EC423
Labour Economics
This information is for the 2022/23 session.
Teacher responsible
Dr Guy Michaels
Dr Rui Costa
Availability
This course is available on the MSc in Econometrics and Mathematical Economics, MSc in Economics and MSc in Economics (2 Year Programme). This course is available with permission as an outside option to students on other programmes where regulations permit.
Pre-requisites
Students must have completed Introductory Course in Mathematics and Statistics (EC400).
In exceptional circumstances, students may take this course without EC400 provided they meet the necessary requirements and have received approval from the course conveners, the MSc Economics Programme Director and their own Programme Director. Contact the Department of Economics for more information (econ.msc@lse.ac.uk) regarding entry to this course.
Course content
An advanced course in labour economics issues, including theory, evidence and policy. The aim of the course is to familiarise students with main theoretical and empirical issues in current labour economics, and to provide them with the tools for developing independent research interests. The course has a strong applied focus. For each major topic covered we will discuss theoretical implications, provide insights into the research methodology, discuss the advantages and limitations of existing empirical work, and where possible draw policy conclusions. The course will include hands-on experience in applying econometric tools, working with data, and thinking critically about results and their interpretation. Topics include: labour supply and welfare systems, human capital, immigration, inequality and technological change, unemployment and alternative work arrangements, gender and racial gaps, minimum wages, intergenerational mobility, labour market impacts of international trade and globalization and economics of crime.
Teaching
20 hours of lectures and 10 hours of seminars in the MT. 20 hours of lectures and 9 hours of seminars in the LT. 1 hour of seminars in the ST.
There will be a reading week in Week 6 of LT only (no lectures or classes that week).
This course is delivered through a combination of classes and lectures totalling a minimum of 60 hours across Michaelmas Term, Lent Term and Summer Term.
Formative coursework
At least two marked assignments per term.
Indicative reading
Most of the reading is from journal articles. A detailed reading list is available on Moodle.
Assessment
Exam (50%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Essay (50%, 6000 words) in the ST.
Key facts
Department: Economics
Total students 2021/22: 15
Average class size 2021/22: 15
Controlled access 2021/22: Yes
Lecture capture used 2021/22: Yes (MT & LT)
Value: One Unit
Course selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
