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ECON301 Labour Economics

Labour markets, labour supply, labour demand, wage determination, inflation and unemployment. Specific New Zealand labour market issues are also addressed.

Labour economics studies how labour markets work. The labour market is undoubtedly the most important market that impacts directly on almost all of us for a significant period of our lives. This paper aims to introduce students to key theories, issues and problems in the analysis of labour markets. It uses some elementary microeconomic and macroeconomic theory to increase understanding of labour demand, labour supply and labour market outcomes. It addresses issues associated with changes in participation rates, the effect of minimum wage rates, the impact of unions, income inequality and labour market discrimination and also looks at a historical analysis of New Zealand's labour market legislation. The internal assessments and final exam will test whether or not the student can analyse issues in labour economics critically using relevant economic principles and theory.

Paper title Labour Economics
Paper code ECON301
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period Second Semester
Domestic Tuition Fees (NZD) $813.45
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

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Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
economics@otago.ac.nz
Teaching staff
Convenor and Lecturer: Arlene Ozanne
Textbooks
Labor Economics, 2015, 7th edition, by George J. Borjas, McGraw-Hill Irwin.
Graduate Attributes Emphasised
Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding, Ethics, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, students should have a general understanding of how labour markets operate. Students should develop both knowledge and appreciation of applying general economic principles and theory in evaluating behaviour and interactions in the labour market. Related to this, students should be able to use quantitative data and develop qualitative analysis to explain how labour market outcomes change over time. Students should learn to analyse current issues and policy debates in this area and be able to assess and critique labour market policies from a more knowledgeable perspective.

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Timetable

Second Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Monday 16:00-16:50 28-34, 36-41
Wednesday 10:00-10:50 28-34, 36-41

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Wednesday 13:00-13:50 30, 32, 34, 37, 39, 41
T2 Wednesday 16:00-16:50 30, 32, 34, 37, 39, 41
T3 Thursday 13:00-13:50 30, 32, 34, 37, 39, 41

Labour markets, labour supply, labour demand, wage determination, inflation and unemployment. Specific New Zealand labour market issues are also addressed.

Labour economics studies how labour markets work. The labour market is undoubtedly the most important market that impacts directly on almost all of us for a significant period of our lives. This paper aims to introduce students to key theories, issues and problems in the analysis of labour markets. It uses microeconomic and macroeconomic theory to increase understanding of labour demand, labour supply and labour market outcomes. It addresses issues associated with changes in participation rates, the effect of minimum wage rates, the impact of unions, income inequality and labour market discrimination and also looks at a historical analysis of New Zealand's labour market legislation. The internal assessments and final exam will test whether or not the student can analyse issues in labour economics critically using relevant economic principles and theory.

Paper title Labour Economics
Paper code ECON301
Subject Economics
EFTS 0.1500
Points 18 points
Teaching period First Semester
Domestic Tuition Fees Tuition Fees for 2018 have not yet been set
International Tuition Fees Tuition Fees for international students are elsewhere on this website.

^ Top of page

Prerequisite
ECON 201 or ECON 271
Schedule C
Arts and Music, Commerce, Science
Contact
economics@otago.ac.nz
Teaching staff
Convenor and Lecturer: Arlene Ozanne
Textbooks
Labor Economics, 2015, 7th edition, by George J. Borjas, McGraw-Hill Irwin.
Graduate Attributes Emphasised
Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding, Ethics, Information literacy, Research, Self-motivation.
View more information about Otago's graduate attributes.
Learning Outcomes
Upon successful completion of this paper, students should have a general understanding of how labour markets operate. Students should develop both knowledge and appreciation of applying general economic principles and theory in evaluating behaviour and interactions in the labour market. Related to this, students should be able to use quantitative data and develop qualitative analysis to explain how labour market outcomes change over time. Students should learn to analyse current issues and policy debates in this area and be able to assess and critique labour market policies from a more knowledgeable perspective.

^ Top of page

Timetable

First Semester

Location
Dunedin
Teaching method
This paper is taught On Campus
Learning management system
Blackboard

Lecture

Stream Days Times Weeks
Attend
L1 Monday 09:00-09:50 9-13, 15-22
Wednesday 09:00-09:50 9-13, 15-16, 18-22

Tutorial

Stream Days Times Weeks
Attend one stream from
T1 Wednesday 13:00-13:50 11, 13, 16, 18, 20, 22
T2 Thursday 13:00-13:50 11, 13, 16, 18, 20, 22
T3 Thursday 14:00-14:50 11, 13, 16, 18, 20, 22