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Labour Economics (ECON90013)
Graduate courseworkPoints: 12.5Not available in 2017
Overview
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This is an advanced subject in labour economics. Topics to be covered will include: Overview of labour market outcomes in Australia; Labour supply (including labour force participation, hours of work, and the effects of public policy); Labour demand; Human capital; Labour market discrimination; Unemployment; Wage determination; Earnings distributions; Impact of unions. Other topics may include labour market flows (including the analysis of quits and layoffs), immigration, and employment structures within firms. In each topic relevant theory and empirical research (especially relevant Australian studies) will be examined.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Describe the fundamental features of a labour market, its operation, and role in the economy;
- Apply relevant microeconomic and macroeconomic theory to explain the main potential determinants of labour market outcomes;
- Critically evaluate empirical evidence on the operation of labour markets, and on the main determinants of labour market outcomes;
- Formulate simple theoretical models of the operation of the labour market, and design strategies for empirically testing theories.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Evaluation of ideas, views and evidence
- Synthesis of ideas, views and evidence
- Critical thinking
- Application of theory to economic policy and business decision-making
- Summarise and interpretation of information
- Statistical reasoning
- Problem solving skills
- Oral communication
- Written communication
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
One of the following 2 subjects:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
ECON90002 | Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Plus one of the following subjects:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM40006 | Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
ECOM90013 | Econometric Techniques | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
ECON40008 Labour Economics
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40008 | Labour Economics | Not available in 2024 |
12.5 |
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Additional details
- 2-hour end of semester examination (70%);
- 2000 word individual essay due in week 12 (10%);
- A 15 minute individual in class presentation (individual), individually allocated time from week 3 to week 11 (5%); and
- Three group completed problem sets no more than 6 pages each due in weeks 5, 8 and 11) (15%)
Last updated: 3 November 2022
Dates & times
Not available in 2017
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Subject notes
Students may not gain credit for both ECON90013 Labour Economics and ECON40008 Labour Economics.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Economics - Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 3 November 2022