Upon successful completion of the course the student will be able to:

• Understand the process of wage formation through the interaction of supply and demand forces in the labor market.
• Analyze the impact of factors that are shaped into imperfect labor markets as well as various government policies on wages and incentives to work.
• Understand the implications of the various political and economic factors in wage setting and employment
• Separate the analysis between issues related to the economic analysis of the labor market and those concerning existing labor relations.
• Recognize the value of the interdisciplinary approach as economic science is essentially a field that uses key analytical tools from mathematics, philosophy, psychology, history, and political science.
• Develop critical thinking skills in assessing competitive ideas and approaches using various methods of addressing relevant issues.
• Develop complex writing and presentation skills for a research work on various topics of interest within the classroom.

• Introduction and Overview of the Labor Market
• Labor Demand and Elasticities
• Frictions in the Labor Market
• Labor Supply
• Compensating Wage Differentials
• Human Capital
• Labor Mobility
• Pay and Productivity
• Labor Market Discrimination
• Trade Unions and Labor Market
• Unemployment
• Earnings Inequality and Income
• International Trade and Labor Market

Lectures (3 hours per week) and Tutorials (2 hours per week)

The assessment is based on student’s performance in the written final examination (80%) and on a mid-term examination during the semester (20%). Written examinations deal with issues of understanding basic concepts, comparative evaluation of competitive theories, and solving numerical problems related to the content of the course. The test is of a multiple-choice format, and students are asked to choose the correct answer (40 questions) from a list of 5 alternative answers (per question). The evaluation criteria are described in the Course Syllabus, which is posted on the platform e-class upatras.

Use of Information and Communication Technologies (ICTs) (e.g. power point) in teaching. The lectures for each chapter are uploaded on the e-class platform in the form of ppt files, which the enrolled students can freely download.