Syllabus
Course Outline: 1. Labour Supply and Demand
- Introduction, Labour markets, Labour economics
- Labour demand, Demand elasticities
- Labour markets frictions
- Model of labour supply 2. Wage Differentials
- Compensating wage differentials
- Education
- Discrimination, gender and other factors 3. Institutional Environment and Policy Issues
- Analysis of Employment and Unemployment
- Minimum wage
- Trade Unions
- Active labour market policy
Annotation
The course provides an introduction to the theory and practice of contemporary labour economics. The primary focus is on developing and understanding of the determinants of wage rates and employment levels in labour markets.
Aggregated indicators related to labour, labour markets, and wages are considered, including labour force participation, evolution and change in labour markets, employment, and unemployment. Factors of wage determination and the theories explaining wage differentials are elaborated.
In this course, the analytical tools are used to examine such policy issues as: minimum wage laws, economic impact of trade unions, active labour market policies, labour market discrimination.