| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | 4 |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- Understand what labor supply and demand imply and how labor markets work
- Understand the analytical and intuitive mechanisms behind labor market equilibrium
- Analyze the effects of policy interventions on labor market.
- Learn how to implement analytical economic thinking to interpret real life facts, situations and issues in the labor market e.g. unemployment, unions, migration
|
| Mode of Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | Microeconomic theory I-II, Statistics I, Math for Economists |
|---|
| Course Description | The course will introduce labor economics from a theoretical and empirical perspective. The course will cover a broad range of topics such as the theory of labor supply and demand, labor market equilibrium, unemployment, non-competitive labor markets (monopolies and discrimination), unions and income inequality. We will also accommodate applications of economic theory to several policy issues with discussions over real life examples. |
|---|
| Course Contents |
| WEEK |
TOPICS |
|
1st Week |
Introduction to labor economics |
|
2nd Week |
Labor supply: Indifference curve and budget line |
|
3rd Week |
Labor supply: Deriving labor supply curve |
|
4th Week |
Labor demand: Firm's employment decision |
|
5th Week |
Labor demand: Deriving the labor demand curve |
|
6th Week |
Labor market equilibrium |
|
7th Week |
Mid-term exam |
|
8th Week |
Labor market and policy interventions |
|
9th Week |
Non-competitive labor markets |
|
10th Week |
Labor mobility and migration |
|
11th Week |
Wage structure and inequality |
|
12th Week |
Labor unions |
|
13th Week |
Labor unions |
|
14th Week |
Unemployment |
|
| Recommended or Required Reading | George J. Borjas, (2010). Labor Economics, Fifth Edition, McGraw-Hill international edition, ISBN:9780070172708. |
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
40 |
| Total(%) |
|
40 |
| Contribution of In-term Studies to Overall Grade(%) |
|
40 |
| Contribution of Final Examination to Overall Grade(%) |
|
60 |
| Total(%) |
|
100 |
|
| ECTS Allocated Based on Student Workload |
| Activities |
Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Midterm exam |
1 |
2 |
2 |
| Preparation for Quiz |
|
|
|
| Individual or group work |
14 |
3 |
42 |
| Preparation for Final exam |
1 |
37 |
37 |
| Course hours |
14 |
3 |
42 |
| Preparation for Midterm exam |
1 |
25 |
25 |
| Laboratory (including preparation) |
0 |
0 |
0 |
| Final exam |
1 |
2 |
2 |
| Homework |
0 |
0 |
0 |
| Total Work Load | 150 |
| Total Work Load / 30 (h) | 5 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
