Vorlesungsverzeichnis

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Lehrveranstaltungen

Applied Microeconomics II: Labor Economics (Vorlesung/Übung)

Dozent/in: Jonas Dix, Christian Pfeifer

Termin:
wöchentlich | Dienstag | 14:15 - 15:45 | 07.04.2025 - 11.07.2025 | C 12.006 Seminarraum | Start 1. lecture week
14-täglich | Montag | 12:15 - 13:45 | 14.04.2025 - 07.07.2025 | C 3.120 Seminarraum | Start 2. lecture week

Inhalt: Course description: This labor economics course is compulsory for Major Economics as a component of the module “Applied Microeconomics II” (4th term), in which microeconomic theory from previous terms is applied to the labor market. The course includes decisions of workers and firms about labor supply and labor demand, the equilibrium in competitive and non-competitive labor markets, minimum wages, works councils and unions. The presented theories are accompanied by applications, numerical examples, statistics, home assignments, general discussion points for repetition, class and group discussions, and empirical examples using Stata. Please see the course outline for more information about the content. Mandatory literature: Borjas, 2013, Labor Economics, 6th edition, McGraw-Hill [B-Chapter]. 1. Labor supply [B2]  Applications: Unemployment benefits, taxation, wage subsidies, income subsidies, minimum wages, overtime, work absence, workaholics, compensating wage differentials and non-monetary job characteristics, interdependent preferences, discrimination, piece rates and choice of work effort, unions, income target.  Student group discussions (inflation rate and sales taxes, EITC, overtime premia, commuting costs and commuting time, parents) and empirical example in Stata (life satisfaction in the context of labor supply model and compensating wage differentials). 2. Labor demand [B3] 2.1. Labor demand in the short-run with perfect competition  Applications: Efficiency wages, transaction costs.  Student group discussions (constant and increasing MPL, non-profit-organizations). 2.2. Labor demand in the short-run with imperfect competition [B4.9+4.10] 2.3. Application: Minimum wages and labor demand in the short-run 2.4. Labor demand in the long-run with perfect competition  Student group discussions (minimum wages in the long-run). 3. Labor market equilibrium: Shocks, Mobility, Unemployment, and Unions [B4, B12.2+12.4+12.10, B10]  Application and empirical example in Stata: Phillips Curve.  Student group discussions (unions).