Download Module title Introductory Labor Economics Responsible unit Chair

Module title
Introductory Labor Economics
Responsible unit
Chair for Empirical Economics
Lecturer
Bauer
Module can be used as
Compulsory optional module (SVWL) of the
“Profilierungsphase” in Management & Economics Part of
the specialization Industrial Organization and Economic
Policy
Part of the specialization International Economics
Frequency and time
Every winter semester
Type of module
Lecture (2 credit hours)
Short description
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.
The aim of this module is to give a basic understanding of
the distinctive features of labour 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.
Prerequisites
Basic knowledge in microeconomics is required.
Composition of module grade
Final exam
Imparted soft skills
analytical and logical thinking
independent learning and working
project and/or time management
literature research and documentation
scientific presentation skills
rhetoric/presentation techniques
teamwork
critical thinking
Medium of instruction
English
Credit points and workload
5 ECTS is equivalent to 4,17 % of the final exam Total
workload: 150 hours (Contact hours: 30 hours; Individual
study: 120 hours)
Maximum number of
participants
No restriction
Learning material and relevant
literature
Borjas, George J. (2013): „Labor Economics“, McGraw Hill.