Labour Economics

Labour Economics, photo: Kai Stachowiak

Course ID: 
Year of Study: 
For Erasmus Students: 

Learning Outcomes

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. 

Course Contents

  • 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

Teaching Activities

Lectures (3 hours per week) and Tutorials (1 hour per week)

Teaching Organization


Semester workload

Lectures (3 hours per week x 13 weeks)

39 hours

Tutorials (2 hours per week x 13 weeks)

26 hours

Individual work

85 hours

Total number of hours for the Course (25 hours of work-load per ECTS credit)

150 hours (total student work-load)


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 ICT

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.

Course Info

Current Tutors


Giannakopoulos Nicholas

Giannakopoulos Nicholas
Field of Expertise: 
Applied Microeconomics
Organic Unit / Lab: 
Micro-Econometric Analysis of Labour Market Laboratory
Office Hours: 
Tuesday 12:00-14:00
Friday 13:00-14:00

Reading List

Reading Recommendations: 
- Οικονομικά της Εργασίας: Σύγχρονη Προσέγγιση στη Θεωρία και τη Δημόσια Πολιτική, Ehrenberg Ronald, Smith Robert,
- Τα οικονομικά της εργασίας, Borjas George J.,