Published Aug 29, 2022
A study of the supply of labour by individuals (and unions) and the demand for labour by firms. Topics include the labour market effects of social assistance, unemployment insurance and minimum wages, discrimination in the labour market, efficient wage contracts, the determinants of wage inflation and unemployment.
Prereq: ECON 101 or ECON 100/COMM 103; ECON 102; Level at least 3A
Labour economics studies the behaviour of individuals and firms and the various outcomes of their interactions within markets. We will analyze individual-level, firm-level and market-level factors affecting employment and unemployment. We will also study the role of international forces and country-specific institutional rules governing labour decisions on the part of individuals and firms.
Understand the operation of labour markets. |
Apply the appropriate economic models and tools to evaluate, explain and discuss public policy issues related to labour markets. |
Topics and reference to BGLR* textbook chapters:
Foundations | |
Labour Supply |
Chapters 2-4 |
Labour Demand |
Chapters 5-6 |
Competitive Equilibrium |
Chapter 7-8 |
Wage Determinants | |
Human Capital |
Chapter 9 |
The Wage Structure |
Chapter 10 |
Labour Mobility |
Chapter 11 |
Market Issues | |
Discrimination, Unions, Unemployment | Chapter 12, 14-16, 17-18 |
*BGLR is Benjamin, D., M. Gunderson, T. Lemieux, and W.C. Riddell, “Labour Market Economics”, Toronto: McGraw-Hill Ryerson, 2012. More recent versions of the textbook are available.
Title / Name | Notes / Comments | Required |
---|---|---|
Class announcements, notes and any required readings will be posted on LEARN. | Yes |
The BGLR textbook is recommended but not required.
Component | Value |
---|---|
Midterm test | 30% |
Assignment 1 | 15% |
Assignment 2 | 15% |
Final Exam | 40% |
Course requirements
Term Test
A midterm test will take place on Thursday November 3rd and will be held in the classroom during class time.
Assignments
The two assignments will consist in exercises related to the chapters covered in class. Some questions will involve manipulating data to calculate labour force key indicators. Some questions will involve discussing media coverage of current labour market trends and events. Submission dates will be confirmed on LEARN.
Final Exam
A final exam will take place during the final exam period.
No assignment screening will be used in this course.
Students who would like their test or assignments regraded need to ask the instructor immediately after the test or assignment has been given back. The regrading will apply to the entire test and may not automatically result in a higher grade than before.
You are expected to complete assignments on time. Late assignments are subject to a point penalty (15% per day late). Assignments submitted after I presented the correction in class will not be accepted and will receive a grade of 0.
If a student becomes ill due to covid, the student needs to inform the instructor. The student is encouraged to use the virtual office hours for any questions on the posted material during the period of self-isolation.
There is no make-up for the midterm test. A student who has been ill and misses the midterm test needs to provide appropriate medical documentation (including if it applies, a self-declaration of symptoms for covid related absence) to the instructor within 48 hours of the missed test. In this case, the weight of the midterm will be shifted onto the final exam’s weight.
For a missed final exam, refer to the departmental deferred examination policy or next policy below.
All deferred Final Exam requests for economics courses are administered by the Economics Undergraduate Office. Please consult the Deferred Exam Policy at https://uwaterloo.ca/economics/undergraduate/resources-and-policies/deferred-final-exam-policy.
Students should be aware that this course contains the intellectual property of their instructor, TA, and/or the University of Waterloo.
Intellectual property includes items such as:
Course materials and the intellectual property contained therein, are used to enhance a student’s educational experience. However, sharing this intellectual property without the intellectual property owner’s permission is a violation of intellectual property rights. For this reason, it is necessary to ask the instructor, TA and/or the University of Waterloo for permission before uploading and sharing the intellectual property of others online (e.g., to an online repository).
Permission from an instructor, TA or the University is also necessary before sharing the intellectual property of others from completed courses with students taking the same/similar courses in subsequent terms/years. In many cases, instructors might be happy to allow distribution of certain materials. However, doing so without expressed permission is considered a violation of intellectual property rights.
Please alert the instructor if you become aware of intellectual property belonging to others (past or present) circulating, either through the student body or online. The intellectual property rights owner deserves to know (and may have already given their consent).
