Course Schedule

Course Schedule

Start > Leuphana Bachelor (B.A./B.Eng./B.Sc./LL.B.) -> Major Volkswirtschaftslehre (bis Studienbeginn WiSe 13/14) -> Angewandte Mikroökonomik II: Arbeitsökonomik

Lehrveranstaltungen

Applied Microeconomics II: Labor Economics (Vorlesung/Übung)

Dozent/in: Christian Pfeifer

Inhalt: Course description: This course in labor economics is compulsory for the Major Economics as a component of the module “Applied Microeconomics II” (4th term). In there, microeconomic theory from previous semesters is applied to the labor market. The first part of the course includes decisions of workers and firms about labor supply and labor demand, the equilibrium in competitive and non-competitive labor markets, and some thoughts about wages and non-monetary job characteristics. The second part of the course discusses different topics such as works councils and unions, incentives and remuneration schemes, human capital, and discrimination in the labor market with a focus on gender gaps. The presented theories are accompanied by applications, numerical examples, statistics, home assignments, general discussion points for repetition, class and group discussions. Please see the course outline for more information about the content of the course. Mandatory literature: Borjas, 2013, Labor Economics, 6th edition, McGraw-Hill [B-Chapter]. Part 0: Introduction [B1] Part 1: Basic Labor Market Models 1.1. Labor supply [B2] 1.2. Labor demand with perfect competition [B3] 1.3. Labor market equilibrium [B3.9+3.10, B4, B12.2+12.4] 1.4. Non-competitive labor market models [B4.9+4.10] 1.5. Compensating wage differentials [B5] Part 2: Topics 2.1. Works councils and unions [B10] 2.1.1. Works councils 2.1.2. Unions 2.2. Incentives and remuneration schemes [B11] 2.2.1. Agency theory and the need for incentives 2.2.2. Input based remuneration and efficiency wages 2.2.3. Piece rates and performance pay 2.2.4. Promotions and tournament theory 2.2.5. Seniority and deferred compensation schemes 2.3. Human capital [B6] (Outlook) 2.3.1. Human capital vs. signal 2.3.2. Schooling 2.3.3. On-the-job training 2.4. Labor market discrimination [B9] (Outlook) 2.4.1. Race and gender discrimination 2.4.2. Discrimination theories: taste, statistical, crowding, market power 2.4.3. Measuring discrimination Note that 2.3. and 2.4. are not relevant for the exam due to time restrictions. Nevertheless, the slides have been uploaded for the interest of students. Human capital and discrimination will be further discussed in my empirical research project (LFP) in the winter term.