Universidad Carlos III de Madrid
Area of Study
Business Administration, Economics, International Business, International Economics
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
OverviewCOMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS.The aim of the course is to apply the tools of economic analysis to the labour market. Once students understand the basic principles governing the world of work, they should be able to identify problems and discern possible solutions. It is stressed that economic models are critical to find and analyze the appropriate data. Moreover, it is shown how empirical results should inform sound public policy.DESCRIPTION OF CONTENTS: PROGRAMMEPart I. Introduction1. Basic Concepts and Overview: Economic Activity and the Labor Market. How Does the Labor Market Work?What is Special about the Labour Market?Part II. The Labor Supply2. The Labor Supply in the Short Run: The Theory of Individual Labor Supply3. The Labour Supply in the Long Run (I): Population, Participation Rates, and Hours of Work4. The Labour Supply in the Long Run (II): The Qualification of the Workforce and Investment in Human CapitalPart III. The Labour Demand5. The Labour Demand of the Firm and the Labor Demand in the Market. The Demand for Labour in the Short andin the Long Run. ApplicationsPart IV. Wage Determination and the Allocation of Labor6. Wage Determination in Competitive and non Competitive Markets7. Alternative Pay Schemes and Labour Efficiency. The Wage Structure. The Influence of Trade Unions on WagesPart V. Discrimination and Mobility8. Discrimination in the Labour Market9. Determinants and Consequences of MigrationPart VI. Unemployment10. Overview of the Study of Unemployment: The Case of Spain11. The Macroeconomic Approach to Unemployment12. The Microeconomic Approach to Unemployment: Job Search and Unemployment DurationLEARNING ACTIVITIES AND METHODOLOGYThe structure of study of each topic will be common:- Lectures. Each topic will be introduced from an empirical point of view. This part will be completed with thetheoretical study of the issues with a focus on micro and / or macroeconomic applications to labor economics.- Recitations, to solve exercises and problems.The students should also write an essay about one of the topics covered during the course. This activity will becompleted with computer practice sessions, where they try to replicate the results of some of the most relevantresearch papers related to the topics of study. The student should present to the class atPágina 1 de 2the end of the course the essay. The main objective of the presentation is to demonstrate its ability to link theeconomic problems and the techniques used in the test with their classroom learning.ASSESSMENT SYSTEMFinal exam (60%) + Practice (10%) + Presentation class (10%) + test (20%).% end-of-term-examination: 60% of continuous assessment (assigments, laboratory, practicals?): 40BASIC BIBLIOGRAPHY- C. R. C. McConnell, S. L. Brue and D. A. Macpherson. Contemporary Labor Economics, , McGraw-Hill, , 9th
Please note that there are no beginning level Spanish courses offered in this program.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.