Guías Docentes Electrónicas
1. General information
Course:
INPUT MARKETS
Code:
53345
Type:
ELECTIVE
ECTS credits:
6
Degree:
316 - UNDERGRADUATE DEGREE IN ECONOMICS
Academic year:
2022-23
Center:
5 - FACULTY OF ECONOMICS AND BUSINESS
Group(s):
10 
Year:
4
Duration:
First semester
Main language:
Spanish
Second language:
English
Use of additional languages:
We will often read articles and use websites from international organzations (in English)
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer: MARIA ANGELES DAVIA RODRIGUEZ - Group(s): 10 
Building/Office
Department
Phone number
Email
Office hours
2.05
ECO .ESP. E INT.,ECONOMET. E Hª E INS.EC
926053378
mangeles.davia@uclm.es
TBA at the beginnig of the term

2. Pre-Requisites

There are no prerequisites to take this subject. Despite this, it is advisable that the student has passed subjects as Applied Economics Principles, Spanish Economy or International Trade. Also some basic micro and macroeconomic concepts may be useful.

 

3. Justification in the curriculum, relation to other subjects and to the profession

This subject is integrated in the module for international markets of goods and factors in the Economics degree curriculum. Its main aim is to analyse the current features of Labour and Capital markets and the challenges they face. Labour and Capital are essential to understand the functioning of both national and international economic systems. All productive sectors are affected by labour costs, labour productivity as well as access to - and returns from - all sorts of capital. Moreover, most households’ income (and its distribution) depends on the correct functioning of these markets. In order to understand their main problems we will need to cover both theoretical and empirical economic Issues, ie. the way economist measure the most relevant variables describing labour and financial markets. We will also pay attention to the institutions (the rules of the game), the main actors in both markets and how they may contribute to make the market efficient, providing a reasonable income distribution. Namely, we will deal with topics as unemployment, employment policies, labour reforms, internationalization of labour and capital markets, capital typologies (natural, social, human, fixed capital, technology, financial), the structure of the financial systems and the main features of capital markets


4. Degree competences achieved in this course
Course competences
Code Description
E02 Understand the role of institutions and economic agents in economic and social activities.
E04 Analytical skills to identify and anticipate relevant economic and legal issues and the different alternative solutions.
E06 Application of profesional criteria to the analysis of problems, based on the use of technical tools.
E08 Know the different types of government intervention, as well as the fundamental premises of welfare economics.
E10 Ability to design and implement policies and strategies promoting competition and market restructuring.
E12 Obtain theoretical and practical knowledge on international economic development, international trade, and international financial systems.
G01 Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence.
G03 Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions.
G04 Ability for the use and development of information and communication technology in the development of professional activity.
G05 Capacity for teamwork, to lead, direct, plan and supervise multidisciplinary and multicultural teams in both national and international environments.
5. Objectives or Learning Outcomes
Course learning outcomes
Description
Be able to identify analytical models and techniques of the economic, legal and social environment and their historical development
Know the performance and regulation of product and factor mark ets at national and international level and the drivers for the generation of wealth and a suitable distribution of income.
Train the student to listen to and defend arguments orally or in writing
Additional outcomes
Description
Diagnosis and assessment skills to conduct reports about the situation of a market.
Identify relevant sources of information and its content, as well as the ability to derive the important information from the data, otherwise completely unknown to non-professionals.
Being able to identify analytical models and techniques of the economic, legal and social environment and their historical development.
6. Units / Contents
  • Unit 1: LABOUR MARKETS AND [NON] MARKET WORK
    • Unit 1.1: Introduction: work in and out of the labour market
    • Unit 1.2: Labour supply: individual, household and lifecycle perspectives
    • Unit 1.3: The demand: what drives the number of available jobs?
    • Unit 1.4: Employment and unemployment: definitions, indicators and measurement problems
  • Unit 2: THE FUTURE OF WORK AND THE WORK OF THE FUTURE
    • Unit 2.1: Technology and employment: allies or enemies?
    • Unit 2.2: Robots and employment: impact on employment composition and income distribution
    • Unit 2.3: Jobs in the gig-economy and collaborative economy
    • Unit 2.4: Artificial intelligence in labour market intermediation and HHRR management
  • Unit 3: WORLD OF LABOUR AND LABOUR AROUND THE WORLD
    • Unit 3.1: Globalization of production and offshoring: Work moving across the world
    • Unit 3.2: International Migration - workers moving across the world
    • Unit 3.3: International Migration - impact on destination and home countries
    • Unit 3.4: Virtual Migrants: tele-work, tele-migrants and crowdworkers
  • Unit 4: MAIN ACTORS IN THE LABOUR MARKET
    • Unit 4.1: Employers, employees and self-employed
    • Unit 4.2: Gender issues: wage gaps, sticky floors and glass ceilings, quotas and co-responsibility
    • Unit 4.3: Unions and collective bargaining
    • Unit 4.4: The third sector and employment of socially vulnerable people
  • Unit 5: LABOUR MARKET POLICIES AND LABOUR REFORMS
    • Unit 5.1: What can governments do to create employment and fight unemployment?
    • Unit 5.2: Labour institutions: rigidity vs flexibility in labour markets
    • Unit 5.3: Social protection and unemployment: a controversial trade-off
    • Unit 5.4: Active labour market policies: are they effective? and efficient?
  • Unit 6: NON-FINANCIAL CAPITAL
    • Unit 6.1: Introduction - typologies of capital
    • Unit 6.2: Human and Social Capital
    • Unit 6.3: Natural capital and eco-systems
    • Unit 6.4: Physical capital and infrastructures
    • Unit 6.5: Technological and immaterial capital
  • Unit 7: FINANCIAL CAPITAL
    • Unit 7.1: Introduction - essential concepts
    • Unit 7.2: Funding and financial intermediation
    • Unit 7.3: Characterising features and structure of financial systems
    • Unit 7.4: Banking and non-banking capital markets
    • Unit 7.5: Access to funds by firms, households and the State
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences (only degrees before RD 822/2021) ECTS Hours As Com Description
Class Attendance (theory) [ON-SITE] Lectures E02 E04 E08 E10 E12 G01 G03 1.33 33.25 N N
Class Attendance (practical) [ON-SITE] Practical or hands-on activities E10 E12 0.67 16.75 Y N
Practicum and practical activities report writing or preparation [OFF-SITE] Practical or hands-on activities E04 E12 G01 G03 0.9 22.5 Y N
Analysis of articles and reviews [OFF-SITE] Reading and Analysis of Reviews and Articles E02 E04 E08 E12 0.9 22.5 Y N
Other off-site activity [OFF-SITE] Combination of methods E12 G01 G03 0.3 7.5 Y N
Study and Exam Preparation [OFF-SITE] Self-study E02 E04 E08 E10 E12 0.85 21.25 Y N
Final test [ON-SITE] Assessment tests E02 E04 E08 E10 E12 G01 G03 0.25 6.25 Y Y
Practicum and practical activities report writing or preparation [OFF-SITE] Case Studies E04 E10 E12 G01 G03 0.8 20 Y N
Total: 6 150
Total credits of in-class work: 2.25 Total class time hours: 56.25
Total credits of out of class work: 3.75 Total hours of out of class work: 93.75

As: Assessable training activity
Com: Training activity of compulsory overcoming (It will be essential to overcome both continuous and non-continuous assessment).

8. Evaluation criteria and Grading System
Evaluation System Continuous assessment Non-continuous evaluation * Description
Final test 30.00% 30.00% The final exam will consist of different questions concerning theoretical aspects, defining basic concepts and numerical problem solving. Minimum threshold mark: 4 over 10 points
Assessment of active participation 10.00% 10.00% The instructor will assess students' active participation in both theoretical and empirical face-to-face classes. She will also
open online forums for participation of those who cannot attend the lectures.
Other methods of assessment 60.00% 60.00% Both quantity and quality of the submitted exercises and essays will be taken into account in the assessment.
Total: 100.00% 100.00%  
According to art. 4 of the UCLM Student Evaluation Regulations, it must be provided to students who cannot regularly attend face-to-face training activities the passing of the subject, having the right (art. 12.2) to be globally graded, in 2 annual calls per subject , an ordinary and an extraordinary one (evaluating 100% of the competences).

