Course content

The course covers the role of human capital in individual, economic, and broader societal outcomes. The course uses a mix of theory and empirical evidence on individual educational choices, educational production, and the role of the education system and education policy. As part of this, a focus is on the role of education in labour market outcomes. How globalization and technological progress affect the demand for, and importance of, human capital is additionally covered.

Learning outcome

Knowledge

You learn

• about supply and demand of human capital

• about the importance of human capital for earnings and economic growth

• about how educational policies affect school quality and the amount and quality of human capital in society

Skills

You should be able to

• criticize and evaluate the findings of relevant journal articles and public reports

• explain and evaluate different types of governing systems in education and labor market policies for skills and productivity

• discuss how governing systems influence the behavior of agents within education and skill formation

General competence

You should be able to

• read and understand research articles and public reports dealing with issues discussed in the course

• use the content of the course in your own academic work such as your master thesis

Learning methods and activities

2 timer forelesning per uke. Emnet har obligatoriske arbeidskrav. Mer informasjon om dette oppgis ved semesterstart. Semesteroppgavene kan leveres som gruppeoppgave. Emnet er et valgfritt masteremne, og undervises ikke hvert semester. Sjekk hva som undervises på https://www.ntnu.no/econ/valgfrie-masteremner. Studenter med studierett på et masterprogram ved ISØ kan ta emnet også når det ikke undervises. Kontakt instituttet (kontakt@econ.ntnu.no) for å få tilgang til læringsressurser.

Compulsory assignments

• Mandatory activity

Specific conditions

Recommended previous knowledge

Bachelor's degree in Economics

Required previous knowledge

None

Course materials

Announced at the beginning of the term.

Credit reductions