PANGASINAN STATE UNIVERSITY

Lingayen, Pangasinan (075) 2060 802 prpio@psu.edu.ph

BACHELOR OF ARTS IN ECONOMICS PROGRAM

COURSE Econ 121

SYLLABUS LABOR
ECONOMICS

ALVEAR. ST., LINGAYEN, PANGASINAN

LEVEL II INSTITUTIONAL ACCREDITED
COURSE GUIDE IN ECON 110 – INTRODUCTORY ECONOMICS

PANGASINAN STATE UNIVERSITY FM-AA-CIA-13 Rev. 0 03-June-2020

PANGASINAN STATE UNIVERSITY

Lingayen Campus
BACHELOR OF ARTS IN ECONOMICS PROGRAM

J 121 – LABOR ECONOMICS

Econ
2nd Semester, S.Y 2020 – 2021

COURSE SYLLABUS

COURSE INFORMATION
COURSE CODE Econ 121
COURSE TITLE Labor Economics
COURSE TYPE Lecture
COURSE CREDIT 3 units
CLASS HOURS 3 hours / week (54 Hours)
COURSE PREREQUISITE None
COURSE SCHEDULE M/T/F (9:00 – 10:00)
UNIVERSITY VISION, MISSION, QUALITY POLICY, INSTITUTIONAL OUTCOMES AND PROGRAM OUTCOMES

UNIVERSITY VISION To become an ASEAN Premier State University by 2020.

UNIVERSITY MISSION The Pangasinan State University, through instruction, research, extension and production, commits to develop highly principled, morally
upright, innovative and globally competent individuals capable of meeting the needs of industry, public service and civil society.
QUALITY POLICY The Pangasinan State University shall be recognized as an ASEAN premier state university that provides quality education and satisfactory
service delivery through instruction, research, extension and production.

INSTITUTIONAL The Pangasinan State University Institutional Learning Outcomes (PSU ILO) are the qualities that PSUnians must possess. These outcomes
OUTCOMES are anchored on the following core values: Accountability and Transparency, Credibility and Integrity, Competence and Commitment to
Achieve, Excellence in Service Delivery, Social and Environmental Responsiveness, and Spirituality – (ACCESS).

Anchored on these core values, the PSU graduates are able to:
1. Demonstrate through institutional mechanisms, systems, policies, and processes which are reflective of transparency, equity,
participatory decision making, and accountability;
2. Engage in relevant, comprehensive and sustainable development initiatives through multiple perspectives in decisions and actions
that build personal and professional credibility and integrity.

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3. Set challenging goals and tasks with determination and sense of urgency which provide continuous improvement and producing
quality outputs leading to inclusive growth;
4. Exhibit life-long learning and global competency proficiency in communication skills, inter/interpersonal skills, entrepreneurial skills,
innovative mindset, research and production initiatives and capability in meeting the industry requirements of local, ASEAN and
international human capital market through relevant and comprehensive programs;
5. Display, socially and environmentally responsive organizational culture, which ensures higher productivity among the university
constituents and elevate the welfare of the multi-sectoral communities and;
6. Practice spiritual values and morally upright behavior which promote and inspire greater harmony to project a credible public image.

PROGRAM OUTCOMES
The Bachelor of Art in Economics Program is designed to produce graduates to:

GRADUATE
PROGRAM OUTCOMES PERFORMANCE INDICATORS
ATTRIBUTES
▪ Define basic economic principles and concepts.
Economically ▪ Apply economic concepts and theories to describe socioeconomic
1. Demonstrate the ability to
Inclined/ phenomena.
diagnose economic
Competent/ ▪ Identify and summarize different statistical methodologies.
problems using
Holistic/ Well- ▪ Understand the underlying mathematical structure of economic models.
appropriate theories and
rounded
methodologies.
Analytical

▪ Interpret and effectively communicate the main results and policy

implications of the final research output.
2. Effectively communicate ▪ To defend a thesis or research before a duly constituted panel of experts.
economic arguments and ▪ Understand and apply the scientific method of inquiry to economic research.
research results. ▪ Ability to organize a coherent research plan including the identification of a
Technology meaningful research problem, formulation of a measurable hypothesis,
Literate/ Innovative identification of appropriate theories, and development of a feasible
3. Demonstrate the ability to statistical strategy if needed.
diagnose economic ▪ Ability to analyze the research results and identify policy implications if any
problems using ▪ Ability to design and implement a strategy for collecting, summarizing, and
appropriate theories and interpreting macroeconomic and microeconomic data.
methodologies.
Responsive to ▪ Participate in activities that allow one to articulate one’s position and at the
community 4. Appreciate and practice same time highlight the role of economics in decision-making
development/ good citizenship. ▪ Engage in community-building activities
nation-building

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5. Demonstrate a deep ▪ Respect intellectual property citations of references used in research papers.
commitment to maintaining ▪ Obtain informed consent from respondents when collecting data.
high ethical standards ▪ Compliance with ethical requirements for research involving human subjects.
Dependable
especially in constituting,
analyzing, and interpreting
economic data and results.

