First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP3050097, A.A. 2014/15

Information concerning the students who enrolled in A.Y. 2014/15

Information on the course unit
Degree course Second cycle degree in
EP1980, Degree course structure A.Y. 2013/14, A.Y. 2014/15
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Number of ECTS credits allocated 6.0
Type of assessment Mark
Course unit English denomination ECONOMICS OF HUMAN CAPITAL
Department of reference Department of Political Science, Law, and International Studies
Mandatory attendance No
Language of instruction English
Single Course unit The Course unit can be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Teacher in charge THOMAS BASSETTI SECS-P/02

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/01 Political Economy 6.0

Course unit organization
Period First semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
Hours of
Individual study
Lecture 6.0 45 105.0 No turn

Start of activities 22/09/2014
End of activities 24/01/2015
Show course schedule 2019/20 Reg.2013 course timetable

Examination board
Examination board not defined

Prerequisites: Basic notions of economics that are taught in an introductory course: demand and supply scheme, production function, average and marginal product, profit maximization, market forms.
Target skills and knowledge: This course aims to provide both theoretical and empirical tools to analyze the main features of human capital accumulation. After having discussed the main components of human capital, the course will especially pay attention to the economics of education. In particular, students will have the opportunity to study important topics such as educational choices, the labor market for skilled workers, educational policies, the impact of human capital accumulation on the economic growth and development, with a special focus on less developed countries.
Examination methods: There will be a written exam covering lectures and discussions.
Assessment criteria: A typical exam is composed by 5 questions, each divided into 2 sub-sentences. Each sub-sentence has two parts. In the first one, students must answer whether the sentence is true or false (1 point). In the second one, they have to explain the reason of this answer (2 points).
Attendance to all lectures is strongly recommended and active participation is encouraged. Students should prepare for class by reading the assigned materials.
Course unit contents: 1. Definitions and preliminary notions
2. Human capital and rates of return
3. Signaling and screening
4. The economic assessment of training schemes
5. Education and economic growth
6. Skill-biased technical change and educational outcomes
7. The social and external benefits of education
8. Funding higher education
9. Exploring the effect of class size on student achievement
10. Determinants of educational success in higher education
11. The school-to-work transition
Planned learning activities and teaching methods: The course is divided into five parts. In the first part, we define the concept of human capital, introducing some preliminary notions. In the second part, we consider traditional and alternative microeconomic theories on human capital accumulation. The third part is devoted to the macroeconomic consequences of human capital accumulation. The fourth part is oriented to the implementation of economic policies devoted to facilitate this accumulation. Finally, the last part of the paper treats the relationship between cognitive and non-cognitive skills.
Additional notes about suggested reading: Lecture notes will be available at the beginning of the course.
Textbooks (and optional supplementary readings)
  • Geraint Johnes and Jill Johnes, International Handbook on the Economics of Education. Cheltenham, UK, Northampton,: Edward Elgar Publishing Ltd, 2004. Chapters: 1-7, 8, 9, 11, 13 Cerca nel catalogo