156-0902/03 – Labour Market Theory (TTP)
| Gurantor department | Department of Applied Economics | Credits | 10 |
| Subject guarantor | prof. Ing. Jaromír Gottvald, CSc. | Subject version guarantor | prof. Ing. Jaromír Gottvald, CSc. |
| Study level | postgraduate | Requirement | Choice-compulsory |
| Year | | Semester | winter + summer |
| | Study language | Czech |
| Year of introduction | 2007/2008 | Year of cancellation | 2020/2021 |
| Intended for the faculties | EKF | Intended for study types | Doctoral |
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
Other requirements
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.