Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
Course Objective
1. To learn the theoretical models of the labor market. 2. To learn how to test the models empirically. 3. To learn how to model labor supply and demand. 4. To understand the reasons and effects of immigration and unemployment. 5. To learn the returns of education in the labor market.
Course Content
How labor markets function. Labor supply and demand. Wage determination. Analysis of minimum wage. Human capital, training and role of education. Economics of discrimination. Immigration, unemployment and unions. Informal sector.
Required Resources
Kuvvet Lordoğlu and Mete Törüner, Labor Economics, Beta Publishing, Istanbul, 1995.
M. Kemal Biçerli, Labor Economics, Beta Publishing, Istanbul, 2013.
Ronald G. Ehrenberg ve Robert S. Smith, Modern Labor Economics.
Robert F. Elliott, Labor Economics.
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 14 | 3 | 42 |
| Out of Class Study Period | 14 | 3 | 42 |
| Midterm | 1 | 5 | 5 |
| Quiz | 0 | 0 | 0 |
| Assignment | 1 | 5 | 5 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 5 | 5 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Labor markets and employment | Borjas, G. (2015). Relevant Chapter |
| 2 | Labor Supply | Borjas, G. (2015). Relevant Chapter |
| 3 | Labor Supply over Lifecycle | Borjas, G. (2015). Relevant Chapter. |
| 4 | Labor demand, theory | Borjas, G. (2015). Relevant Chapter |
| 5 | Labor Demand - Applications | Borjas, G. (2015). Relevant Chapter |
| 6 | Wage Determination | Borjas, G. (2015). Relevant Chapter |
| 7 | Employment Policies and Equilibrium | Borjas, G. (2015). Relevant Chapter |
| 8 | Midterm Exam | Midterm Exam |
| 9 | Human Capital Theory - Theory and Applications | Borjas, G. (2015). Relevant Chapters |
| 10 | Migration | Borjas, G. (2015). Relevant Chapter |
| 11 | The Economics of Discrimination - Theory | Borjas, G. (2015). Relevant Chapter |
| 12 | The Economics of Discrimination - Applications | Borjas, G. (2015). Relevant Chapter |
| 13 | Labor Unions - Theory and Applications | Borjas, G. (2015). Relevant Chapters |
| 14 | Final Exam | Final Exam |
| 15 | Discrimination in Labor Markets | - |
| 16 | Final Exam | - |