The course introduces the students to the basic theories of labor markets. It will emphasize the interaction between theory and empirics. The first part of the course is devoted to study the labor demand decisions taken by firms in competitive markets, the supply decisions taken by rational workers, and the equilibrium outcomes in such markets. The second part of the course analyzes imperfect labor markets, and the last part covers other important topics in labor economics: human capital, wage inequality and discrimination.
Course Outline: 1. Labor Supply 2. Labor Demand 3. Labor Market Equilibrium 4. Imperfect Labor Markets and Unemployment 5. Human Capital 6. Wage Inequality 7. Discrimination
- Module Team: Dr. Afolabi Luqman