MPhil / PhD · UCL

ECON0085 — Applied Job Search Models

An advanced course covering the theory and structural estimation of job search models: on-the-job search, wage posting, sequential auctions, and their application to understanding wage dynamics over the business cycle.

Lectures

  1. Facts To Be Explained
  2. Why Are Similar Workers Paid Differently?
  3. On-the-job Search and Wage Posting (with appendix)
  4. Sequential Auctions and Individual Wage Bargaining (with appendix)
  5. Why Do Wages Move Over Time the Way They Do?

Practicals

  1. Maximum likelihood estimation of the Burdett and Mortensen model
  2. Moment-based estimation of the same model
  3. Indirect inference estimation of the Sequential Auction model

Practice problems and the full syllabus are provided; materials are also available on Moodle.

MPhil · UCL

Research and Presentation Skills Workshop

A workshop-style course on developing and presenting original economics research. The full course outline is available via Moodle.