EVSBALME Labour Market and Employment Policy

School of Business Administration in Karvina
Summer 2017
Extent and Intensity
2/1/0. 4 credit(s). Type of Completion: zk (examination).
Teacher(s)
prof. Mgr. Ing. Michal Tvrdoň, Ph.D. (lecturer)
prof. Mgr. Ing. Michal Tvrdoň, Ph.D. (seminar tutor)
Guaranteed by
prof. Mgr. Ing. Michal Tvrdoň, Ph.D.
Departament of Economics and Public Administration – School of Business Administration in Karvina
Contact Person: Dr. Ing. Ingrid Majerová
Prerequisites
No conditions must be fulfilled and the subject can be registered indepedently.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The aim of the course is to provide knowledge about the labour market functioning from the theoretical view and real practice as well. The course apprises of the main aspects of the labour market as a one of the production factors markets. It brings out the issues of the labour supply and demand, wage differences, labour unions and state interventions in the labour market. Great deal of a course focuses on the unemployment, which is important microeconomic and macroeconomic problem. The course also follows labour market policy in the Czech Republic and EU countries.
Syllabus
  • 1. Labour market in the perfect competition
    Microeconomic context of labour market- company's labour demand and its curve derivation, factors which influence labour demand, labour supply- its explanation and derivation, substitution effect and income effect of labour supply, equilibrium and disequilibrium in labour market
    2. Human capital investments
    Concept of human capital. Factors which influence individuals decision making about further education- education costs and benefits. Fundamentals of theory of investments into human capital, the elementary model of investments into education. Human capital investments and the company.
    3. Wage differences in the labour market
    Explanation of the wage differences existence in the labour market- compensatory wage differences, labour force uniqueness in the labour market, differences due to different qualification, the theory of the non-competing groups, dual labour market theory.
    4. Discrimination in the labour market
    Definition of discrimination in the labour market, shows and causes of discrimination. Possibilities of fighting against discrimination, the effectiveness of antidiscrimination measures.
    5. Monopsony and labour unions
    Monopsony in the labour market- definition and derivation of its behavior, the monopsony profit and community loss from the insufficient source allocation. The role and goals of labour unions, labour unions strategy of increasing wages. Bilateral monopoly in the labour market.
    6. Wage creation in market economies
    Explanation of mechanisms, which form wages in the companies. Effective wages theory explanation. The essence and goal of wage floors in the economies.
    7. Unemployment
    Macroeconomic context of the labour market- factors which influence unemployment in the labour market, definition of unemployed people, measuring unemployment, types of unemployment, causes of unemployment and its solving in economic theories, the natural rate of unemployment.

    8. Unemployment as a social problem
    Unemployment effects on individual, factors which determine people's reactions on unemployment. Dynamics of passing unemployment. Life strategies of unemployed in time horizon.
    9. Labour market policy
    Labour market policy- definition, actors, goals and measures of labour market policy. Passive and active labour market policy, basic characteristic of labour market programs. Evaluation of effectiveness of labour market policy programs. Labour market policy within the European Union- labour market in EU, pillars of labour market policy in EU, labour market policy directions, national action employment plans of EU countries.
    10. Labour market development in the Czech Republic
    Labour market by the year 1997. Labour market between 1997 and1998. Factors, which influence the situation in the labour market. Wage development and differentiation. The current situation in the labour market in the Czech Republic.
    11. Labour market policy in the Czech Republic
    Objects and subject of Czech labour market policy. Right to employment and labour market policy implementation in CR. National action plans of employment. Passive and active labour market programs in the Czech Republic.
    12. The system of employment services in the Czech Republic
    Institutional provision of employment services. Employment intervention in the Czech Republic- public and private job agencies.

    13. International personal turnover
    Explanation of international labour migration, theoretical causes of labour migration. Classification of migration, identification of main migration territories.
Literature
    required literature
  • BECKER, G. S. The Economic Approach to Human Behavior. Chicago, London: University of Chicago Press, 1996. ISBN 0226041123. info
Teaching methods
Skills demonstration
Seminar classes
Assessment methods (in Czech)
Kombinovaná zkouška
Language of instruction
English
Further comments (probably available only in Czech)
The course can also be completed outside the examination period.
Teacher's information
The precondition for achievement of credit shall be the compulsory attendance to seminars within the scope of 70% and succesful completion of the current test and seminary work during lectures.
The course is also listed under the following terms Winter 2014, Summer 2015, Winter 2015, Summer 2016.
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