Skip to main content
Skip header
Terminated in academic year 2013/2014

Labour Market Economics B

Type of study Follow-up Master
Language of instruction Czech
Code 156-0325/02
Abbreviation ETP B
Course title Labour Market Economics B
Credits 3
Coordinating department Department of Applied 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
• Theories, approaches
• 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

LAYARD, Richard, Stephen NICKELL a Richard JACKMAN. Unemployment: Macroeconomic Performance and the Labour Market. 2. ed. New York: Oxford University Press, 2005. ISBN 0-19-927917-9.

Advised literature

EHRENBERG, Ronald G. a Robert S. SMITH. Modern Labour Economics: Theory and Public Policy. 10th ed. Boston: Pearson Addison-Wesley, 2009. ISBN 978-0-321-53896-3.
FILER, Randall K., Daniel S. HAMERMESH a Albert E. REES. The Economics of Work and Pay. 6th ed. New York: Harper Collins, 1996. ISBN 0-673-99474-0.