156-0902/03 – Labour Market Theory (TTP)

Gurantor departmentDepartment of National EconomyCredits10
Subject guarantorprof. Ing. Jaromír Gottvald, CSc.Subject version guarantorprof. Ing. Jaromír Gottvald, CSc.
Study levelpostgraduateRequirementChoice-compulsory
YearSemesterwinter + summer
Study languageCzech
Year of introduction2007/2008Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
GOT40 prof. Ing. Jaromír Gottvald, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 90+0
Combined Examination 90+0

Subject aims expressed by acquired skills and competences

- to define and clarify labour market theory, employment and unemployment - to explain theoretical and empirical implications of employment and unemployment to further aspects such as minimum wage, real wage, labour market equilibrium - to distinguish approaches of classical, neoclassical and other theories to employment and unemployment - to define theories of labour force migration and discuss impact of migration on the labour market - to outline human capital and analyse its impact on the labour market

Teaching methods

Individual consultations

Summary

Theory of the individual labour supply. Decision-making between work and leisure. Fundamental Model. Rate of working activity and length of working time. Labour quality and investment into human capital. Theory of human capital. Theory of supply and demand of employment work. Theory of unemployment. Inflation, unemployment and growth of productivity. NAIRU. Wages determination and work allocation. Unions and collective bargaining. Government and Labour market. Discrimination on the labour market. Process of looking for a job. Mobility of the labour force.

Compulsory literature:

Borjas, G. J.: Labor Economics. New York. The McGraw-Hill Companies 1996. Ehrenberg, R. G. - Smith, R. S.: Modern Labour Economics. New York. Harper Collins College Publisher, nc. 1994. Filer, R. K. - Hamermesh, D. S. - Rees, A. E.: The Economics of Work and Pay. Sixth Edition. Harper Collins Publishers 1996. Layard, R. - Mickell, S. - Jackman, R.: Unemployment. Oxford University Press 1991.

Recommended literature:

Filer, R. K. - Hamermesh, D. S. - Rees, A. E.: The Economics of Work and Pay. Sixth Edition. Harper Collins Publishers 1996. Layard, R. - Mickell, S. - Jackman, R.: Unemployment. Oxford University Press 1991

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

No other requirements.

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 • 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

Combined form (validity from: 2013/2014 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Examination Examination  
Mandatory attendence parzicipation:

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Occurrence in study plans

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2017/2018 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
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2016/2017 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2016/2017 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2015/2016 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2015/2016 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2014/2015 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2014/2015 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2013/2014 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2013/2014 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan

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