This course introduces economic models of the labor market and labor market policy. It will adress questions like: What determines labor supply, labor demand and the equilibrium on the labor market? Why does unemployment exist? How does the labor market influence economic out-comes? How does economic policy work? What is the role of unions for wages and unemployment? The goal of the course is to evaluate labor market policy based on the application of economic theory taking into account economic and social outcomes. Students should be equipped to critically interpret economic facts and empirical studies about the failure and success of labor market policy.
- Labor supply, labor demand and labor market equilibrium
- Wage Setting, Labor Market Discrimination and Inequality
- Wage Setting and Incentive Pay
- Human Capial, Labor Mobility and Migration
- Wage Bargaining and Labor Unions