COURSE DESCRIPTION

This course concerns the study of functioning and dynamics of the market for labor. It is an economic analysis of how workers, firms and the government interact in shaping
the outcomes in the labor market including demand and supply of labor, employment, wage structure and earnings, distribution of income, human capital, labor market
discrimination, labor unions, labor mobility, migration and unemployment.

COURSE OUTCOMES

The course aims to demonstrate a comprehensive understanding of labor economics. Specifically, at the end of the course, students are expected to:

COURSE OUTCOMES (CO) PROGRAM OUTCOMES CODE (PO)

1. Demonstrate an understanding of an overview of labor economics and the functioning of the labor PO1, PO2, PO3, PO4, PO5
market.
2. Analyze the various exogenous variables that affect or determine the demand for labor. PO1, PO2, PO3, PO5
3. Examine the different exogenous variables that influence the supply of labor. PO1, PO2, PO3, PO5
4. Discuss labor economic theories on wage structure and compensating wage differentials. PO1, PO2, PO3, PO4, PO5
5. Develop awareness on the economics of incentive pay and assess measure labor productivity PO1, PO2, PO3, PO4, PO5
6. Appreciate the significance of human capital for the growth of the country’s economy. PO1, PO2, PO3, PO4, PO5
7. Assess the impact of labor union and collective bargaining on employment, wages and incentives PO1, PO2, PO3, PO4, PO5
to work.
8. Explain the implications of labor mobility on wages and employment. PO1, PO2, PO3, PO4, PO5
9. Determine the labor discrimination problems and issues. PO1, PO2, PO3, PO4, PO5
10. Understand the concept of unemployment and evaluate government policies to deal with the PO1, PO2, PO3, PO4, PO5
different types of unemployment.
11. Interpret labor data and statistics to better understand the Philippine labor market. PO1, PO2, PO3, PO4, PO5
12. Value the relevance of labor rights and privileges to worker’s attitude and explain the provisions of PO1, PO2, PO3, PO4, PO5
the Labor Code of the Philippines in relation to labor welfare.

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COURSE LEARNING PLAN

Learning Activities
Cours Learning Outcomes Topics Ho (Remote Teaching) Learning Materials and Assessment
e urs Platform
Outco
me/s

▪ State the vision, mission, goals, and COURSE ORIENTATION 1 ▪ PSU Corporate Video Recitation
core values of the University ▪ BA Economics Program
▪ Enumerate and explain the 1. Vision, Mission Corporate Video
on, Goals, Guiding Philosophy and Core ▪ BA Economics Catalog
objectives and learning outcomes of
Values of the University ▪ Course Syllabus
the program 2. Program Outcomes ▪ Course Guide
▪ Describe the course information 3. Course Information
▪ Explain the description of the course 4. Course Description
▪ Examine the outline /plan of the 5. Course Outcomes
course 6. Course Outline
▪ Comment on the requirements and 7. Course Requirements and Course Polices
8. Course References and Supplemental
policies of the course
Readings
▪ List the references and supplemental
readings to be used in the course

CO1 ▪ Define labor economics CHAPTER 1: OVERVIEW TO LABOR 5 ▪ Online Class (Web ▪ PSU Economics Learning ▪ Module
▪ Explain labor as a valuable economic ECONOMICS conferencing, Lesson Management System Learning
resource. reading in LMS, Video (NEO LMS) at Activities
▪ Discuss the circular flow model by 1. Labor Economics as a Discipline www.psuecon.neolms.com ▪ Online Quiz
watching related to topics in
examining labor resource. 2. Importance of Studying Labor Economics ▪ Websites and Online ▪ Recitation
▪ Distinguish microeconomics and 3. Labor as an Economic Resource Chapter 1, etc.) Video-Sharing Platforms
macroeconomics in the context of 4. Circular Flow Model Revisited ▪ Lesson Review on Study ▪ Module in Introductory
labor economics. 5. Microeconomics vs. Macroeconomics Guide and Supplementary Economics
▪ Name and describe the types of Revisited Materials
questions that labor economists 6. Labor Economics Questions
analyze. 7. The Use of Economic Models
▪ Determine the different economic ▪ Normative and Positive statements
models utilized in labor economics. ▪ Regression Analysis
▪ Differentiate normative from positive 8. Labor Market Defined
economic statements. 9. Characteristics of the Labor Market
▪ Explain the characteristics and 10.Categories of the Labor Market
functions of the labor market. ▪ Primary vs. Secondary Market
▪ Describe the roles of the three key ▪ Local, National and International
actors of the labor market Labor Market

