156-0325/01 – Labour Market Economics B (ETP B)
| Gurantor department | Department of Applied Economics | Credits | 4 |
| Subject guarantor | prof. Ing. Jaromír Gottvald, CSc. | Subject version guarantor | prof. Ing. Jaromír Gottvald, CSc. |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 1 | Semester | winter |
| | Study language | Czech |
| Year of introduction | 2003/2004 | Year of cancellation | 2010/2011 |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
- to define and clarify the issues referring to unemployment and state interventions on the labour market
- to explain the relation between unemployment and other aspects such as minimum wage, real wage and labour market equlibrium
- to distinguish classical, neoclassical and other theories of unemployment
- to analyse basic tendencies on the EU labour markets
- to show development of the European Union with emphasis to the labour markets
Teaching methods
Lectures
Tutorials
Other activities
Summary
The course provides especially the exact knowledge of unemployment and government´s interventions in the labour market. The subject explains the relation between the unemployment and other important economic phenomenons such as minimum wage, real wage, economic equilibrium. Theory is based on the classical, neoclassical approach but also on other theories. The course provides the knowledge of the European Union labour markets, too. Development of the EU integration process since the eighties and basic development tendencies in the labour market.
Compulsory literature:
LAYARD, Richard, Stephen NICKELL a Richard JACKMAN. Unemployment: Macroeconomic Performance and the Labour Market. 2. ed. New York: Oxford University Press, 2005. ISBN 0-19-927917-9.
Recommended literature:
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. What drives the unemployment equilibrium?
• Inflation and wage pressures
• Equilibrium and disequilibrium unemployment
• Unemployment and inflation variations, NAIRU.
2. Causes of the unemployment variations, demand and supply shocks
• Aggregate economic shocks
• Structural shocks
• Hysteresis
3. Trade unions and wage collective bargaining
• Theories, approaches
• Situation and approaches in the Czech Republic
4. Relation between real wages and unemployment
• If the labour market is not clearing, why are wages rigid?
• Effective wages
5. The impact of prices, taxes and productivity on the unemplyment
• Long-term and short-term aspect
• Subject to the effective wages
• Subject to the wage bargaining
6. The impact of people behaviour while looking for the job on the unemployment
• Beveridge curve
• Is unemployment voluntary or involuntary
• Theory of dual labour market, labour market segmentation
7. Why do some groups of people face the higher risk of unemployment?
• Analysis of the causes of uneployment differencies among countries
8. Why do some groups of people face the higher risk of unemployment?
• Adapting mechanisms in the labour market
• Possibility of the uneployment decrease, principles and approaches
9. Migration and mobility of labour force
• Theoretical approaches and trends
• Situation in Europe and in the Czech Republic
10. Minimum wage, wage determinants in the labour market
• Approaches
• Functions
• Method of determination
• Relation to the subsistence (existence) level
11. Factors of labour market development in the Czech Republic
• Factors on the supply side
• Factors on the demand side
• Microeconomic factors
12. Process of solving the supply and demand mismatch in the labour market and status of employment policy in this process.
• Approaches to labour market interventions
• Active employment policy programmes
• Passive employment policy programmes
• Employment policy convention
13. National employment plan
• Action employment plans in the respective years
• Employment policy instruments from the view of the particular topics
• Comparison with European Guidelines
14. Anticipated development in the Czech labour market and possibilities of employment policy
• Main contemporary development tendencies of the Czech labour market
• Estimation of future development in the labour market
• Possibilities of contemporary employment policy
• Employment policy programmes in preparation
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction