156-0525/01 – Labour Market Economics B (LME B)

Gurantor departmentDepartment of Applied EconomicsCredits6
Subject guarantorprof. Ing. Jaromír Gottvald, CSc.Subject version guarantorprof. Ing. Jaromír Gottvald, CSc.
Study levelundergraduate or graduateRequirementCompulsory
Study languageEnglish
Year of introduction2017/2018Year of cancellation
Intended for the facultiesEKFIntended for study typesFollow-up Master
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 4+1

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

Other activities


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:

EHRENBERG, Ronald G. a Robert S. SMITH. Modern Labour Economics: Theory and Public Policy. 10th ed. Boston: Pearson Addison-Wesley, 2009. ISBN 978-0-321-53896-3. FILER, Randall K., Daniel S. HAMERMESH a Albert E. REES. The Economics of Work and Pay. 6th ed. New York: Harper Collins, 1996. ISBN 0-673-99474-0.

Way of continuous check of knowledge in the course of semester


Other requirements

Presentation of projects results in groups.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. What drives the unemployment equilibrium? 2. Causes of the unemployment variations, demand and supply shocks 3. Trade unions and wage collective bargaining 4. Relation between real wages and unemployment 5. The impact of prices, taxes and productivity on the unemployment 6. The impact of people behaviour while looking for the job on the unemployment 7. Why do some groups of people face the higher risk of unemployment? 8. Why do some groups of people face the higher risk of unemployment 9. Migration and mobility of labour force 10. Minimum wage, wage determinants in the labour market 11. Factors of labour market development in the Czech Republic 12. Process of solving the supply and demand mismatch in the labour market and status of 13. National employment plan 14. Anticipated development in the Czech labour market and possibilities of employment policy 15. Panorama of the European labour markets I. 16. Panorama of the European labour markets II 17. Long terms sectoral employment trends and structural changes in the European labour markets 18. Education (level, structure, duality) and employment in EU, position of youth on labour markets 19. Labour market performance gaps between European regions 20. Flexibility, quality and job protection in European Employment Strategy systems 21. Key determinants of effective functioning of labour market 22. European Employment Strategy – pillars and guidelines, EU labour market reforms 23. Employment Guidelines – main tasks and horizontal objectives 24. National action plans, Commission recommendations, Employment Taskforce and their implementation 25. Denmark - Impact evaluation of the European Employment Strategy 26. Ireland - Impact evaluation of the European Employment Strategy 27. UK - Impact evaluation of the European Employment Strategy 28. Spain - Impact evaluation of the European Employment Strategy

Conditions for subject completion

Full-time form (validity from: 2017/2018 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Credit and Examination Credit and Examination 100 (100) 51
        Credit Credit  
        Examination Examination 100  51
Mandatory attendence parzicipation:

Show history

Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2018/2019 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Compulsory study plan
2017/2018 (N6202) Economic Policy and Administration (6202T027) National Economy P English Ostrava 1 Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner