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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.