ECC3710 Labour economics
Faculty of Business and Economics
ECC3710 Labour economics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 at Clayton. It needs ECB2731, ECC2000, ECF2731 or ECW2731.
- Credit points
- 6
- Offered in 2021
- Semester 1
- Clayton
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before ECC3710
Prerequisites
Pass these before you enrol.
After ECC3710
No unit lists ECC3710 as a prerequisite in the 2021 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit provides you with the theoretical and empirical knowledge to analyse the functioning of labour markets with a focus on policy-related issues. The first part of the unit introduces you to the concept of labour market equilibrium. It does so through the study of the neo-classical model of labour supply and labour demand decisions, including a discussion of how well these theories explain observed patterns in the data. The second part of the unit further develops these models to examine a number of key topics in labour economics and to evaluate the effects of labour market policies. These topics include, but are not limited to: non-competitive labour markets, the relationship between wages and undesirable job characteristics, the labour market effects of educational and training investments, as well as contemporary issues such as labour mobility, discrimination and income inequality.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
build a conceptual framework that allows students to analyse the incentives and behaviour that determine the labour demand and labour supply decisions, and how these generate an equilibrium in the labour market
- 2
develop the theoretical and empirical tools to understand the labour market effects of a range of policies and economic changes. Example of such policies or economic changes include, but are not limited to: minimum wage laws, technological changes, welfare programs, educational and on-the-job training programs, affirmative actions
- 3
develop the skills to critically examine contemporary issues such as labour mobility, labour market discrimination and income inequality.
Workload and teaching
- Lectures24 hours
- Tutorials12 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Technology resources
You will be asked to access Stata on MoVE (Monash Virtual Environment).
Where it fits
ECC3710 is part of 2 areas of study in the 2021 handbook.
Contacts
- Chief Examiners
- Dr Claudio Labanca
Common questions
What are the prerequisites for ECC3710?
You need ECB2731, ECC2000, ECF2731 or ECW2731 before you enrol. Enrolment rules also apply.
When is ECC3710 offered?
In 2021, ECC3710 runs in Semester 1 at Clayton.
How much work is ECC3710?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECC3710 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECC3710?
ECC3710 is part of Economic analysis and Economics.