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11.Three actors of the Labor Market

a. Workers (Employees)
b. Firms (Employers)
c. Government

CO2 ▪ Define labor demand and explain the CHAPTER 2: LABOR DEMAND 5 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
inverse relationship between wage conferencing, Lesson ▪ PSU Economics Learning Learning
rate and labor quantity demanded. 1. Labor Demand Defined Management System Activities
reading in LMS, Video
▪ Create a demand schedule and draw 2. Derived Demand for labor (NEO LMS) at ▪ Online Quiz
a demand curve 3. Labor Demand Curve watching related to topics in www.psuecon.neolms.com ▪ Recitation
▪ Distinguish between change in 4. Change in Quantity Labor Demanded and Chapter 1, etc.) ▪ Economics in Focus
quantity labor demanded and change Change in Labor Demand ▪ Lesson Review on Study Facebook Page at
in quantity labor demanded. 5. Non-wage Determinants of Demand Guide and Supplementary https://www.facebook.com/
6. Elasticity of Labor Demand Materials economicsinfocus/
▪ Explain how factors or non-wage
7. The Production Function ▪ Websites and Online
determinants of demand may change 8. Three Stages of Production Video-Sharing Platforms
demand for labor 9. Marginal Revenue Product ▪ Study Guide (Module) in
▪ Derive labor demand equation from a 10.Profit-Maximizing Level of Employment Labor Economics
set of data and/or diagrams 11.The Employment Decision in the Long
▪ Define labor elasticity of demand. Run
▪ Analyze the firm’s short run
production function.
▪ Construct the diagram of the three
stages of production process and
characterize the behavior of TP, MP,
and AP
▪ Derive the marginal revenue product
(MRP)
▪ Determine the profit-maximizing level
of employment in the short-run and
long-run

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CO3 ▪ Discuss the framework of CHAPTER 3: LABOR SUPPLY 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
neoclassical model of labor-leisure conferencing, Lesson ▪ PSU Economics Learning Learning
choice. 1. Neoclassical model of Labor-leisure Management System Activities
reading in LMS, Video
▪ Name the economic factors that Choice. (NEO LMS) at ▪ Online Quiz
determine whether a person 2. The Worker’s Preferences: Utility and watching related to topics in www.psuecon.neolms.com ▪ Recitation
participates in the labor force. Indifference Curves Chapter 1, etc.) ▪ Economics in Focus
▪ Explain utility function of a worker. 3. Differences in Preferences across ▪ Lesson Review on Study Facebook Page at
▪ Characterize a worker’s indifference Workers Guide and Supplementary https://www.facebook.com/
curve. 4. The Budget Constraint Materials economicsinfocus/
▪ Determine the differences in 5. The Hours of Work Decision ▪ Websites and Online
preferences across workers 6. Labor Supply Curve Video-Sharing Platforms
▪ Analyze the worker’s budget 7. Deriving a Labor Supply Curve for a ▪ Study Guide (Module) in
constraint on the consumption of Worker Labor Economics
goods and leisure. 8. Factors affecting Labor Supply
▪ Interpret, using diagrams, the utility- 9. Estimates of the Labor Supply Elasticity
maximizing condition in labor-leisure 10. Policy Applications on Labor Supply
decision of a worker.
▪ Explain what happens to hours of
work when wage and nonlabor
income changes.
▪ Define labor supply and predict the
relationship between hours of work
and the wage rate.
▪ Deriving the labor supply curve for a
worker. ▪
▪ Estimate the elasticity of supply of
labor.
▪ Analyze the different factors
affecting the supply of labor.
▪ Discuss some policy applications in
related to supply of labor

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CO4 ▪ Explain how the laws of supply and CHAPTER 4: WAGE STRUCTURE AND 5 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
demand determine the structure of COMPENSATING WAGE conferencing, Lesson ▪ PSU Economics Learning Learning
wages in the labor market DIFFERENTIALS Management System Activities
reading in LMS, Video
▪ Discuss the wage distribution in the (NEO LMS) at ▪ Online Quiz
Philippines 1. Definition of Wage watching related to topics in www.psuecon.neolms.com ▪ Recitation
▪ Explain why wage distribution 2. Theories of Wage Determination Chapter 1, etc.) ▪ Economics in Focus
positively skewed. 3. Wage Structure: Basic Facts ▪ Lesson Review on Study Facebook Page at
▪ Discuss how minimum wage laws 4. Minimum Wage Laws Guide and Supplementary https://www.facebook.com/
work. 5. Measuring Inequality: Lorenz Curve and Materials economicsinfocus/
Measuring the extent of inequality in Gini Coefficient ▪ Websites and Online
an income distribution using Gini 6. The Earnings of Superstars Video-Sharing Platforms
coefficient and Lorenz Curve 7. Compensating Wage Differential ▪ Study Guide (Module) in
▪ Describe the superstar phenomenon Defined Labor Economics
and determine the factors that create 8. The Market for Risky Jobs
superstars in certain occupations 9. The Hedonic Wage Function
and not in others. 10.Policy Applications on Compensating
▪ Define compensating wage Wage Differential
differentials.
▪ Describe how the worker decides
whether to accept a safe job (where
she cannot be injured) or a risky job
(where she will certainly be injured)
▪ Explain how the firm decides
whether to offer a safe working
environment or a risky environment.
▪ Determine market-compensating
wage differential between safe jobs
and risky jobs
▪ Analyze the hedonic wage function.
▪ Discuss some policy applications
concerning compensating wage
differentials.

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CO5 ▪ Define fringe benefits. CHAPTER 5: INCENTIVE PAY AND 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Describe each of the forms of fringe LABOR PRODUCTIVITY conferencing, Lesson ▪ PSU Economics Learning Learning
benefits. Management System Activities
reading in LMS, Video
1. Fringe Benefits Defined (NEO LMS) at ▪ Online Quiz
▪ Discuss how firms motivate watching related to topics in
2. Forms of Fringe Benefits www.psuecon.neolms.com Recitation
workers. 3. Motivating Workers Chapter 1, etc.) ▪ Economics in Focus
▪ Describe the concept of incentive 4. The Concept of Incentive Pay ▪ Lesson Review on Study Facebook Page at
pay. 5. Piece Rates and Time Rates Guide and Supplementary https://www.facebook.com/
▪ Explain the factors determine 6. Advantages and Disadvantages of Materials economicsinfocus/
whether a firm offers a piece-rate or Tournaments ▪ Websites and Online
a time-rate compensation system 7. Policy Application: The Principal-Agent Video-Sharing Platforms
problem ▪ Study Guide (Module) in
▪ Discuss how tournaments work by
8. Productivity defined Labor Economics
looking ats it advantages and 9. Measuring Labor Productivity
disadvantages. 10.Why Higher Pay Might Increase Worker
▪ Explain the principal-agent problem Productivity?
concerning CEOs. 11.Efficiency Wage Defined
▪ Define labor productivity. 12.The Efficiency Wage Theory
▪ Measure labor productivity using a 13.Factors affecting Worker’s Productivity
set of data.
▪ Explain why higher pay might
increase worker productivity.
▪ Define efficiency wage.
▪ Discuss the efficiency wage theory.
▪ Discuss the various factors that
affect the productivity of workers.

CO6 ▪ Define human capital CHAPTER 6: HUMAN CAPITAL 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Enumerate some facts about conferencing, Lesson ▪ PSU Economics Learning Learning
education in the labor market 1. Human Capital Defined Management System Activities
reading in LMS, Video
▪ Analyze thru regression analysis 2. Human Capital Investments: The Basic (NEO LMS) at ▪ Online Quiz
the relationship between education Model watching related to topics in www.psuecon.neolms.com Recitation
and level of earnings. 3. Education in the Labor Market: Some Chapter 1, etc.) ▪ Economics in Focus
▪ Discuss the three important Facts Lesson Review on Study Facebook Page at
properties of the wage-schooling 4. The Schooling Model Guide and Supplementary https://www.facebook.com/
locus. 5. Education and Earnings Materials economicsinfocus/
▪ Determine the conditions in which 6. The Wage-Schooling Locus ▪ Websites and Online
the rate of return to schooling can 7. Rate of return to schooling Video-Sharing Platforms
be estimated 8. Estimating the Rate of Return to ▪ Study Guide (Module) in
Schooling Labor Economics
9. On-the Job-Training

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▪ Estimate the rate of return to 10. Types of On-the-Job Training

schooling by examining some 11. On-the-Job Trainings and the Age-
empirical studies. Earnings Profile
▪ Discuss the concept of On-the-Job 12. Policy Applications on Human Capital
Training.
▪ Difference between general training
and specific training.
▪ Discuss the implications of general
and specific training for the worker’s
age-earnings profile.
▪ Discuss some policy application
related to human capital.