Evaluation criteria for the final exam:
  • Continuous assessment:
    The subject follows an evaluation system that comprises individual and group tasks, debates and active participation during classes. In addition, there will
    be a final exam about the materials provided by the instructor in class and/or in Moodle. Also participation in seminars or other training activities taking place in the School during the term will be taken into account. In order to pass the subject a minimum mark of 4 points (over 10) will be needed.
  • Non-continuous evaluation:
    Students who cannot attend class will be able to submit the practical exercises online, via Moodle, before the final exam. Still, those who were unable to submit exercises or those who did not get a good mark may opt for a final exam that will be enriched with extra tasks to assess the competences not developed in the practical exercises. And the assessment of participation in class for those students will be substituted with participation in an online forum. In any case, please pay attention to the Reglamento del Estudiante (passed in 23/05/2022) - article 4.2.b.

Specifications for the resit/retake exam:
Marks for practical exercises and essays will be taken into account in the re-sit of the exam. Students who have not passed the different training activities may recover the relevant mark before the written retake exam takes place. For those students, the mark concerning participation in the classroom may be as well recovered through participation in online forums before the written retake exam takes place.
Specifications for the second resit / retake exam:
Given the special features of the second retake exam, the final mark will be only obtained through the final exam, unless the student expresses her intention to take part in continuous evaluation up to the day the second retake exam takes place.
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
Hours hours
Class Attendance (theory) [PRESENCIAL][Lectures] 20
Class Attendance (practical) [PRESENCIAL][Practical or hands-on activities] 33.25
Practicum and practical activities report writing or preparation [AUTÓNOMA][Practical or hands-on activities] 22.5
Analysis of articles and reviews [AUTÓNOMA][Reading and Analysis of Reviews and Articles] 21.25
Other off-site activity [AUTÓNOMA][Combination of methods] 22.5
Study and Exam Preparation [AUTÓNOMA][Self-study] 6.25
Final test [PRESENCIAL][Assessment tests] 16.75
Practicum and practical activities report writing or preparation [AUTÓNOMA][Case Studies] 7.5

Unit 1 (de 7): LABOUR MARKETS AND [NON] MARKET WORK
Teaching period: Weeks 1 & 2

Unit 2 (de 7): THE FUTURE OF WORK AND THE WORK OF THE FUTURE
Teaching period: Weeks 3 & 4

Unit 3 (de 7): WORLD OF LABOUR AND LABOUR AROUND THE WORLD
Teaching period: Weeks 5 & 6

Unit 4 (de 7): MAIN ACTORS IN THE LABOUR MARKET
Teaching period: Weeks 7 & 8

Unit 5 (de 7): LABOUR MARKET POLICIES AND LABOUR REFORMS
Teaching period: Weeks 9 & 10

Unit 6 (de 7): NON-FINANCIAL CAPITAL
Teaching period: Weeks 11 & 12

Unit 7 (de 7): FINANCIAL CAPITAL
Teaching period: Weeks 13 & 14

Global activity
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
Hidalgo, Manuel A. El empleo del futuro : un análisis del impacto de las nuevas tecnologías Deusto, 978-84-234-2966-0 2018 Ficha de la biblioteca
Jimeno, Juan F. Crecimiento y empleo : una relación turbulenta e incomprendida Madrid RBA, 978-84-9056-744-9 2016 Ficha de la biblioteca
Jonathan Portes What Do We Know and What Should We Do About Immigration? SAGE Publishing 9781526464422 2020  
Martínez Moure, Olga Mercado del trabajo y empleo / Centro de Estudios Financieros, 978-84-454-4130-5 2021 Ficha de la biblioteca
Maudos Villarroya, Joaquín Condiciones financieras de las empresas españolas : Efectos Fundación BBVA, 978-84-92937-77-6 2020 Ficha de la biblioteca
Melanie Simms What Do We Know and What Should We Do About the Future of Work? SAGE Publishing 9781526463463 2020  
OECD OECD Productivity, human capital and educational policies OECD 2021 recurso on-line https://www.oecd.org/economy/human-capital/  
Pérez García, F. y Otros El stock de capital en España y sus CC.AA. Bilbao Fundación BBVA 2019  



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