TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
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 the theory of labor demand and labor supply 2) Analyze the labor market equilibrium by using the theory of labor demand and labor supply 3) Analyze the effectiveness of the labor market policies by using relevant techniques 4) Understand return to schooling, training, and migration by using human capital theory 5) Understands the measurable and unmeasurable sources of income inequalities.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	ECON205,ECON214, ECON207,ECON216
COURSE DEFINITION	Labor Economics is the study of the workings and outcomes of the market for labor. In this course, we examine the suppliers of the labor market (workers) and the demanders of the labor market(employers) and attempt to understand the resulting patterns of wages, employment, and income. We examine how government policies affect labor force participation, employment and wages. We learn the estimation methods in labor economics such as difference in difference method, regression discontinuity design, and instrumental variable methods.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction to labor economics. Introduction to regression analysis. 2nd Week Theory of labor supply. 3rd Week Labor supply. Policy Applications: welfare programs, earned income tax credit. 4th Week Labor demand. 5th Week Labor market equilibrium-Perfectly Competitive 6th Week Labor market equilibrium-Monopsonist 7th Week Impact Analysis of minimum wage in perfectly competitive labor markets and in monopsonistic labor markets: Theory and estimation using the difference in differences method. 8th Week Midterm 9th Week Investments in Human Capital: Education and Training. 10th Week Impact Analysis of compulsory schooling laws using Regression Discontinuity Design Method; Estimating returns to schooling using instrumental variables method. 11th Week Wage Structure and income inequality 12th Week Labor Mobility (migration/immigration). 13th Week Labor Market Discrimination, Unemployment 14th Week Final
RECOMENDED OR REQUIRED READING	BORJAS, J.GEORGE (2015) Labor Economics, SIXTH EDITION Published by McGraw-Hill
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Discussion,Problem Solving
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Quiz 4 20 Total(%) 60 Contribution of In-term Studies to Overall Grade(%) 60 Contribution of Final Examination to Overall Grade(%) 40 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz 4 3 12 Individual or group work 14 3 42 Preparation for Final exam 1 25 25 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