156-9512/01 – Economics of Labour Market (ETP)

Gurantor departmentDepartment of Applied EconomicsCredits10
Subject guarantorprof. Ing. Jaromír Gottvald, CSc.Subject version guarantorprof. Ing. Jaromír Gottvald, CSc.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageEnglish
Year of introduction2019/2020Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
GOT40 prof. Ing. Jaromír Gottvald, CSc.
PYT005 doc. Ing. Mariola Pytliková, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

Learning outcomes of the course unit The aim of the course is to deepen the knowledge of the issue of unemployment, factors that affect equilibrium unemployment and show why it is changing. The course tries to explain the relationship of unemployment to other important economic phenomena such as minimum wage, real wage, equilibrium in the economy, labor market flexibility, institutional environment and employment policy.

Teaching methods

Individual consultations


Compulsory literature:

CAHUC Pierre, Stéphane CARCILLO and André ZYLBERBERG. Labour Economics. 2nd Edition. Cambridge, MA, MIT Press, 2014. ISBN 978-0-26-202770-0. LAYARD Richard, Stephen NICKELL and Richard JACKMAN. Unemployment. 2nd Edition. Oxford University Press, 2009. ISBN 978-0-19-927917-3. ZIMMERMANN Klaus F., Thomas BAUER. The Economis of Migration. Volume I – IV. Cheltenham: Edward Elgar, 2002. ISBN 1-85898-756-3.

Recommended literature:

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxBORJAS, George J. Labor Economics. 7th Edition. McGraw-Hill Education, 2016. ISBN 978-1-259-25236-5. EHRENBERG, Ronald and Robert SMITH. Modern Labor Economics. 12th Edition. Theory and Public Policy. London: Routledge, 2015. ISBN 978-0-13-346278-4. FLEK Vladislav. Anatomy of the Czech Labour Market. Prague: The Karolinum Press, 2007. ISBN 978-80-246-1316-1

Way of continuous check of knowledge in the course of semester


Other requirements

There are not any other requirements.


Subject has no prerequisities.


Subject has no co-requisities.

Subject syllabus:

1. Theory of unemployment. Neoclassical theory of unemployment. The concept of involuntary unemployment. Phillips curve. Monetarism and unemployment, natural unemployment rate. Rational expectations hypothesis and labor market. Supply side economics: incentives to work. Austrian economics. New Keynesian Macroeconomics. 2. Theory of human capital. Economic way of looking at behavior - human capital. Signaling theory. Educational Society and Labor Market. Education and wage differences, return on education. 3. Competitive market equilibrium and wage differences, Hedonistic wage theory. Wage Determinants. Factors Influencing Cash Reward. Multifactor model of earnings determination. 4. Theory of migration and labor market. Migration Determinants; the efficiency and integration of foreigners; economic impacts of migration, labor market mobility. 5. Flexibility of labor market and its balance. Supply-side flexibility. Demand flexibility. 6. Theory of job search and employability in the labor market. Employability concept. Job Search Models. Ways of finding a job. Length of unemployment, flows on the labor market, determinants of unemployment.

Conditions for subject completion

Part-time form (validity from: 2019/2020 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

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2020/2021 (P0311D050004) Economics K English Ostrava Choice-compulsory type B study plan
2020/2021 (P0311D050004) Economics P English Ostrava Choice-compulsory type B study plan
2019/2020 (P0311D050004) Economics P English Ostrava Choice-compulsory type B study plan
2019/2020 (P0311D050004) Economics K English Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner