Labor Economics - Not offered in AY 2022-23

Undergraduate Program Status

Course Level: 
Bachelor's
Campus: 
Vienna
Course Open to: 
Students on-site
Term: 
Winter
US Credits: 
2
ECTS Credits: 
4
Course Description: 

The major focus of this course is a theoretical and empirical analysis of wage and employment determination in the labor market. In connection, we examine the role of public policy and how it affects wage and employment outcomes.

Most of us allocate a substantial fraction of our time to the labor market. Our action on the labor market influences many aspects of our life: our wealth, the goods we consume, whom we associate with, where we vacation, etc. In this course, we explore the ideas economists use to understand how labor markets work. This will aid our understanding of topics such as education and training, discrimination and the impact of antidiscrimination programs, changes in wage inequality over time, immigration, unemployment, and poverty.

Learning Outcomes: 

Upon completion of the course, students will:

  1. Have an understanding of the basic theories labor markets.
  2. Be familiar with the role of public policies in shaping labor market outcomes.

3.    Be familiar with the interaction between theory and empirics in testing models of the labor market.

4.    Have the ability to critically read and understand scientific articles in labor economics.

5.    Have developed independent research interests in labor economics.

Assessment: 

The final grade is based on:

  • in-class participation 10%;
  • four graded problem sets 20%;
  • class presentations 20%;
  • a final closed-book exam 50%.

There will be 4 problem sets, class presentations and a final exam. Topics for class presentations will be assigned in the second half of the course. Students can work on the material and present in small groups.

The problem sets are handed out on Monday approximately every second week and will be due on Wednesday the following week.

The final exam will be a closed book, closed notes exam. It covers the material presented in class and consist of short answer type questions. No make-up exam will be scheduled. Students who miss an exam must communicate with the professor by email or phone on the day of the exam. Students need to have a certified certificate from a medical or legal authority to justify the reason for having missed the exam. Otherwise a missed exam counts 0 towards the final grade