Human Resources Economics

Code:

1EC405

Acronym:

ERH

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2020/2021 - 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	135	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese and english
Obs.: I

Objectives

The purpose of the course is to help students understand how labour markets work. Linking facts and theories, by the end of the course, students should be able to characterize the Portuguese labour market and discuss the outcomes of social and labour market policies. Students should also understand the economic foundations of human resources management practices.

Learning outcomes and competences

Students should be able to identify the main characteristics of the Portuguese and European labour markets and discuss the outcomes of social and labour market policies. Students should also be able to identify the economic foundations of human resources management practices.

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

n.a.

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. Human capital. 5.1. Human capital and investments in human capital. 5.2. Schooling. 5.3. Training. 6. Labour Market Discrimination a. Taste Discrimination; b. Statistical Discrimination; c. Measuring Discrimination. 7. Compensating wage differentials. 7.1. Worker heterogeneity and workplace characteristics. 7.2. Hedonic wage function.8. Incentive Pay. 8.1. The employment contract as an agency contract. 8.2. Imperfect information and motivation. 8.3. Wages as motivators.

Mandatory literature

Borjas George J.; Labor economics. ISBN: 978-1-259-25236-5

Teaching methods and learning activities

Exposition of theories and facts and discussion of social and labour market policy outcomes.

Software

n.a.

keywords

Social sciences > Economics > Labour economics

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Teste	30,00
Exame	70,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	39,00
Frequência das aulas	42,00
Total:	81,00

Eligibility for exams

All students enrolled can take the exam.

Calculation formula of final grade

The continuous assessment consists of 2 tests, the 1st partial, the 2nd global.

Calculation of final mark: 30% mark T1 + 70% mark T2.

The final grade does not include the grade of the first test if it is lower than the grade of the second one.

Minimum grades: 1st test - 7.0 points; 2nd test - 8.5 points. When the student has a grade lower than the minimum in one of the tests, the final grade cannot be higher than 8.

The submission of the 1st test does not bind students to the continuous assessment regime.

As alternative, there is a final exam.

Examinations or Special Assignments

.

Classification improvement

By taking an exam.

Observations

In online tests and exams, the teachers may require an additional oral test or exam.

Assessment of students in isolation due to Covid-19 is done through distance oral exams (if face-to-face exams are already available).