Human Resources Economics

Code:

1EC405

Acronym:

ERH

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2012/2013 - 2S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Bachelor in Economics

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LECO	25	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese

Objectives

The purpose of the course is to help students understand the mechanisms that preside over the functioning of labour markets. By the end of the course, students should be able to characterize the Portugues labour market against the background of European labour markets and discuss the impact of labour market policies. The economic foundations of human resources management practices are also highlighted.

Learning outcomes and competences

Students should be able to characterize the Portugues labour market against the background of European labour markets and discuss the impact of labour market policies. The economic foundations of human resources management practices are also highlighted.

 

Working method

Presencial

Program

1. Introduction. 2. Labour supply. 2.1. The individual labour supply decision. 2.2. Individual and aggregate labour supply curve. 3. Labour demand. 3.1. Labour demand in the short-run and in the long-run. 3.2. Non-wage labour costs and adjustment costs. 4. The labour market. 4.1. Competitive labour markets. 4.2. Competitive labour markets with migration flows. 5. Compensating wage differentials. 5.1. Worker heterogeneity and workplace characteristics. 5.2. Hedonic wage function. 6. Human capital. 6.1. Human capital and investments in human capital. 6.2. Schooling. 6.3. Training. 7. Wages - motivation and pay. 7.1. The employment contract as an agency contract. 7.2. Imperfect information and motivation. 7.3. Wages as motivators.

Mandatory literature

George Borjas; Labor Economics, McGraw-Hill, 2007. ISBN: 978-0-07--110142-4

Complementary Bibliography

Edward P. Lazear e Michael Gibbs; Personnel Economics in Practice; Wiley 2009
European Commission; Employment and Social Developments in Europe 2012, Luxembourg: Publications Office of the European Union , 2012. ISBN: ISBN 978-92-79-27159-5

Teaching methods and learning activities

Exposition of theory and discussion of labour market policy issues.

Software

n.a.

keywords

Social sciences > Economics > Labour economics

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Description	Type	Time (hours)	Weight (%)	End date
Test	Teste		50,00
Test	Teste		50,00
	Total:	-	100,00

Eligibility for exams

n.a.

Calculation formula of final grade

There are 2 tests. The final mark is calculated as follows: 50% * Test1 + 50% * Test2. Only by submitting their second test do students commit to this type of assessment.

Examinations or Special Assignments

n.a.

Special assessment (TE, DA, ...)

n.a.

Classification improvement

n.a.

Observations

n.a.