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After successful completion of this course students will be acquainted with the standard tools for labor economics and will have extended their skills in applying theoretical and econometric methods. Furthermore, they will have a good understanding ofthe labor market including current labor market policies in Germany. Moreover, they will be able to understand recent research papers in labor economics.
Wages, employment, and education are key aspects for the wellbeing of most individuals in an economy and labor market policy is an important part of economic policy. This course deals with the economic analysis of labor markets. The course covers topics like labor supply, labor demand, investment into human capital, unemployment, and discrimination. Students become acquainted with the standard tools for labor economics and they learn to apply them to real world problems. The course is based on both microeconomic theory and empirical contributions. The course consists of lectures and of the discussion of problems and research papers. Students are required to read a research paper each week before class and to actively participate in the discussion.