Labour Economics 2

Aims of the course

- Develop an understanding of the importance of institutions on the functioning of the labor market from demand and supply side connection between the theoretical framework and the effective functioning of the labor market - Develop the ability to analyze problems and presenting solutions in the case of the labor market by using comparative methods - show the importance of labor market performance - understanding and evaluating the performance of various economic policy measures

Course syllabus

1. Overview of the labour market
2. What do determine wages and earnings?
a) Labour Demand.
b) Labour Supply
c) Labour Market Equilibirum.
d) Policy application: Safety and health regulation
3. The role of education in the labor markets
a) Education and Earnings
b) Signaling
c) Policy application: The Education Production Function
4. What policies might increase educational attainment past high school?
a) Postschool Human Capital Investment
b) On-the-job Training
c) Wage inequality
d) Policy application: Why Did Inequality Increase?
5. Discrimination in the labour market.
a) Race and gender in the labour market
b) Different types of discrimination
c) Policy application: The Male-Female wage gap
6. Unemployment
a) Who has the greatest chance of becoming unemployed?
b) The short and long run impacts of unemployment on workers
c) Policy application: Unemployment compensation
7. Labour Unions on the labour market

Course director(s)