Course Overview

The labor market affects the welfare of every individual directly. Hence, the analysis of labor markets is of importance and interest not only to economists but to the population at large. Labor economics is a very challenging and a stimulating area in economics due to the special characteristics of the labor market. For example, different to capital, workers are not commodities with fixed characteristics and make decisions about the nature of their participation in the labour market. Institutions affect the labour market much more than any other market.

Learning Achievement

Qualification targets: The aim of this module is to give a basic understanding of the distinctive features of labor markets and the ways in which they operate. Among other things, we will analyse labor supply, labor demand, human capital, labor mobility, the wage structure, discrimination, trade unions, and incentive pay. Throughout the module, we attempt to integrate theoretical issues and empirical evidence, and to address questions of policy. The latter will concentrate on German issues.
Imparted soft skills: Analytical thinking, Independent studying and learning, Ability to give and receive criticism

Competence

Qualification targets: The aim of this module is to give a basic understanding of the distinctive features of labor markets and the ways in which they operate. Among other things, we will analyse labor supply, labor demand, human capital, labor mobility, the wage structure, discrimination, trade unions, and incentive pay. Throughout the module, we attempt to integrate theoretical issues and empirical evidence, and to address questions of policy. The latter will concentrate on German issues.
Imparted soft skills: Analytical thinking, Independent studying and learning, Ability to give and receive criticism

Course prerequisites

Basic knowledge in microeconomics is required.

Grading Philosophy

100 % Written exam (90 min)

Course schedule

Week1: Introduction
Week 2: followed by Week 3 to the Final Week

Course type

Lecture

Online Course Requirement

communication platform: moodle

Instructor

Prof. Dr. Thomas Bauer

Other information

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