CO7 ▪ Define labor union. CHAPTER 7: LABOR UNIONS AND 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Explain the important roles of labor COLLECTIVE BARGAINING conferencing, Lesson ▪ PSU Economics Learning Learning
unions. Management System Activities
reading in LMS, Video
▪ Enumerate the types of unions. 1. Labor Union Defined (NEO LMS) at ▪ Online Quiz
▪ Outline the determinants of union 2. Roles of Labor Unions watching related to topics in www.psuecon.neolms.com Recitation
membership and analyze the 3. Union Structure and Membership Chapter 1, etc.) ▪ Economics in Focus
impact of unions the labor market. 4. Shop Types Lesson Review on Study Guide Facebook Page at
▪ Describe the wage-employment 5. Determinants of Union Membership and Supplementary Materials https://www.facebook.com/
outcome in a model of monopoly 6. The Demand for and Supply of Union economicsinfocus/
unionism. Jobs ▪ Websites and Online
▪ Define collective bargaining. 7. Monopoly Unions Video-Sharing Platforms
▪ Discuss the economic theories of 8. Collective Bargaining ▪ Study Guide (Module) in
collective bargaining. 9. Economic Theories of Collective Labor Economics
▪ Define labor strike. Bargaining
▪ Enumerate and explain the 10.Labor Strike
categories of strikes. 11.Categories of Strikes
▪ Analyze the empirical 12.Determinants of Strikes
determinants of strike activity. 13.Union Wage Effects
▪ Describe threat and spillover 14.Nonwage Effects of Unions
effects and explain how do they 15.Policy Application on Public-Sector
bias estimates of the union wage Unions
effect.
▪ Explain the nonwage effect labor
unions.

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CO8 ▪ Define labor discrimination. CHAPTER 8: LABOR DISCRIMINATION 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Describe some facts on race and conferencing, Lesson ▪ PSU Economics Learning Learning
gender in the labor market. 1. Labor Discrimination Defined Management System Activities
reading in LMS, Video
▪ Analyze the discrimination 2. Race and Gender in the Labor Market (NEO LMS) at ▪ Online Quiz
coefficient. 3. The Discrimination Coefficient watching related to topics in www.psuecon.neolms.com Recitation
▪ Discuss the implications of 4. Employer Discrimination Chapter 1, etc.) ▪ Economics in Focus
employer discrimination for the 5. Employee Discrimination ▪ Lesson Review on Study Facebook Page at
employment decisions of the firm. 6. Statistical Discrimination Guide and Supplementary https://www.facebook.com/
▪ Derive the implications of employee 7. Measuring Discrimination Materials economicsinfocus/
discrimination for the employment 8. Discrimination against Other Groups ▪ Websites and Online
decisions of firms. 9. Economic Effects of Prejudice: Video-Sharing Platforms
▪ Define statistical discrimination and Theoretical Analysis ▪ Study Guide (Module) in
examine the impact of statistical 10.Wage Differentials by Race and Sex Labor Economics
discrimination on the wage of the 11.Policy Applications on Labor
affected workers. Discrimination
▪ Analyze how labor discrimination is
▪ Discuss the factors that might
explain why there is labor
discrimination against other groups.
▪ Explain the reasons in the existence
sizeable wage differentials in terms
of sex and race.
Examine some policy applications
on labor discrimination.

CO9 ▪ Define labor mobility. CHAPTER 9: LABOR MOBILITY 5 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Discuss the two types of mobility. conferencing, Lesson ▪ PSU Economics Learning Learning
▪ Define what is meant by migration. 1. Labor Mobility Defined Management System Activities
reading in LMS, Video
2. Geographical vs. Occupational Mobility (NEO LMS) at ▪ Online Quiz
▪ Outline and describe each type of watching related to topics in
3. The Concept of Migration www.psuecon.neolms.com Recitation
migration. 4. Types of Migration Chapter 1, etc.) ▪ Economics in Focus
▪ Analyze how migration is 5. Measuring Migration ▪ Lesson Review on Study Facebook Page at
measured. 6. Causes and Determinants of Labor Guide and Supplementary https://www.facebook.com/
▪ Identify the causes and factors of Mobility Materials economicsinfocus/
labor mobility. 7. Push Factors and Pull Factors of ▪ Websites and Online
▪ Distinguish between push factors Migration Video-Sharing Platforms
8. Ravenstein’s Laws of Migration. ▪ Study Guide (Module) in
and pull factors of migration.
9. Emigration and Immigration Destinations Labor Economics
▪ Describe different migration facts 10.Brain Drain and its Effect on
and associate these facts to Remittances
Ravenstein’s laws of migration. 11.Impact of Job Mobility on Age-Earnings
Profile
12.Policy Application on Labor Mobility

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▪ Outline the top immigration

destinations and migration
corridors.
▪ Examine the effects of brain drain
remittances.
▪ Analyze the impact of Job Mobility
on age-earnings Profile
▪ Discuss a policy application on
labor mobility.

