AØKA08065U Labour Economics

Volume 2013/2014
MSc in Economics

Course Content: The course covers the following topics:

  • Labor supply and demand
  • Education and human capital
  • Wage formation
  • Local labor markets
  • Job search, unemployment and job reallocation
  • Bargaining and minimum wages
  • Active labor market policies
  • Flexicurity and employment protection
Learning Outcome

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 labor economics and reflect critically on new theories and empirical evidence.

 To meet the above aims, at the end of the course the students are expected to learn to describe the following concepts/theories as well as apply them in the analysis of concrete empirical phenomena and policy proposals:

  • The neoclassical theory of labor supply both in a static and dynamic setting
  • The neoclassical theory of labor demand
  • General and specific human capital
  • Different types of wage determination, including bargaining, compensating differentials and contract theory
  • Local labor markets
  • Search and matching models of the labor market
  • Labor market policies such as unemployment benefits, active labor market policies and employment protection

The main textbook for the course is:

Cahuc and Zylberberg:  "Labor Economics", MIT Press 2004.

The textbook will be supplemented by a few journal article covering the most recent research in Labor Economics.

Bachelor degree in Economics.
3 hours of lectures per week for 14 weeks.
  • Category
  • Hours
  • Exam
  • 12
  • Lectures
  • 42
  • Preparation
  • 152
  • Total
  • 206
7,5 ECTS
Type of assessment
Written examination, 12 hours
12-hours take-home
All aids allowed
Marking scale
7-point grading scale
Censorship form
External censorship
100 % censurship
Exam period
Will be updated before the start of the semester
Same as ordinary. But if only a few students have registered for the re-exam, the exam might change to an oral exams with a synopsis to be handed in. This means that the examination date also will change.
Criteria for exam assesment
The Student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.