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Labour Market Theory

Type of study Doctoral
Language of instruction English
Code 114-9514/01
Abbreviation LMT
Course title Labour Market Theory
Credits 10
Coordinating department Department of Economics
Course coordinator prof. Ing. Jaromír Gottvald, CSc.

Subject syllabus

1. What drives the unemployment equilibrium?
• Inflation and wage pressures
• Equilibrium and disequilibrium unemployment
• Unemployment and inflation variations, NAIRU.
2. Causes of the unemployment variations, demand and supply shocks
• Aggregate economic shocks
• Structural shocks
• Hysteresis
3. Trade unions and wage collective bargaining
• Situation and approaches in the Czech Republic
4. Relation between real wages and unemployment
• If the labour market is not clearing, why are wages rigid?
• Effective wages
5. The impact of prices, taxes and productivity on the unemplyment
• Long-term and short-term aspect
• Subject to the effective wages
• Subject to the wage bargaining
6. The impact of people behaviour while looking for the job on the unemployment
• Beveridge curve
• Is unemployment voluntary or involuntary
• Theory of dual labour market, labour market segmentation
7. Why do some groups of people face the higher risk of unemployment?
• Analysis of the causes of uneployment differencies among countries
8. Why do some groups of people face the higher risk of unemployment?
• Adapting mechanisms in the labour market
• Possibility of the uneployment decrease, principles and approaches
9. Migration and mobility of labour force
• Theoretical approaches and trends
• Situation in Europe and in the Czech Republic
10.Minimum wage, wage determinants in the labour market
• Approaches
• Functions
• Method of determination
• Relation to the subsistence (existence) level
11.Factors of labour market development in the Czech Republic
• Factors on the supply side
• Factors on the demand side
• Microeconomic factors
12.Process of solving the supply and demand mismatch in the labour market and status of employment policy in this process.
• Approaches to labour market interventions
• Active employment policy programmes
• Passive employment policy programmes
• Employment policy convention
13.National employment plan
• Action employment plans in the respective years
• Employment policy instruments from the view of the particular topics
• Comparison with European Guidelines
14.Anticipated development in the Czech labour market and possibilities of employment policy
• Main contemporary development tendencies of the Czech labour market
• Estimation of future development in the labour market
• Possibilities of contemporary employment policy
• Employment policy programmes in preparation

Literature

Borjas, G. J.: Labor Economics. New York. The McGraw-Hill Companies 1996.
Ehrenberg, R. G. - Smith, R. S.: Modern Labour Economics. New York. Harper
Collins College Publisher, nc. 1994.
Filer, R. K. - Hamermesh, D. S. - Rees, A. E.: The Economics of Work and Pay.
Sixth Edition. Harper Collins Publishers 1996.
Layard, R. - Mickell, S. - Jackman, R.: Unemployment. Oxford University Press
1991

Advised literature

Borjas, G. J.: Labor Economics. New York. The McGraw-Hill Companies 1996.
Ehrenberg, R. G. - Smith, R. S.: Modern Labour Economics. New York. Harper
Collins College Publisher, nc. 1994.
Filer, R. K. - Hamermesh, D. S. - Rees, A. E.: The Economics of Work and Pay.
Sixth Edition. Harper Collins Publishers 1996.
Layard, R. - Mickell, S. - Jackman, R.: Unemployment. Oxford University Press
1991