Do you want professors and interviewers to call you by a different first name? Take a minute now to verify or tell us your chosen/preferred first name by logging into WatIAM.
Why? Starting in winter 2020, your chosen/preferred first name listed in WatIAM will be used broadly across campus (e.g., LEARN, Quest, WaterlooWorks, WatCard, etc). Note: Your legal first name will always be used on certain official documents. For more details, visit Updating Personal Information.
Important notes
All of us need a support system. The faculty and staff in Arts encourage students to seek out mental health support if they are needed.
On Campus
Due to COVID-19 and campus closures, services are available only online or by phone.
Off campus, 24/7
Full details can be found online on the Faculty of Arts website
Download UWaterloo and regional mental health resources (PDF)
Download the WatSafe app to your phone to quickly access mental health support information.
We acknowledge that we are living and working on the traditional territory of the Attawandaron (also known as Neutral), Anishinaabe and Haudenosaunee peoples. The University of Waterloo is situated on the Haldimand Tract, the land promised to the Six Nations that includes ten kilometres on each side of the Grand River.
For more information about the purpose of territorial acknowledgements, please see the CAUT Guide to Acknowledging Traditional Territory.
Policy 33, Ethical Behaviour states, as one of its general principles (Section 1), “The University supports academic freedom for all members of the University community. Academic freedom carries with it the duty to use that freedom in a manner consistent with the scholarly obligation to base teaching and research on an honest and ethical quest for knowledge. In the context of this policy, 'academic freedom' refers to academic activities, including teaching and scholarship, as is articulated in the principles set out in the Memorandum of Agreement between the FAUW and the University of Waterloo, 1998 (Article 6). The academic environment which fosters free debate may from time to time include the presentation or discussion of unpopular opinions or controversial material. Such material shall be dealt with as openly, respectfully and sensitively as possible.” This definition is repeated in Policies 70 and 71, and in the Memorandum of Agreement, Section 6
Please note that a cross-listed course will count in all respective averages no matter under which subject code it has been taken. For example, a PHIL/PSCI cross-list will count in a Philosophy major average, even if the course was taken under the Political Science subject code.
Academic integrity: In order to maintain a culture of academic integrity, members of the University of Waterloo community are expected to promote honesty, trust, fairness, respect and responsibility. [Check the Office of Academic Integrity for more information.]
Grievance: A student who believes that a decision affecting some aspect of their university life has been unfair or unreasonable may have grounds for initiating a grievance. Read Policy 70, Student Petitions and Grievances, Section 4. When in doubt, please be certain to contact the department’s administrative assistant who will provide further assistance.
Discipline: A student is expected to know what constitutes academic integrity to avoid committing an academic offence, and to take responsibility for their actions. [Check the Office of Academic Integrity for more information.] A student who is unsure whether an action constitutes an offence, or who needs help in learning how to avoid offences (e.g., plagiarism, cheating) or about “rules” for group work/collaboration should seek guidance from the course instructor, academic advisor, or the undergraduate associate dean. For information on categories of offences and types of penalties, students should refer to Policy 71, Student Discipline. For typical penalties, check Guidelines for the Assessment of Penalties.
Appeals: A decision made or penalty imposed under Policy 70, Student Petitions and Grievances (other than a petition) or Policy 71, Student Discipline may be appealed if there is a ground. A student who believes they have a ground for an appeal should refer to Policy 72, Student Appeals.
Note for students with disabilities: AccessAbility Services, located in Needles Hall, Room 1401, collaborates with all academic departments to arrange appropriate accommodations for students with disabilities without compromising the academic integrity of the curriculum. If you require academic accommodations to lessen the impact of your disability, please register with AccessAbility Services at the beginning of each academic term.
Turnitin.com: Text matching software (Turnitin®) may be used to screen assignments in this course. Turnitin® is used to verify that all materials and sources in assignments are documented. Students' submissions are stored on a U.S. server, therefore students must be given an alternative (e.g., scaffolded assignment or annotated bibliography), if they are concerned about their privacy and/or security. Students will be given due notice, in the first week of the term and/or at the time assignment details are provided, about arrangements and alternatives for the use of Turnitin in this course.
It is the responsibility of the student to notify the instructor if they, in the first week of term or at the time assignment details are provided, wish to submit alternate assignment.