Objectives of Programme's Learning Outcomes

• Actively master the fundamental concepts and models of economic sciences and management sciences
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Understand how organisations and markets work
• Understand the methods and tools adapted to the field of economics and management
• Acquire basic methodological tools necessary for scientific inquiry in the field of economics and management.
• Describe the principles of methodological approaches (objectives, methods, techniques and tools) to understand and explain the functioning of organisations and markets.
• Critically compare knowledge acquired to real situations.
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Develop and structure reasoning by basing it on suitable scientific arguments
• Actively master the fundamental concepts and models of economic sciences and management sciences
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Understand how organisations and markets work
• Understand the methods and tools adapted to the field of economics and management
• Acquire basic methodological tools necessary for scientific inquiry in the field of economics and management.
• Describe the principles of methodological approaches (objectives, methods, techniques and tools) to understand and explain the functioning of organisations and markets.
• Critically compare knowledge acquired to real situations.
• Identify and explain the concepts, principles and models of fundamental theoretical trends in economic sciences and management sciences and their applications.
• Develop and structure reasoning by basing it on suitable scientific arguments

Learning Outcomes of UE

At the end of the course and through a specific analysis of the labour market, the students will be able to analyse labour supply from either quantitative (participation) and qualitative (human capital) perspectives, labour demand and the role played by wages and other labour costs. The students will also be able to tackle numerous and simultaneous interrelations that appear between households and firms on this market, together with their effects in terms of wages and employment. From an individual point of view, the course will also allow them to apprehend decision processes in terms of education, training or migration.

Content of UE

- Labour supply : definition, participation; hours worked and effort; investment in human capital
- (Short run) labour demand, productivity and wages
-  (Long run) demand, substitution and scale effects, technology
- Supply and demand, wages and employment
- Adjustments on the labour market and wage cycles
- Search process
- Migration
- Vacancies and unemployment, structural and demand-related unemployment, unemployment dynamics

Prior Experience

Prior experience in microeconomic and macroeconomic analysis

Type of Assessment for UE in Q1

• Written examination

Q1 UE Assessment Comments

The written examination lasts 2 hours. 4 first multiple choice questions test the capabilities to understand and apply concepts, while two long questions evaluate the way concepts are understood and assimilated.

Type of Assessment for UE in Q3

• Written examination

Q3 UE Assessment Comments

The written examination lasts 2 hours. 4 first multiple choice questions test the capabilities to understand and apply concepts, while two long questions evaluate the way concepts are understood and assimilated.

Type of Resit Assessment for UE in Q1 (BAB1)

• N/A

Q1 UE Resit Assessment Comments (BAB1)

Not applicable