AØKA08065U Labour Economics
The course in labor economics is supposed to enable students to read and understand current and previous research in labor economics, discuss policy proposals from the perspective of labor economics and reflect critically on new theories and empirical evidence.
The course covers the following topics:
Labor supply and demand
Education and human capital
Job search, unemployment and job reallocation
Bargaining and minimum wages
Active labor market policies
- Flexicurity and employment protection
After completing the course, the student should be able to:
- Describe the following theories and concepts:
- The neoclassical theory of labor supply
- The neoclassical theory of labor demand
- General and specific human capital
- Different types of wage determination
Search and matching models of the labor market
- Evaluate differences and similarities between the theories and concepts listed above
- Apply the concepts and theories listed above in the analysis of concrete empirical phenomena and policy proposals
- Apply and extend theoretical labor market models with the view to understanding real world issues.
- Construct and defend arguments on issues related to labor economics.
Assess an empirical research design and how to develop arguments supporting or critizing the empirical strategy.
Cahuc, P., S. Carcillo, and A. Zylberberg (2014), “Labor Economics”, MIT Press, ISBN: 9780262027700.
The textbook will be supplemented by lecture notes, slides and a few journal articles.
2 hours lectures 1 to 2 times a week from week 6 to 21 (except holidays).
The overall schema for the Master can be seen at
Timetable and venue:
To see the time and location of lectures please press the link/links under "Se skema" (See schedule) at the right side of this page (E means Autumn, F means Spring).
You can find the similar information partly in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F18; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Forår/Spring – Week 5-30”
Press: “ View Timetable”
Registration and information for foreign students not enrolled please find more information at Study Economics.
Læs om uddannelsen og studieordningen på KA uddannelsen i økonomi.
- 7,5 ECTS
- Type of assessment
- Written examination, 12 hoursindividual take-home exam. It is not allowed to collaborate on the assignment with anyone. The exam assignment is given in English and must be answered in English.
- Exam registration requirements
- All aids allowed
- Marking scale
- 7-point grading scale
- Censorship form
- No external censorship
The course can be selected for external assessment.
- Exam period
The take-home exam takes place from May 26, 2018, at 10 a.m. to 10 p.m.
The take-home reexam takes place from August 29, 2018, at 10 a.m. to 10 p.m.
If only a few students have registered for the written re-exam, the reexam might change to an oral exam including the date, time and venue for the exam, which will be informed by the Examination Office.
Criteria for exam assesment
Students are assessed on the extent to which they master the learning outcome for the course.
To receive the top grade, the student must with no or only a few minor weaknesses be able to demonstrate an excellent performance displaying a high level of command of all aspects of the relevant material and can make use of the knowledge, skills and competencies listed in the learning outcomes.