SØK3522 - Labour Economics


Examination arrangement

Examination arrangement: Home examination
Grade: Letters

Evaluation form Weighting Duration Examination aids Grade deviation
Home examination 100/100 6 hours

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

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.

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. Compulsory activity: Approved term paper(s)/ exercise(s). 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 Students enrolled in ISØ's master programs can take the course any semester.

Compulsory assignments

  • Approved term paper(s)/exercise(s)

Specific conditions

Exam registration requires that class registration is approved in the same semester. Compulsory activities from previous semester may be approved by the department.

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

Required previous knowledge


Course materials

Announced at the beginning of the term.

Credit reductions

Course code Reduction From To
SØK3503 15.0 01.09.2007
SØK8622 10.0 01.09.2010
More on the course



Version: 1
Credits:  15.0 SP
Study level: Second degree level


Term no.: 1
Teaching semester:  AUTUMN 2020

No.of lecture hours: 4

Language of instruction: Norwegian

Location: Trondheim

Subject area(s)
  • Economics
  • Social Sciences
Contact information
Course coordinator:

Department with academic responsibility
Department of Economics



Examination arrangement: Home examination

Term Status code Evaluation form Weighting Examination aids Date Time Digital exam Room *
Autumn ORD Home examination 100/100

Release 2020-12-15

Submission 2020-12-15

Release 09:00

Submission 15:00

Room Building Number of candidates
Spring ORD Home examination 100/100

Release 2021-06-02

Submission 2021-06-02

Release 09:00

Submission 15:00

Room Building Number of candidates
  • * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.

For more information regarding registration for examination and examination procedures, see "Innsida - Exams"

More on examinations at NTNU