Human Resources Economics

Code:

1EC405

Acronym:

ERH

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2015/2016 - 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	230	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 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. Labour Market Discrimination a. Taste Discrimination; b. Statistical Discrimination; c. Measuring Discrimination. 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

George J. Borjas; Labor Economics, McGraw-Hill, 2013. ISBN: 978-007-132620-9

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

Designation	Weight (%)
Teste	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	50,00
Frequência das aulas	50,00
Total:	100,00

Eligibility for exams

For those students choosing continuous assessment, attendance of lectures is required (minimum 2/3)

Calculation formula of final grade

Countinuous assesment consists of 2 partial examinations and one essay presented in class. Only by submitting their second test do students commit to this type of assessment.

As alternative, there is a final exam.

Examinations or Special Assignments

n.a.

Special assessment (TE, DA, ...)

n.a.

Classification improvement

For those students wishing to improve their final grade, there is a re-sit exam.

Observations

n.a.