CO10 ▪ Define what is meant by CHAPTER 10: LABOR FORCE AND 5 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
unemployment. UNEMPLOYMENT conferencing, Lesson ▪ PSU Economics Learning Learning
▪ Calculate the unemployment rate Management System Activities
reading in LMS, Video
from a set of data. 1. Definition of Unemployment (NEO LMS) at ▪ Online Quiz
▪ Define labor force. 2. Unemployment and Employment Rates watching related to topics in www.psuecon.neolms.com Recitation
▪ Examine the members and non- Defined Chapter 1, etc.) ▪ Economics in Focus
members of the labor force 3. Calculating the Unemployment Rate ▪ Lesson Review on Study Facebook Page at
▪ Describe and calculate the labor 4. Labor Force Defined Guide and Supplementary https://www.facebook.com/
force participation rate 5. Composition of the Labor Force Materials economicsinfocus/
▪ Identify who are unemployed and 6. People Excluded in the Labor Force ▪ Websites and Online
employed individuals 7. Labor Force Participation Rate Video-Sharing Platforms
▪ Explain the reasons for 8. Underemployment ▪ Study Guide (Module) in
unemployment 9. Natural Rate of Unemployment Labor Economics
▪ Describe the condition of 10. Types of Unemployment
underemployment 11. Effects of Unemployment
▪ Explain the natural rate of full 12. Policy Application of the Philips Curve
employment. and Effects of Unemployment
▪ Describe, using examples, the Insurance
meaning of types of unemployment
such as frictional, structural,
seasonal and cyclical
unemployment
▪ Discuss possible economic
consequences of unemployment
▪ Discuss the policy applications of
the Philips Curve and effects of
unemployment insurance.

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CO11 ▪ Compare and analyze the earnings CHAPTER 11: THE PHILIPPINE LABOR 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
of private and public employees in MARKET conferencing, Lesson ▪ PSU Economics Learning Learning
the Philippines. Management System Activities
reading in LMS, Video
▪ Examine the in-demand jobs and 1. Earnings of Private and Public (NEO LMS) at ▪ Online Quiz
best-paying jobs in the Philippines Employees in the Philippines watching related to topics in www.psuecon.neolms.com Recitation
▪ Examine the different labor issues 2. Jobs in the Philippines Chapter 1, etc.) ▪ Economics in Focus
and problems in the Philippine labor 3. Philippine Labor Issues and Problem ▪ Lesson Review on Study Facebook Page at
market including unemployment, job ▪ Unemployment and Guide and Supplementary https://www.facebook.com/
mismatch, inadequate wages, Underemployment Materials economicsinfocus/
industrial and labor management ▪ Inadequate Wages ▪ Websites and Online
conflict, economic securities, etc. ▪ Industrial and Labor Management Video-Sharing Platforms
▪ Outline and comment on some of Conflict ▪ Study Guide (Module) in
the policies used and implemented ▪ Economic Insecurities Labor Economics
by government to lessen labor ▪ Inadequate Training and Education
problems in the Philippines ▪ Migration issues
▪ Make a research using the 4. Labor Policies Implemented by the
Philippine labor data/statistics on Philippine Government
wages and earnings, labor force 5. Current and Past Data and Statistics on
employment, immigration, Wages, Labor Force, Employment and
unemployment, etc. Unemployment

CO12 CHAPTER 12: THE LABOR CODE OF 4 ▪ Online Class (Web ▪ Microsoft Teams LMS ▪ Module
▪ Define labor code. THE PHILIPPINES conferencing, Lesson ▪ PSU Economics Learning Learning
▪ Outline and describe the objectives Management System Activities
reading in LMS, Video
of Labor Code of the Philippines. 1. Labor Code Defined (NEO LMS) at ▪ Online Quiz
▪ Outline the provisions on the 2. Labor Code Objectives watching related to topics in www.psuecon.neolms.com Recitation
conditions of employment. 3. Conditions of Employment Chapter 1, etc.) ▪ Economics in Focus
▪ List and explain the unfair labor 4. Unfair Labor Practices of Employers ▪ Lesson Review on Study Facebook Page at
practices of employers. 5. Health, Safety and Social Welfare Guide and Supplementary https://www.facebook.com/
▪ Identify the health, safety, and 6. Termination of Employment Materials economicsinfocus/
social welfare of the workers. 7. Objectives of Labor Relations ▪ Websites and Online
▪ State the conditions for the 8. Employment Benefits Video-Sharing Platforms
termination of employment. ▪ Study Guide (Module) in
▪ Discuss the objectives of labor Labor Economics
relations.
▪ Enumerate the employment
benefits of workers as stipulated in
the Labor Code.

