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 mid semester exam - 40%

3-3.5 hour final exam- 60%

or;

Two home assignments - 20%

A mandatory mid-semester examination - 30%

3-3.5 final examination - 50% 

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

Students are advised to have a basic preparation in statistics and econometrics. In particular, students are suggested to have some skills in regression analysis and general understanding on binary choice models as well as of the maximum likelihood estimation method at the level of the undergraduate statistics/econometrics class.

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

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

Please refer to Course Website