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Labour Economics

Course Instructor: Lecturer Athina Economou, ECTS credits: 5

Course Description

This course will provide a theoretical and empirical discussion of labour markets. Topics considered include: labour supply, labour demand, wage and employment determination, investment in human capital, unemployment, compensating wage differentials, discrimination in the labour market, trade unions, policies and institutions in the labour market. Of particular emphasis will be the interaction between theoretical and empirical modelling. Students enrolled should be familiar with microeconomics and econometrics basic principles and applications.


Learning Objectives

The main goal of this course is to acquaint students with traditional topics in labour economics in an advanced level. By the end of the course, students should be able to demonstrate a theoretical understanding of the way labour markets operate. In addition, the students should be able to critically discuss the performance of labour markets and to analyse policy questions related to labour markets. The students should also become familiar with the main empirical tools that are utilized in the empirical labour economics research.



Borjas, G.J., 2008. Labor Economics, (eds.) McGraw-Hill Publishing Co., UK.

Booth, A.L., 2002. Economics of the Trade Union, (eds.) Cambridge University Press.

Ehrenberg, RG. & Smith, RS., 2006. Modern Labor Economics, (eds.) Pearson Addison–Wesley.

Elliott, R.F., 1990. Labour Economics: A Comparative Text, (eds.) McGraw-Hill Publishing Co., UK.

Additional study material (research papers, books) will be recommended to students during lectures.

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