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COURSE REFERENCES AND SUPPLEMENTAL READINGS

A. Books and E-books B. Electronic Sources

Borjas, G.J (2013). Labor Economics, 6th Edition. New York, USA: McGraw-Hill https://psa.gov.ph/statistics/survey/labor-force
https://www.bls.gov/cps/lfcharacteristics.html
Cazes, S. and Verick, S. (2013) Perspectives on Labour Economics for Development. Geneva,
https://www.ilo.org/wcmsp5/groups/public/---dgreports/---dcomm/-
Switzerland: International Labour Office, ILO
--publ/documents/publication/wcms_190112.pdf
Ehrenberg, R. and Smith, R. (2012) Modern Labor Economics Theory and Public Policy 11 th Edition.
Boston, USA: Pearson Education, Inc. https://www.dallasfed.org/educate/~/media/documents/educate/ev
eryday/labor.pdf
McConnell, C., Brue, S., Macpherson, D. (2010) Contemporary Labor Economics, 9 th Edition. New York, http://unionstats.gsu.edu/8220/Borjas-7E_slides_AllChapters.pdf
USA: McGraw-Hill Companies, https://www.youtube.com/watch?v=jSDd6re92TY
https://www.journals.elsevier.com/labour-economics
Pagoso, Cristobal and Dinio, Rosemary. Labor Economics. Rex Printing Company, Inc. Quezon City,
Metro Manila, Philippines. 2002. https://www.journals.uchicago.edu/toc/jole/current
https://www.jstor.org/journal/jlaboreconomics
Sloman, J. (2013) Economics, 6th Edition. England, United Kingdom: Prentice Hall https://www.sciencedirect.com/journal/labour-economics
https://econpapers.repec.org/article/ucpjlabec/
Sexton, R. L. (2016) Exploring Economics, 7th Edition. New York, USA: Cengage Learning https://www.facebook.com/economicsinfocus

COURSE REQUIREMENTS

The following are the set requirements for the course.

1. Passing of final and midterm examinations
2. Submission and passing of module learning activities
3. At least 80% class attendance on synchronous and asynchronous classes
4. Active participation or engagement (basis for recitation) in both face-to-face and remote learning
5. Enrolment and regular access to the PSU Economics Learning Management System accessible at www.psuecon.neolms.com
6. Enrolment and access to PSU Microsoft Teams LMS
7. Submission all online homework assignments
8. Creation of an explainer video and infographics about an economics topic
9. Submission of an economics research paper/term paper
10. Passing of an online mock job interview.

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ASSESSMENT AND GRADING

Grading will be based on the accumulated scores/points from the midterm and final exams, quizzes, module learning activities, attendance, recitation, home-based projects,
and other requirements set. The course grade is determined by the following criteria:

Grading Criteria Percentage

Midterm/Final Exam 40%
Quizzes, Attendance, Recitation (Online) 30%
Home-Based Requirements (Module Activities, Online Assignment, 30%
Research Works, Project, etc.)
Total 100%

The course grade (CG) is computed as follows:

1 1
𝐶𝐺 = 𝑀𝑇𝐺 + 𝐹𝑇𝐺
2 2

COURSE POLICIES AND EXPECTATIONS

A. Face-to-Face Class Policies

1. Adherence to school COVID-19 guidelines/policies concerning the wearing of a mask, social distancing, use of alcohol, etc. and bringing of personal ballpen, paper,
and other materials. A student can stay home if he feels sick.
2. Regular and punctual attendance to classes is highly expected. A student may automatically be dropped after eight (8) consecutive absences. For absences such
as illnesses or other matters, prior notification or submission of an excuse letter is a must.
3. Active participation in classes is encouraged. A student must stay focused and be involved in every class discussion giving his best comments, questions, and
answers.
4. Observance of appropriate behavior and respect for others. Standards of civility appropriate to learning must be observed as stipulated in the PSU Student Handbook.
5. Attendance to scheduled examinations and quizzes. Make–up exam/quiz will only be arranged provided the student has a valid reason for missing a test. Make-up
may occur within one week of the regularly scheduled test, otherwise, a zero score will be credited.
6. Turning cell phone and other electronic devices off or silence it to avoid class disruption.
7. Cheating during examination is strictly prohibited and expects a drastic disciplinary action. Plagiarism of work assignments is not strictly tolerated.
8. Consistent and on-time submission of assignments and other requirements. Late assignment/homework for two to three days loses 50% of the total assignment score.
9. Asking permission to leave the classroom. Refrain from asking to use the comfort room during class discussion times. If given such, one should get back in class
within 5 minutes.
10. Presence of student course kit including the subject notebook, syllabus, course and study guide, calculator, etc. in every class meeting.
11. Keeping the classroom always clean and in order.
12. Other matters to be agreed upon by the class.

