Human Resources Economics

Code:

1EC405

Acronym:

ERH

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2021/2022 - 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	148	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese and english

Objectives

The purpose of the course is to help students understand how labour markets work. It is intended to provide students with analytical tools and empirical data that contribute to understanding the behaviour of agents and institutions in the labour markets and their uniqueness vis-à-vis other markets in which microeconomics is concerned.

Learning outcomes and competences

Students should be able to identify the main characteristics of the labour markets configuration and discuss the outcomes of social and labour market policies. It is expected that they will be better able to think critically about the minimum wage, income support, working time regulation and anti-discrimination policies. Finally, they should understand the advantages and disadvantages of the incentives that make up the compensation packages for workers.

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. 2.3. Applications: Fixed Labour Costs; Rigidity of Working Hours; Income Support of Workers; Unconditional Basic Income; Labour Supply over the Business Cycle; Domestic Work and Family Labour Supply. 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. 3.3. Applications: Work Time Reduction Policies; Employment Protection Legislation. 4. Labour market equilibrium 4.1. Competitive labour markets. 4.2. Noncompetitive labour markets: monopsony. 4.3. Applications: International Migration; Minimum Wages. 5. Human capital. 5.1. Investment in human capital. 5.2. Schooling. 5.3. On-the-job Training. 6. Labour Market Discrimination 6.1. Taste Discrimination; 6.2. Statistical Discrimination; 6.3. Measuring Discrimination. 6.4. Applications: Anti-discrimination Policies. 7. Incentive Pay. 7.1. Imperfect information and motivation. 7.2. Piece rates and time rates. 7.3. Tournaments. 7.4. Efficiency wages.

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 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	42,00
Frequência das aulas	39,00
Total:	81,00

Eligibility for exams

All students enrolled can take the exam.

Calculation formula of final grade

Distributed evaluation without final exam.

• The evaluation consists of two tests, both partial examinations.


• Formula: 50% grade T1 + 50% grade T2. 


• The minimum score in each test: 7,0 points; when the student has a score below 7,0 points in one of the two tests, the maximum score he can obtain in the course cannot be above 8 points. 


• The delivery of the first test does not attach the student to the regime of distributed evaluation.

As alternative, there is a final exam.

Examinations or Special Assignments

.

Classification improvement

By taking an exam.

Observations

In online examinations, when appropriate, an additional oral examination may be held.