EU477 Half Unit
Labour Markets and the Political Economy of Employment in Europe
This information is for the 2021/22 session.
Dr Vassilis Monastiriotis CBG 5.05
This course is available on the MSc in European and International Public Policy, MSc in European and International Public Policy (LSE and Bocconi), MSc in European and International Public Policy (LSE and Sciences Po), MSc in Human Resources and Organisations (International Employment Relations and Human Resource Management), MSc in International Migration and Public Policy, MSc in International Migration and Public Policy (LSE and Sciences Po), MSc in Political Economy of Europe, MSc in Political Economy of Europe (LSE and Sciences Po), MSc in Political Science and Political Economy, MSc in The Global Political Economy of China and Europe (LSE and Fudan) and MSc in Urban Policy (LSE and Sciences Po). This course is available with permission as an outside option to students on other programmes where regulations permit.
A solid background in economics and knowledge of some basic calculus is required. Attendance of EU409 ‘Basic Economic Concepts for Political Economy’ is highly recommended irrespective of background.
The course offers an analytical treatment of key labour market issues, from unemployment and wage determination to skill formation and labour market regulation, within the context of processes of integration and governance in Europe. To do so, it combines a Labour Economics perspective on imperfect labour markets with a Political Economy perspective on EU institutions and policies. In the lectures, we address analytically policy-making questions on topics such as minimum wages, unions and collective bargaining, unemployment benefits, employment protection legislation, regulation of working hours, work-time subsidies (furlough), migration, and others. These topics are then linked in the seminars to the European policy-making context. Examples include: EMU, optimum currency area theory, wage flexibility and internal devaluation; structural unemployment, labour market reforms, the European Employment Strategy and flexicurity; skills shortages, activation policies, European education policy and labour mobility; crises (COVID), short-time work schemes and activation policies; and others.
This course is delivered through a combination of lectures and seminars totalling a minimum of 25 hours across Michaelmas Term. The teaching will be delivered this year through a combination of online and on-campus formats (or if required, online only). This course includes a reading week in Week 6 of Michaelmas Term and a Help Session focusing on the student's summative essay in the second part of the Michaelmas Term.
Students will be expected to produce 5 problem sets, 1 project and 2 other pieces of coursework in the MT.
Formative assessment comprises a weekly set of problem sets / exercises; brief oral presentations on pre-allocated readings in the seminars; submission of a draft / extended outline of the summative project, which students will develop with the teacher late in Michaelmas term.
- Boeri, Tito, and Jan Van Ours. The economics of imperfect labor markets. Princeton University Press, 2013.
- Ashiagbor, Diamond. The European Employment Strategy: Labour Market Regulation and New Governance, Oxford University Press, 2005.
- Esping-Andersen, Gøsta, and Marino Regini, eds. Why deregulate labour markets?. Oxford University Press, 2000.
- Schmid, Günther, and Bernard Gazier, eds. The dynamics of full employment: Social integration through transitional labour markets. Edward Elgar Publishing, 2002.
- Boeri, T., Castanheira, M., Faini, R. and Galasso, V. (eds.), Structural reforms without Prejudices, Oxford University Press, 2006.
- Caroleo, Floro Ernesto, and Sergio Destefanis. The European Labour Market. Physica-Verlag Heidelberg, 2006.
- Nowotny, Ewald, and Peter Mooslechner, eds. The integration of European labour markets. Edward Elgar Publishing, 2009.
- Rogowski, Ralf, ed. The European social model and transitional labour markets: law and policy. Ashgate Publishing, Ltd., 2008.
- Hancké, Bob. Unions, central banks, and EMU: labour market institutions and monetary integration in Europe. Oxford University Press, 2013.
- Layard, Richard, Stephen Nickell, and Richard Jackman. Unemployment: macroeconomic performance and the labour market. Oxford University Press, 2005.
Project (100%, 5000 words) in the LT.
Course selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Important information in response to COVID-19
Please note that during 2021/22 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Department: European Institute
Total students 2020/21: Unavailable
Average class size 2020/21: Unavailable
Controlled access 2020/21: No
Value: Half Unit
Personal development skills
- Problem solving
- Application of information skills
- Application of numeracy skills
- Specialist skills