Objectives and competences
In this course students:
1. upgrade their knowledge about standard topics of labour markets
2. upgrade their methodological knowledge with econometric analysis of specific characteristics of labour markets (usage of micro data)
3. know how to apply standard econometric approached used for labour market analysis
Content (Syllabus outline)
1. Labour market characteristics (labour demand, labour demand elasticity, labour supply, unemployment)
2. Labour market specifics (trade unions, minimum wage, wage differencials, migration, effects of international trade)
3. Education: investment in human capital
4. Characteristics of labour market econometric analysis
5. Application of regression analysis for labour markets
6. Application of dummy variables, logit and probit models
7. Application of duration models for unemployment duration analysis
8. Approaches evaluation policy measures in labour markets
Learning and teaching methods
lectures;
- working with econometric software;
- teachers' consultations;
- self study with literature
Intended learning outcomes - knowledge and understanding
Development of Knowledge and Understanding
The learner:
? Knowledge base: has great depth and systematic understanding of labour market characteristics and its connection to the whole economy.
? Ethical issues: can analyse the ethical dilemmas by solving economic issues at the scientific level.
? Disciplinary methodologies: has a comprehensive understanding of empirical techniques for analysis of labour markets
Cognitive and Intellectual Skills
The learner:
? Analysis: with critical awareness, can undertake analysis, managing complexity, incompleteness of data or contradictions in the areas of labour market economics.
? Synthesis: can synthesize approaches and findings by forming scientific explanation.
? Application: can act independently and with originality in problem solving and is able to evaluate the role of empirical findings in labour market economics.
Key / Transferable Skills
The learner:
? Learning resources: is able to use full range of learning resources.
? Management of information: upgrades the ability to become an autonomous learner and is able to undertake research tasks.
? Autonomy: is independent and self-critical as learner and can manage own continuing professional development.
Practical Skills
The learner:
? Application of skills: can operate in complex and dynamic contexts that may be at the forefront of knowledge.
? Autonomy in skill use: can act in a professional capacity for self/others, with responsibility and largely autonomously.
Readings
Ronald G. Ehrenberg, in Robert S. Smith. 2012. Modern Labor Economics. Pearson Education.
Benjamin, Dwayne, Morley Gunderson, in Craig Riddell. 2002. Labour Market Economics, 5/e. McGraw- Hill Higher Education.
Bazen, Stephen. 2011. Econometric Methods for Labour Economics. Oxford University Press.
Izbrani znanstveni članki/Selected scientific articles
Additional information on implementation and assessment seminar work; 70
- oral examination. 30
Student passes the exam, when each part of the examination is positively evaluated..
