Labor Economics (ECON 430)

2020 Fall
Faculty of Arts and Social Sciences
6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Abdurrahman Bekir Aydemir,
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Analysis of labor markets in relation to determination of wages, conditions of work, the distribution of employment; the market demand for labor and the supply of labor; discrimination wage, salary differentials, compensation schemes; job mobility and migration; power in trade unions; the collective bargaining system; government intervention in the labor market.


On completion of the module, students should be able to
a) demonstrate a broad knowledge of core topics in labor economics,
b) set up and solve sound models of labor markets analyzing specific problems and ideas,
c) identify the applied methods for testing the theoretical predictions of labor theory,
d) analyze and solve complex problems accurately.


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 2

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects. 5

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 5

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 5

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 4

1. Demonstrate an understanding of economics, and main functional areas of management.

2. Assess the impact of the economic, social, and political environment from a global, national and regional level.

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 5

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 4

3. Recognize how incentives shape the behavior of individuals and organizations. 5

4. Identify ?economic? problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 4

1. Pursue open minded inquiry and appreciate the importance of research as an input into management practice.

2. Know how to access, interpret and analyze data and information and use them to make informed decisions.

3. Work effectively in environments characterized by people of diverse educational, social and cultural backgrounds.

4. Identify, select, and justify strategies and courses of action at the divisional, business, and corporate levels of analysis and to develop effective plans for the implementation of selected strategies.