The honours section provides a theoretical and empirical discussion of labour markets. Main topics to be discussed are: labour supply, including determinants of labour market participation and hours of works; investments in human capital and returns to education; labour demand; labour market equilibrium and wage determination; discrimination in the labour markets; internal labour markets; trade unions, and macroeconomic issues related to wages and unemployment. Policy application questions will be covered whenever appropriate.

In addiiton to the outcomes from taking the pass lectures and tutorials, honours students will:

• be introducted to basic theoretical models in the labour economics literature;
• be exposed to published articles in the academic literature;
• have the ability to formally analyse policy related issues in labour economics.

A mandatory but redemptive mid semester exam - 40%

2 hour final exam- 60%

An option redemptive essay (2000 words) can be arranged for students who are interested in which case assessment will be based on the following:

Essay OR Two Home Assignments- 20%

Mid Semester Examination - 30%

Final Examination - 60% 

Lectures and tutorials as for the pass course plus one additional honours class per week.

Students are expected to have solid preparation in microeconomics and calculus and an introductory course in statistics and regression analysis.

Completion of or concurrent enrolment in ECON2101/2111 Microeconomics 2 (P or H).

Incompatible with ECON 2009 Labour Economics & Industrial Relations (P)

Please refer to Course Website