New Frontiers in Human Capital

ECS553 New Frontiers in Human Capital

  • Topics


    Topics to be covered include selection on observables as well as early life and human capital development, education and health, mental health and human capital, choosing a career, and incentive design and authority contracts.

  • Learning outcome

    Learning outcome

    Human capital is one of the core concepts of Economics, helping us to explain diverse phenomena. This course explores several new areas of application for human capital theory. The course begins with an overview of recent work examining early childhood as a critical period for the development of human capital, and considering health as a key form of human capital. We will then consider the inter-relationship between education and health, and the relationship between mental health and human capital. The course will then turn to the consideration of expertise as an especially important manifestation of human capital, with links to career choice, decision making, and contract design.


    Upon successful completion of this course, the participants should be able to

    - demonstrate a firm grasp of the relevant literature and state of the art thinking in this area

  • Teaching


    8 lectures and student presentations.

  • Required prerequisites

    Required prerequisites

    Successful completion of an econometrics course at the doctoral level.

  • Requirements for course approval

    Requirements for course approval

    Participation in class

  • Assessment


    Termpaper - Pass/fail

  • Semester


    PhD programme, Intensive PhD course August 29-September 1, 2016

  • Literature


    Reading list will be announced later.


ECTS Credits
Teaching language

Course responsible

Lecturer: Janet M. Currie, Princeton University, and W. Bentley MacLeod, Columbia University

Kursansvarlig: Aline Bütikofer and Kjell Salvanes