring 2014, Spring 2015, Spring 2017, Spring 2018, Spring 2019, Spring 2020, Spring 2021.
  • Enrolment Statistics (Spring 2016, recent)
  • Permalink: https://is.muni.cz/course/econ/spring2016/BPE_EKPR