| CODE | ECN5230 | ||||||||
| TITLE | Economics of Labour Markets and Human Potential | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | The labour market is a significant institution in any type of economy. Labour is one of the main resources within an effective economy. The analysis follows demand/supply considerations, but also delves into the returns to education, discrimination, labour mobility, unemployment, labour unions, and labour market policies. Study-unit Aims: The aim of this study-unit is to introduce students to a rigorous economic analysis of the role labour plays in the economy. It provides regression analysis of returns to educational investments, risk and incentives resulting in wage differentials. By the end of this study-unit, students should be able to apply theoretical models to analyze economic issues related with labour market policies, unionization, and migration. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: - understand the impact of labour market policies on the economy; - appreciate the importance of utilizing all available resources in an economy; - comprehend the value of labour market institutions to reach equilibrium. 2. Skills By the end of the study-unit the student will be able to: - analyse the impact of education on the labour market and the economy; - use economic models to evaluate policy decisions which increase the economic value of labour; - verify theoretical predictions through empirical investigation. Main Text/s and any supplementary readings: Main Texts - Borjas G. J. (2020) Labor Economics. New York: McGraw Hill Education. - Ehrenberg R.G. and Smith R.S. (2017) Modern Labor Economics: Theory and Public Policy. Routledge. Supplementary readings - Labour Economics (the official Journal of the European Association of Labour Economists). - Reports and statistical material from the International Labour Organization, International Migration Organization, National Statistics Office of Malta, Eurostat, Eurofound, and other entities. Additional material based on current case studies. |
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| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Melchior Vella |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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