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Course Syllabus

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					                                    HE 211
             Labour Economics and Labour Relations



                          Course Syllabus


COURSE DESCRIPTION AND SCOPE


This course seeks to explain the inner workings of the labor market. The main part
of the course focuses on the economics of the labor market. It covers the
determination of labor market demand and supply, wage determination, wage
differentials, human capital investment, migration and discrimination, as well as
unemployment and labor policies. The course also aims to explain why workers
join unions, trade union behavior, wage determination under the union, and the
economic impact of unions.
PROPOSED LECTURE SCHEDULE

Week   Topics                                         Readings
No.

1      1   INTRODUCTION AND LABOR                     GB, chs 1,2
           SUPPLY
                                                      MBM, chs
           1.1 Why study labor economics              1, 2
           1.2 Participants in the labor market
           1.3 Labor market definitions
           1.4 Labor-leisure choice and the labor
               supply curve

2      2   LABOR SUPPLY                               GB, ch 3
           2.1 Labor supply over the life cycle       MBM, ch 3
           2.2 Labor supply over the business cycle
           2.3 Labor policy and work incentives

3      3   LABOR DEMAND                               GB, ch 4
           3.1 Labor demand                           MBM, ch 5
           3.2 Elasticity of labor demand
           3.3 Marshall’s rules of derived demand

4,5    4   DETERMINATION OF WAGES AND                 GB, chs 5,
           EMPLOYMENT                                 6
           4.1 Wage determination in a competitive    MBM, chs
               labour market                          6, 8
           4.2 Wage determination in non-
               competitive labour markets
           4.3 Compensating wage differentials
6       5   HUMAN CAPITAL INVESTMENT                   GB, ch 7
            5.1 Returns to education                   MBM, ch 4
            5.2 On-the-job training
            5.3 Theories of human capital investment

7,9     6   WAGES, MIGRATION AND                       GB, chs
            DISCRIMINATION                             9,10
            6.1 Labour migration                       MBM, chs
                                                       9, 14
            6.2 Labour market discrimination

8           RECESS


10,11   7   ECONOMIC ASPECTS OF UNIONS                 CSR 1
            7.1 A model of union membership            GB, ch 11
            7.2 Monopoly unionism                      MBM, chs
                                                       10,11
            7.3 The union and labour demand
            7.4 Union effects on wages and
                employment

12      8   PAY AND EFFICIENCY                         GB, ch 12
            8.1 Incentive pay                          MBM, ch 7
            8.2 Efficiency wages

13      9   UNEMPLOYMENT, INFLATION AND                GB, ch 13
            LABOUR MARKET POLICY
                                                       MBM, chs
            9.1 Sources of unemployment                17,18
            9.2 Impact of unemployment
            9.3 Public policies and programmes
            9.4 The inflation-unemployment trade-off
BASIC TEXT
GB      :   Borjas, George J (2008) Labor Economics, fourth edition. New York:
            McGraw-Hill.
SUPPLEMENTARY READINGS
MBM :       McConnell, Brue & Macpherson (2006) Contemporary Labor
            Economics, seventh edition. New York: McGraw-Hill.
C       :   Chew Soon Beng (1991) Trade Unionism In Singapore, McGraw-Hill.
ES      :   Ehrenberg, RG and Smith RS (2003) Modern Labor Economics,
            Boston: Addison Wesley.
CSR 1 :     Chew Soon Beng and Chew Seow Lung, Rosalind (2001) “A Cost and
            Benefits Model of Trade Union Behaviour and Membership,”
            International Employment Relations Review, 7 (1): 1-8.
Other journal references will be indicated when required.


METHOD OF INSTRUCTION
Lectures    :      2 hours per week
Tutorials   :      1 hour per week


COURSE ASSESSMENT
2 Quizzes           :                 20%
Class participation :                 10%
Final Examination :                   70%
Total               :                 100%


Course Coordinator                              Room No.          Extension
Associate Professor Rosalind Chew       S3-1C-106     4762
Lecturing/Tutoring Staff                Room No.    Extension
Associate Professor Rosalind Chew       S3-1C-106     4762
Associate Professor Chris Sakellariou   S3-B2B-64     4809

				
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