course-details-portlet

SØK3522

Advanced Labour Economics

This course is no longer taught and is only available for examination.

Credits 15
Level Second degree level
Language of instruction Norwegian
Location Trondheim
Examination arrangement School exam

About

About the course

Course content

The course includes analyses of the functioning of the labour market in a modern society and how the adjustment in the labour market affects important economic factors. Within the course both the effects of different economic policy and optimal labour market policy are discussed. The course consists of both theoretical analyses and central results from empirical analyses regarding the important factors in the labour market.

Learning outcome

Knowledge

You learn

  • how wages are determined within different models for wage bargaining and models for efficiency wages.
  • how the equilibrium unemployment is determined in a closed and in an open economy and how this can be affected.
  • the importance of institutional arrangements and economic policy in determining wages and equilibrium unemployment.
  • how different kinds of shocks affect actual unemployment.

Skills

You should be able to

  • explain different theories of wage setting and unemployment determination.
  • explain the importance of institutional arrangements for wage setting and unemployment determination.
  • discuss, strictly scientific, why unemployment is permanently higher in some countries as compared with other countries.
  • conduct your own theoretical and empirical analyses of wage and employment determination.

General competence

You should be able to

  • read and understand reports and research articles dealing with issues discussed in the course
  • use the content of the course in your own academic work like your master thesis

Learning methods and activities

4 hours of lectures every week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term. The course is an optional master's course, and is not taught every autumn semester. Check www.ntnu.edu/econ. Students enrolled in ISØ's master programs can take the course any semester.

Compulsory assignments

  • Obligatory course work

Further on evaluation

Approved compulsory activity applies to later semesters.

Specific conditions

Admission to a programme of study is required:
Economics (MSØK)
Economics (MSØK/5)
Financial Economics (MFINØK)

Required previous knowledge

None.

Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From
SØK3503 15 sp Autumn 2007
SØK8622 10 sp Autumn 2010
SØK3533 7.5 sp Autumn 2025
This course has academic overlap with the courses in the table above. If you take overlapping courses, you will receive a credit reduction in the course where you have the lowest grade. If the grades are the same, the reduction will be applied to the course completed most recently.

Subject areas

  • Economics
  • Social Sciences

Contact information

Course coordinator

Department with academic responsibility

Department of Economics

Examination

Examination

Examination arrangement: School exam
Grade: Letter grades

Ordinary examination - Autumn 2025

School exam
Weighting 100/100 Examination aids Code C Date 2025-11-19 Time 09:00 Duration 5 hours Exam system Inspera Assessment
Place and room for school exam

The specified room can be changed and the final location will be ready no later than 3 days before the exam. You can find your room location on Studentweb.

Sluppenvegen 14
Room SL111 blå sone
4 candidates

Ordinary examination - Spring 2026

School exam
Weighting 100/100 Examination aids Code C Duration 5 hours Exam system Inspera Assessment Place and room Not specified yet.