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Module Title
Labour Market Economics
Reference BS4256 Version 3
Created February 2017 SCQF Level SCQF 10
Approved June 2013 SCQF Points 15
Amended May 2017 ECTS Points 7.5

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.

Module Delivery
Lectures, seminars, groupwork and directed independent learning.

Indicative Student Workload Full Time Part Time
Contact Hours 41 41
Non-Contact Hours 109 109
Placement/Work-Based Learning Experience [Notional] Hours N/A N/A
TOTAL 150 150
Actual Placement hours for professional, statutory or regulatory body    

If a major/minor model is used and box is ticked, % weightings below are indicative only.
Component 1
Type: Coursework Weighting: 50% Outcomes Assessed: 1, 2, 3
Description: One coursework assignment.
Component 2
Type: Examination Weighting: 50% Outcomes Assessed: 1, 2, 3, 4, 5
Description: One end-of-module closed-book examination which will incorporate theoretical and practice-oriented problem-solving.

Explanatory Text
The Module is assessed by two components: C1 - Coursework - 50% weighting. C2 - Examination - 50% weighting. Module Pass Mark = Grade D (40%)
Module Grade Minimum Requirements to achieve Module Grade:
A At least 70% on weighted aggregate and at least 35% in each component
B At least 60% on weighted aggregate and at least 35% in each component
C At least 50% on weighted aggregate and at least 35% in each component
D At least 40% on weighted aggregate and at least 35% in each component
E At least 35% on weighted aggregate
F Less than 35% on weighted aggregate
NS Non-submission of work by published deadline or non-attendance for examination

Module Requirements
Prerequisites for Module Introductory Economics (BS1109) and Business Economics (BS2211) in addition to SCQF10 entry requirements or equivalent.
Corequisites for module None.
Precluded Modules None.

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