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Labour Economics (ECON40008)
HonoursPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability | Semester 2 |
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Fees | Look up fees |
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
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High level of development: application of theory to practice; interpretation and analysis.
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Moderate level of development: oral communication; written communication; problem solving; statistical reasoning; critical thinking; synthesis of data and other information; evaluation of data and other information; use of computer software; accessing data and other information from a range of sources; receptiveness to alternative ideas.
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Some level of development: collaborative learning; team work.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Admission into BH-COM or BH-ARTS (Economics) and both of the following:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
ECOM40006 | Econometrics 3 | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Students may not gain credit for both
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40008 | Labour Economics | Semester 2 (On Campus - Parkville) |
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON90013 | Labour Economics | Semester 2 (On Campus - Parkville) |
12.5 |
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
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
- A 2-hour end-of-semester examination (70%)
- One essay (individual) totalling no more than 2000 words due in week 12 (10%)
- One 15 minute in class presentation (individual) in an individually allocated time from week 3 to week 11 (5%)
- Three problem sets (group), no more than 6 pages each due in weeks 5, 8 and 11 (15%)
- To pass this subject students must pass the end of semester examination.
Last updated: 3 November 2022
Dates & times
- Semester 2
Principal coordinator Lawrence Uren Mode of delivery On Campus (Parkville) Contact hours 170 hours Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019
Time commitment details
170 Hours
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022