KTTA3510 Labour Markets (5 cr)
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Description
Content
Labour supply of individuals and households, labour demand in the short and the long run, labour market equilibrium, competitive and non-competitive labour markets, compensating wage differentials, human capital, the wage structure, labor mobility, discrimination, microeconomic trade union models, labour market contracts and work incentives, efficiency wages, unemployment.
Completion methods
Book exam: Academic year
Assessment details
Accepted completion of the designated assignments. The assessment criteria of the course is specified in the study program annually.
Learning outcomes
• illustrate factors affecting labour supply and demand
• analyse factors behind the wage structure and wage differentials
• interpret and apply the human capital theories
• analyse the behaviour of job searchers and employers in the market with imperfect information
• illustrate different kinds of wage policies and labour market contracts
• explain functioning of the labour market on the basis of insider-outsider theory
• explain differences in policies aimed at reducing different types of unemployment (seasonal, frictional, structural and cyclical unemployment)
Additional information
Opetus järjestetään vain Jyväskylän avoimessa yliopistossa. Lisätietoja maksuttomista kiintiöistä tutkinto-opiskelijoille:
Description of prerequisites
Recommended prerequisites
- Prerequisite group 1
Study materials
Borjas, G. J. 2024. Labor Economics (9th edition). New York: McGraw-Hill.
Muu kurssin aikana ilmoitettu kirjallisuus.
Literature
- Borjas, G. J. 2024. Labor Economics (9th edition). New York: McGraw-Hill.