TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	4
SEMESTER	Eighth Term (Spring)
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	-
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Understand what labor supply and demand imply and how labor markets work. 2) Understand the analytical and intuitive mechanisms behind labor market equilibrium. 3) Analyze the effects of policy interventions on labor market. 4) Learn how to implement analytical economic thinking to interpret real life facts, situations and issues in the labor market e.g. unemployment, unions, migration
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	Microeconomic theory I ? II, Statistics I, Math for Economists
COURSE DEFINITION	The course will introduce labor economics from a theoretical and empirical perspective. The course will cover a broad range of topics such as the theory of labor supply and demand, labor market equilibrium, unemployment, non-competitive labor markets (monopolies and discrimination), unions and income inequality. We will also accommodate applications of economic theory to several policy issues with discussions over real life examples.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction to labor economics 2nd Week Labor supply: Indifference curve and budget line 3rd Week Labor supply: Deriving labor supply curve 4th Week Labor demand: Firm's employment decision 5th Week Labor demand: Deriving the labor demand curve 6th Week Labor market equilibrium 7th Week Labor market and policy interventions 8th Week Mid-term exam 9th Week Non-competitive labor markets 10th Week Labor mobility and migration 11th Week Wage structure and inequality 12th Week Labor unions 13th Week Unemployment 14th Week Final exam
RECOMENDED OR REQUIRED READING	George J. Borjas, (2010). Labor Economics, Fifth Edition, McGraw-Hill international edition, ISBN:9780070172708.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Total(%) 40 Contribution of In-term Studies to Overall Grade(%) 40 Contribution of Final Examination to Overall Grade(%) 60 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz Individual or group work 14 3 42 Preparation for Final exam 1 37 37 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) 0 0 0 Final exam 1 2 2 Homework 0 0 0 Total Workload 150 Total Workload / 30 5 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No