Information Package

Master's of Human Resources Management with Thesis

HRM536

LABOR ECONOMICS AND INDUSTRIAL RELATIONS

Course Code
HRM536
Semester
-
Theory+Practice
3 + 0
ECTS
10
Course TypeElective Course
Course LevelMaster's Degree With Thesis
Year of Study-
Semester-
ECTS10
Name of Lecturer(s) -
Learning Outcomes

At the end of this course, the students;

  1. Explains labor markets and their fundamental characteristics.
  2. Evaluates developments in labor markets.
  3. Analyzes labor markets.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme Components
Course DescriptionThis course examines the fundamental concepts, theories, and practices in the fields of labor economics and industrial relations. It covers topics such as labor markets, employment, unemployment, wage policies, working conditions, trade unions, collective bargaining processes, and labor-management relations. The course also analyzes the impact of economic, social, and legal factors on working life and evaluates the structure and development of contemporary employment relations.
Course Contents
WEEK TOPICS
1st Week Introduction: What is Labor Economics?
2nd Week Characteristics of Labor Markets
3rd Week Labor Supply: Preferences and Indifference Curves
4th Week Labor Supply: Income and Substitution Effects
5th Week Labor Supply Curve
6th Week Labor Force Participation Rate
7th Week Labor Demand: Short Run
8th Week Midterm Exam
9th Week Labor Demand: Long Run
10th Week Labor Demand Elasticity
11th Week Wage Determination
12th Week Wage Theories
13th Week Wage Setting
14th Week Economic Analysis of Wage Differentials
15th Week Economics of Education
Recommended or Required ReadingBlau, F. D., Ferber, M. A., & Winkler, A. E. (2021). The economics of women, men, and work (8th ed.). Oxford University Press.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 1 1
Preparation for Quiz
Individual or group work 14 10 140
Preparation for Final exam 14 3 42
Course hours 13 3 39
Preparation for Midterm exam 8 3 24
Laboratory (including preparation)
Final exam 1 1 1
Homework 1 40 40
Total Work Load287
Total Work Load / 30 (h)9.56
ECTS Credit of the Course10
Language of InstructionTurkish
Work Placement(s)No
LO1 LO2 LO3
K1 X X
K2 X
K3 X X
K4 X X
K5 X
K6 X
K7 X
K8 X
K9 X X