Labour Market Economics
The aim of this course is to provide an understanding of the functioning of the labour market and the effects of various public policies.
The course deals with institutional arrangements of the labour market, terms and conditions under which workers supply their labour and under which firms demand their labour. The topics dealt with during the course include the analyses of employment and unemployment, wage distribution, discrimination, and labour mobility.
This is a 7.5 credit course. One week of full-time studies equals 1.5 credits.
The language of instruction is English.
Course material will be available through the learning platform Athena during the course.
Instruction is given in the form of lectures.
The course is examined on the basis of written examinations.
Course literatureNote that the course literature can be changed up to two months before the start of the course.
Borjas, George J. Labour Economics, McGraw Hill, 7th edition or later.
Our recommendation is that you alternate semesters in economics with semesters in other main areas. That way, you will already know if you are eligible when you are applying.
We recommend the following course of study:
First semester of economics:
Economics I, 30 credits
Second semester of economics:
Intermediate Microeconomics, 7.5 credits
Intermediate Macroeconomics, 7.5 credits
Empirical Methods in Economics I, 1 7.5 credits
One optional course in economics, 7.5 credits
Third semester of economics:
Bachelor's Thesis in Economics, 15 credits
Two optional course in economics, 7.5 credits each
Always check the prerequisites for the courses you wish to study and plan ahead.
Meet our teachers
”You learn to think like an Economist”
Anna Seim is a researcher and teacher at the Department of Economics. She thinks that studying economics provides a general education that is useful in many different contexts.
What is Economics?
– Economics is about understanding the economy of society at large and concepts such as unemployment, inflation, growth but also why firms and households act the way they do and how they respond to economic policy.
– The economy is a very complex system, and to understand it economists use simplified mathematical and statistical models and focus on what we believe is key to a certain question. Economics is therefore often perceived as technical, and it is to some extent, at least when you study at higher levels, but the use of models is also what enables us to address certain questions in a scientific way, instead of just guessing.
Why study Economics at Stockholm University?
– You learn to think like an Economist and obtain a general education in economics that is useful regardless of your future plans.
– I would say that the physical proximity to the Swedish central bank and other government agencies is unique to Stockholm and enables us to regularly organise guest lectures by, say, deputy governors of the Riksbank and former minsters of finance. We are also a highly international department and the opportunity to participate in visitors’ programmes, both as students and as researchers, implies that we are all part of a vivid and inspiring environment.
What type of job do students of economics typically obtain?
– Many of our former students start working at, for instance, government agencies, ministries, the Central bank and the Competition Authority while others become employed in the private sector and start working at firms, banks or other financial institutions. There is a wide range of professions that you can pursue after studying economics.