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| Detailed information |
| Pre-requisites |
(*)KS Einführung in die Volkswirtschaftslehre KS Einführung in die Mikroökonomie
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| Original study plan |
Bachelor's programme Economics and Business 2025W |
| Learning Outcomes |
Competences |
- Students will be able to critically analyze labor market dynamics, including supply, demand, wages, and employment patterns.
- They will be able to independently evaluate the effects of labor market policies and institutions on economic outcomes.
- Students will be able to apply theoretical and empirical tools to address real-world labor market issues autonomously and responsibly.
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| Skills |
Knowledge |
- Use labor supply and demand models to explain market outcomes
- Analyze the impact of minimum wages, taxes, and welfare policies on labor markets
- Examine and critique the role of human capital and education in wage determination
- Interpret labor market trends, including unemployment, inequality, and migration
- Formulate policy recommendations based on economic theory
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- Factual Knowledge: Key labor market indicators (e.g., unemployment rate, labor force participation), key terminology and data.
- Conceptual Knowledge: Economic theories of labor supply, demand, and human capital; institutional impacts (e.g., unions, discrimination laws).
- Procedural Knowledge: Techniques for estimating labor market effects using econometrics.
- Metacognitive Knowledge: Understanding the assumptions and limitations of labor market models and data interpretations.
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| Criteria for evaluation |
- Participation (10%): Engagement in discussions of e.g., case studies on labour market issues.
- Assignments (40%): Analytical tasks, such as solving theoretical models or empirical exercises using labour market data; study of scientific articles
- Final Exam (50%): Questions on the concepts and economic theories of labour economics
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| Methods |
Lectures: In which the concepts and economic theories of labour markets are explained and critically assessed
Assignments:
- Students read and summarize recent research on income inequality/poverty and discuss the findings critically
- Students analyse labour market data and critically assess their findings
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| Language |
English |
| Study material |
Textbook:
Borjas, G. J. (2024). Labor Economics (current ed.).
Scientific articles to supplement the textbook,
e.g., Card, D. (1990). "The Impact of the Mariel Boatlift on the Miami Labor Market."
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| Changing subject? |
No |
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