Labour Economics

University of the Western Cape

Course Description

  • Course Name

    Labour Economics

  • Host University

    University of the Western Cape

  • Location

    Cape Town, South Africa

  • Area of Study

    Economics, Management Science

  • Language Level

    Taught In English

  • Prerequisites

    60% in ECO133 or 60% in ECO134
    OR
    ECO121 (B.Econ 4yr)
    OR
    ECO142

  • Course Level Recommendations

    Upper

    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.

    Hours & Credits

  • Host University Units

    10
  • Recommended U.S. Semester Credits
    3
  • Recommended U.S. Quarter Units
    4.5
  • Overview

    Main Outcomes
    Upon completion of this module, a student should be able to:
    · Define and apply the basic concepts of labour economics (e.g. economically active
    population, labour force participation rate).
    · Apply the microeconomic tools to analyse labour market outcomes (levels of
    wages and employment).
    · Define important issues such as labour productivity and unit labour costs.
    · Discuss the impact of unions on wages, productivity and unit labour costs.
    · Analyse and interpret the unemployment situation in South Africa.

    Main Content
    · Labour demand and supply in competitive and non- competitive markets
    · Wages and productivity in South Africa
    · The economics of wages and collective bargaining
    · Unemployment in South Africa
    · Human Capital and the demand for skilled labour
    · Labour market inequalities and discrimination.

    Breakdown of Learning Time:
    Contact with lecturer / tutor: 42 hours
    Assignments & tasks: 20 hours, two lectures per week
    Tests & examinations: 7 hours
    Self-study: 31, 1 tutorial per week

    Practicals:
    Total learning time: 100

    Methods of Student Assessment
    Final Exam = 50%

Course Disclaimer

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.