Labor Economics
mulus@gsu.edu.tr
Content
Objective
The aim of this course is to introduce the core topics of labour economics and to analyse the main problems of the labour market in Türkiye.
Course Content
Labour supply and demand; competitive labour markets and market imperfections; education and its effects on the labour market; wage determination, structure and distribution; the effects of labour market institutions; labour mobility; structural problems of the labour market in Türkiye.
Course Learning Outcomes
Upon completion of the course, students are expected to be able to:
1. Explain the dynamics that influence labour supply and demand.
2. Understand the relationships between education and the labour market.
3. Understand the effects of different mechanisms involved in wage determination.
4. Evaluate the functioning and effects of labour market institutions.
5. Understand and analyse the main problems of the labour market in Türkiye.
Teaching and Learning Methods
Lecture
References
Labor Economics, Cahuc, P. and A. Zylberberg, MIT Press 2004,
Labor Economics, Borjas, G,J, Mc Graw Hill, 2012
Weekly Contents
| Week | Weekly Contents |
|---|---|
| 1 | Introduction and basic concepts |
| 2 | Labor supply |
| 3 | Labor demand |
| 4 | Competitive market equilibrium and compensating wage differentials |
| 5 | Education and human capital |
| 6 | Imperfect information and job search models |
| 7 | Midterm examination |
| 8 | Wage structure and distribution |
| 9 | Inequality and income distribution |
| 10 | Labor market institutions |
| 11 | Labor market discrimination |
| 12 | Skill acquisition |
| 13 | Unemployment |
| 14 | Labor turnover |
Assessment System
| Activities | Number | Contribution |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 40 |
| Contribution of final exam to overall grade | 1 | 60 |
| Total | 2 | 100 |
| Activities | Number | Contribution |
|---|---|---|
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 100 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Make-up | 0 | 0 |
| Total | 1 | 100 |
Relation of Proficiency
| No | Program Learning Outcomes | Contribution | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Demonstrate a basic knowledge of different economic theories and main discussions driving current theoretical approaches | X | ||||
| 2 | Demonstrate ability to use basic qualitative and quantitative methods to asses different economic questions of applied fields | X | ||||
| 3 | Show a sound understanding of current economic discussions and problems | X | ||||
| 4 | Have an effective and clear communication in written and oral formats in different public and professional contexts. | |||||
| 5 | Demonstrate basic knowledge of the world economic history and a sound knowledge of the Turkish economic history | |||||
| 7 | Demonstrate knowledge of standard quantitative techniques and empirical models used in economics | X | ||||
| 8 | Show ability to apply basic economic theory to an applied topic | X | ||||
| 9 | Show a basic understanding of analytical methods, both theory- and model-based | X | ||||
| 10 | Show ability to use economic concepts to discuss current economic issues | X | ||||
| 11 | Reason logically and work analytically | X | ||||
| 12 | Show awareness on social aspects of the economics in different applied and theoretical fields | X | ||||
| 13 | Identify appropriate economic models to analyse problems | X | ||||
| 16 | Show understanding of basic statistical and econometric concepts and ability to apply basic concepts to own empirical work | X | ||||
| 17 | Demonstrate a sound knowledge of the current economic issues in Turkey and a general knowledge of the issues in the world economy | X | ||||
ECTS
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 12 | 3 | 36 |
| Assignments | 0 | 0 | 0 |
| Presentation | 0 | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 25 | 25 |
| Project | 0 | 0 | 0 |
| Laboratory | 0 | 0 | 0 |
| Other Applications | 0 | 0 | 0 |
| Final Examinations (including preparation) | 1 | 35 | 35 |
| Quiz | 0 | 0 | 0 |
| Term Paper/ Project | 0 | 0 | 0 |
| Portfolio Study | 0 | 0 | 0 |
| Reports | 0 | 0 | 0 |
| Learning Diary | 0 | 0 | 0 |
| Thesis/ Project | 0 | 0 | 0 |
| Seminar | 0 | 0 | 0 |
| Other | 0 | 0 | 0 |
| Make-up | 0 | 0 | 0 |
| Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Yıl Sonu | 0 | 0 | 0 |
| Hazırlık Bütünleme | 0 | 0 | 0 |
| Total Workload | 138 | ||
| Total Workload / 25 | 5.52 | ||
| Credits ECTS | 6 | ||