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Module Title
Labour Market Economics

Labour Supply and Demand; Equilibrium; Compensating Wages, Wages, Labour Mobility; The Theory of Search in Labour Markets, Trade Union impact, Discrimination, Unemployment and Human Capital

SCQF Points15
ECTS Points7.5
CreatedMay 2003
ApprovedJune 2013
AmendedAugust 2013
Version No.2

This Version is No Longer Current
The latest version of this module is available here
Prerequisites for Module

Introductory Economics (BS1109) and Business Economics (BS2211) in addition to SCQF10 entry requirements or equivalent.

Corequisite Modules


Precluded Modules


Aims of Module

To provide students with the ability to understand, evaluate and critically analyse developments in contemporary labour markets.

Learning Outcomes for Module

On completion of this module, students are expected to be able to:

1. Appreciate and evaluate the complexity and interdependence of modern labour markets.
2. Critically evaluate and apply a working knowledge of theories of unemployment.
3. Critically assess the interdependence of education, training, productivity and employment probabilities.
4. Analyse the effects of active labour market intervention.
5. Critically analyse wage formation and labour mobility.

Indicative Module Content

Labour market equilibrium and Human Capital Theory; theories of unemployment; the theory of search in labour markets; wage formation and labour mobility.

Indicative Student Workload

Contact Hours

Full Time

Directed Study



Private Study



Mode of Delivery

Lectures, seminars, groupwork and directed independent learning.

Assessment Plan

Learning Outcomes Assessed
Coursework 1,2,3,4,5
Examination 1,2,3

One end-of-module closed-book examination which will incorporate theoretical and practice-oriented problem-solving.

One coursework assignment

Indicative Bibliography

1.BORJAS, J., 2015. Labor economics.6th ed. McGraw-Hill Education Ltd.
2.CRAMP, P., 2014. Labour markets: The economics of work and leisure. 6th ed. Anforme Ltd.
3.LAYYARD, R., NICKELL, R. and JACKMAN, T., 1991. Unemployment: macroeconomic performance and the labour market. Oxford: Oxford University Press.
4.McCONNEL et al., 2016. Contemporary labor economics. 11th ed. New York: McGraw-Hill Education Ltd.

Robert Gordon University, Garthdee House, Aberdeen, AB10 7QB, Scotland, UK: a Scottish charity, registration No. SC013781