ECON4715 – Labour Economics
Schedule, syllabus and examination date
This course is equivalent with ECON3715 – Labour Economics
The course will present important theories and methods for analyzing labor markets and for understanding labor market research. The course emphasizes relationships between macro phenomena such as unemployment and agents’ behavior in the labor market, focusing on informational problems arising in labor market interactions as well as on the role of unions and employers associations.
The course will also present the empirical tools used to disentangle causality from correlation in numerous labor market studies. These tools are then used, together with the major theories presented, to examine different topics of interest for policymakers. The following topics will be discussed: labor supply, labor demand, unions, collective bargaining, wage inequality, human capital, compensating differentials, Roy selection, incentive pay, discrimination, migration, unemployment and intergenerational mobility.
You should know
- basic mechanisms of the labour market, in particular how unemployment and wage and productivity differences can arise as equilibrium phenomena
- the building blocks for studying the relationship between the micro and the macro sides of the economy
- key elements of empirical work that aim at evaluating and quantify the mechanisms of the models
You should be able to
- use analytical models of behaviour and interactions in the labour market as tools to analyse the mechanisms that determine outcomes in the labour market, the performance of labour markets
- analyse policy questions related to labour markets
- be able to read and understand project reports and journal articles that make use of the concepts and methods that are introduced in the course
- be able to make use of the course content in your own academic work, for example in analyses that are part of the master’s thesis
Students admitted to study programmes at UiO must each semester register which courses and exams they wish to sign up for in Studentweb.
Students not admitted to the Master’s programme in Economics or the Master’s programme in Economic Theory and Econometrics (Samfunnsøkonomisk analyse), can apply for admission to one of our study programmes, or apply for guest student status.
Formal prerequisite knowledge
- 10 credits overlap with ECON3715 – Labour Economics
- 10 credits overlap with ECON510 Arbeidsmarkedsøkonomi
- 10 credits overlap with SØK510 Arbeidsmarkedsøkonomi, 3. avd. samfunnsøkonomi
- 10 credits overlap with SOØ510 Arbeidsmarkedsøkonomi, 3. avd. sosialøkonomi
Lectures and seminars.
Compulsory tuition activities:
- A compulsory term paper.
- A compulsory oral presentation.
If the compulsory term paper is not approved, you may be given a second attempt to hand in a new term paper/improve the term paper within a short deadline.
When the compulsory tuition activities are approved, the result will be registered. The compulsory tuition activities will be valid for 8 consecutive semesters.
Candidates who have passed the course before autumn 2016 and wish to re-take the exam need to get the compulsory tuition activities approved before they can re-take the exam.
Absence from compulsory tuition activities
If you are ill or have another valid reason for being absent from compulsory tuition activities, your absence may be approved or the compulsory activity may be postponed.
Ordinarily, this course has a 3-hour written school exam.
For 2020 the following applies for the exam in ECON4715:
The examination will be a 5-hour home examination in Inspera. The home exam will be an open-book exam, where all written and printed resources as well as technical support is allowed. All submitted papers will be checked for plagiarism. You can find the date and time for the exam on the semester page.
You must have passed the mandatory activities in order to sit for the exam.
The written examination is conducted in the digital examination system Inspera. You will need to familiarize yourself with the digital examination arrangements in Inspera.
Examination support material
Students may use dictionaries at this exam. Dictionaries must be handed in before the examination. Please read regulations for dictionaries permitted at the examination.
Language of examination
The examination text is given in English.You may submit your response in Norwegian, Swedish, Danish or English.
Grades are awarded on a scale from A to F, where A is the best grade and F is a fail. Read more about the grading system.
Explanations and appeals
Resit an examination
If you are sick or have another valid reason for not attending the regular exam, we offer a postponed exam later in the same semester.
See also our information about resitting an exam.
Withdrawal from an examination
It is possible to take the exam up to 3 times. If you withdraw from the exam after the deadline or during the exam, this will be counted as an examination attempt.
Special examination arrangements
Application form, deadline and requirements for special examination arrangements.
The course is subject to continuous evaluation. At regular intervals we also ask students to participate in a more comprehensive evaluation.