Labor Economics

Course Description: 

The course is an introduction to labor economics, emphasizing applied microeconomic theory and empirical
analysis. We are especially interested in the link between research and public policy. Topics to be covered include:
labor supply and demand, taxes and transfers, minimum wages, immigration, human capital, education production,
inequality, discrimination, labor unions, and unemployment.

Learning Outcomes: 

- Students will be familiar with the classical theory of labor supply and labor demand and it’s predictions of
the impacts of public policies,
- will understand how classical theory is extended to explain phenomena such as unemployment, inequality
or discrimination,
- will be able to apply methods of modern micro-econometrics to test theoretical models of the labor market,
- will be able to interpret empirical results in the light of economic theory and understand potential
shortcomings of empirical research,
- will be encouraged to develop independent research interests in labor economics.

Assessment: 

• Problem sets: in total 20%
• Participation in class discussions: 10%
• Class presentation: 20%
• Final exam: 50%

Prerequisites: 

Microeconomics, Econometrics