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B. Learning Management System (E-learning Class) Policies

A primary Learning Management System platform (Microsoft Teams LMS) will be utilized to deliver synchronous and asynchronous classes to learners. The students
are required to create an account and enroll to the secondary LMS platform (PSU Economics NEO LMS) accessible at www.psuecon.neolms.com. These LMS
portals enable students to get learning resources including syllabus, study guide, e-books, and other learning materials. It is also used for assessment activities like
online quiz and assignment submission. Students will be oriented about the use of LMS and will be provided a copy of the LMS manual and training video for further
guidance. The following are policies to be observed in the conduct of the LMS class:

1. No sharing of LMS account. Others are restricted to access student personal account details.
2. Duplicate or multiple accounts are not allowed. In case of a forgotten username or password, contact the instructor immediately to retrieve or change the user log-in
information. Further, the creation of a dummy account is prohibited.
3. A regular visit to the LMS portal is encouraged to view the class announcement, read lessons, take an online practice quiz, etc.
4. Observance of punctuality and wearing of decent casual attire during scheduled video/web conference in the LMS. There must be no private conversations as well.
In case of absence during video conferencing class, prior notification must be done.
5. Appropriate behaviors are expected when communicating with the instructor or peers. Respect shall be observed for both the instructor and students.
6. Any form of cheating during an online quiz or test is prohibited. Plagiarism of online assignments is not tolerated.
7. Use of Arial font face, size 10 across all LMS activities–emailing, chatting, submission of online submission, and so on.
8. On-time and complete submission of online assignments.
9. Asking questions or making queries related to LMS usage, course concepts/lessons, assignment, and the like are strongly welcomed.
10. Use the course notebook to write the solutions of answers during online tests or assignment. Make use of it also to take note of general experience and problems
with the online course.
11. Logging out is required when finished or completed using the LMS.
12. Other matters pertaining to the use of LMS to be agreed upon by the class.

C. Course Expectations

As a student enrolled in this flexible blended course, you are expected to

1. Abide by all school policies set out in the PSU Student Handbook.
2. Adhere to all the class policies prescribed for both face-to-face and online classes.
3. Comply as much as necessary with all the requirements set for the course.
4. Have basic computer internet and computer skills like the application of MS Office documents, PDF, etc.
5. Be prepared and participative in a flexible learning environment. Preparation and participation are the keys to progress.
6. Appreciate the use of online learning via Learning Management System (LMS)
7. Balance and plan time wisely to ensure a productive and successful online learning.
8. Set study goals to meet assignment due dates and required deadlines.
9. Evaluate your standing by keeping track of your progress and performance in both face-to-face and online classes.
10. Apply the course outcomes as much as necessary.

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11. Learn and acquire adequate knowledge, skills, and competencies from the course.
12. Pass the course.

FACULTY CONTACT INFORMATION

NAME JAMESON N. ESTRADA
DESIGNATION Instructor I
EMAIL ADRESS jestrada@psu.edu.ph
WEBSITE www.psuecon.neolms.com
CONSULTATION HOURS M/WF (1:00 – 3:00 PM)
OFFICE LOCATION CASL Office, Boquiren Hall, PSU Lingayen Campus

Prepared by: Checked by: Recommended by: Approved by:

JAMESON N. ESTRADA LEA SHERAINE A. NAVARRO, MAE ERNA M. SALAZAR, MBA LORNA G. URBIZTONDO, Ed.D
Instructor-in-charge Chair, Department of Economics Dean, College of Art, CED, PSU Lingayen Campus
Sciences, and Letters

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PANGASINAN STATE UNIVERSITY: Region’s Premier University of Choice
UNIVERSITY VISION
To become an ASEAN Premier State University in 2020.

UNIVERSITY MISSION
The Pangasinan State University, through instruction, research, extension and production, commits to develop
highly principled, morally upright, innovative and globally competent individuals capable of meeting the needs
of industry, public service and civil society.

UNIVERSITY CORE VALUES UNIVERSITY STRATEGIC GOALS

■ Accountability and Transparency ■ SG1: Excellent student learning and career development
■ Credibility and Integrity ■ SG2: Strong research culture and technology transfer
■ Competence and Commitment to Achieve ■ SG3: Good governance
■ Excellence in Service Delivery ■ SG4: Sustainable social responsibilities
■ Social and Environmental Responsiveness ■ SG5: Quality human resources management and development
■ Spirituality ■ SG6: Efficient management of assets and finances
■ SG7: Responsive to globalization and diversity
■ SG8: Customer-focused

UNIVERSITY QUALITY POLICY

The Pangasinan State University shall be recognized as an ASEAN premier state university that provides quality education and
satisfactory service delivery through instruction, research, extension and production.
We commit our expertise and resources to produce professionals who meet the expectations of the industry and other interested
parties in the national and international community.
We shall continuously improve our operations in response to the changing environment and in support of the institution’s strategic
direction.

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PANGASINAN STATE UNIVERSITY
LEVEL II INSTITUTIONAL ACCREDITED
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