AØKA08065U Labour Economics

Volume 2020/2021

MSc programme in Economics – elective course


The PhD Programme in Economics at the Department of Economics:

  • The course is an elective course with research module. PhD students must contact the study administration AND the lecturer in order to register for the research module and write the research assignment.

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
  • Wage formation and wage bargaining
  • Job search, unemployment and job reallocation
  • Active labor market policies
  • Flexicurity and employment protection
Learning Outcome

After completing the course the student is expected to 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


  • Apply the concepts and theories listed above in the analysis of concrete empirical phenomena and policy proposals
  • Evaluate differences and similarities between the theories and concepts listed above
  • Assess an empirical research design and how to develop arguments supporting or critizing the empirical strategy



  • 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.

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.

Pre-requisites are the bachelor-level econometrics course Econometrics I (Økonometri I) at the Study of Economics, University of Copenhagen, or equivalent.

It is strongly recommended to have followed the course Microeconomics III at the Study of Economics, University of Copenhagen, or equivalent prior taking "Labour Economics".
Lectures and in-class discussion.

There will be office hours. The lecturers will inform you in Absalon.

In case of a pandemic like Corona the teaching in this course may be changed to be taught either fully or partly online. For further information, see the course room on Absalon.
2 hours lectures 1 to 2 times a week from week 6 to 21 (except holidays).

The overall schema for the Master courses can be seen at KUnet:
MSc in Economics => "courses and teaching" => "Planning and overview" => "Your timetable"
KA i Økonomi => "Kurser og undervisning" => "Planlægning og overblik" => "Dit skema"

Timetable and venue:
To see the time and location of lectures please press the link/links under "Timetable"/​"Se skema" at the right side of this page (F means Spring).

You can find the similar information in English at
-Select Department: “2200-Økonomisk Institut” (and wait for respond)
-Select Module:: “2200-F21; [Name of course]”
-Select Report Type: “List – Weekdays”
-Select Period: “Forår/Spring – Week 5-30”
Press: “ View Timetable”

Please be aware:
- That it is the students´s own responsibility to continuously update themselves about their studies, their teaching, their schedule, their exams etc. through the study pages, the course description, the Digital Exam portal, Absalon, KUnet, myUCPH app, the curriculum etc.
  • Category
  • Hours
  • Lectures
  • 42
  • Preparation
  • 152
  • Exam
  • 12
  • Total
  • 206
7,5 ECTS
Type of assessment
Written examination, 12 hours
individual 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.

In the event that the summer's exams have to be conducted as online exams due to COVID-19, the exam form for the re-exam will be same as the rescheduled ordinary exam, but possibly online orally if only few students register
Exam registration requirements

There are no requirements that the student has to fulfill during the course to be able to sit the exam.


All aids allowed

for the written assignment.


Marking scale
7-point grading scale
Censorship form
No external censorship
for the written exam.
Exam period

The regular exam takes place:

9 June 2021 from 10 AM to 10 PM


Exam information:

Note: In special cases, the exam can change to another day.


Further information about the exam will be available in the Digital Exam portal from the middle of the semester. 


More information about examination, rules etc.: Master students (UK) and Master students (DK)



The reexam takes place:

In week 35 or 36

as a 20 minutes oral examination without preparation time.

No aids are allowed at the oral examination.

In case of a pandemic crisis the oral exam as well as use of aids may be changed. In case of COVID-19 restrictions, please refer to the "Type of assessment" section.


Reexam information:

More info is available in Digital Exam early August.

More info at Master(UK) and Master(DK).

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.