EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF ECONOMICS
COURSE SYLLABUS
2023-2024 ACADEMIC YEAR
COURSE INFORMATIONCourse Title: LABOR ECONOMICS |
| Code | Course Type | Regular Semester | Theory | Practice | Lab | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| ECO 252 | B | 4 | 3 | 0 | 0 | 3 | 5 |
| Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature) | Prof.Dr. Güngör Turan gturan@epoka.edu.al |
| Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | Prof.Dr. Güngör Turan gturan@epoka.edu.al , 14.00-16.00 on Thursdays |
| Second Course Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | NA |
| Language: | English |
| Compulsory/Elective: | Compulsory |
| Study program: (the study for which this course is offered) | Bachelor in Economics (3 years) |
| Classroom and Meeting Time: | E212, 13.40-16.25 PM on Mondays |
| Teaching Assistant(s) and Office Hours: | NA |
| Code of Ethics: |
Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline" |
| Attendance Requirement: | 75% |
| Course Description: | Labor Economics: Basic concepts and terms on the labor economics; functioning of labor markets; labor supply decisions, investment in human capital, compensating wage differentials, labor contract theory, labor unions, economics of unemployment and government employment policies. |
| Course Objectives: | This course is designed to provide an introduction to the theory and practice of contemporary labor economics. The primary focus of this course will be on developing an understanding of the determinants of wages rates and employment levels in labor markets. |
|
BASIC CONCEPTS OF THE COURSE
|
| 1 | labor market |
| 2 | labor supply |
| 3 | labor demand |
| 4 | employment |
| 5 | unemployment |
| 6 | human capital |
| 7 | wage |
| 8 | immigration |
| 9 | wage differentials |
| 10 | returns to schooling |
|
COURSE OUTLINE
|
| Week | Topics |
| 1 | summary of topics and teaching method, overview of labor economics |
| 2 | measuring labor supply-1 |
| 3 | measuring labor supply-2 and practical session1 |
| 4 | labor supply: neoclassical model of labor-leisure choice-1 |
| 5 | neoclassical model of labor-leisure choice-2 |
| 6 | neoclassical model of labor-leisure choice-3 and practical session-2 |
| 7 | review before mid-term exam |
| 8 | mid-term exam |
| 9 | labor demand in the short-run-1 |
| 10 | labor demand in the short-run-2 and practical session 3 |
| 11 | labor demand in the long-run |
| 12 | wage differentials and human capital-1 |
| 13 | human capital-2 and practical session 4 |
| 14 | review before final exam |
| Prerequisite(s): | |
| Textbook(s): | George J. Borjas, Labor Economics, Seventh ed., McGraw-Hill, 2015. |
| Additional Literature: | |
| Laboratory Work: | |
| Computer Usage: | internet access in the class |
| Others: | No |
|
COURSE LEARNING OUTCOMES
|
| 1 | To acquire the ability to examine the labor economics theories. |
| 2 | To acquire necessary skills to analyze the basic subjects of labor economics |
| 3 | Ability to choose the best labor economic policies for solving the problems which are faced in daily economic life. And to decide which policy should be choose for what kind of labor economic problems. |
| 4 | Ability to compute the labor economics values and to analyze their effects. |
|
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution) |
| No | Program Competencies | Cont. |
| Bachelor in Economics (3 years) Program | ||
| 1 | Students define the fundamental problems of economics | 5 |
| 2 | Students describe key economic theories | 4 |
| 3 | Students critically discuss current developments in economics | 3 |
| 4 | Students appropriately use software for data analysis | 4 |
| 5 | Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic | 4 |
| 6 | Students apply appropriate analytical methods to address economic problems | 3 |
| 7 | Students use effective communication skills in a variety of academic and professional contexts | 3 |
| 8 | Students effectively contribute to group work | 3 |
| 9 | Students conduct independent research under academic supervision | 3 |
| 10 | Students uphold ethical values in data collection, interpretation, and dissemination | 4 |
| 11 | Students critically engage with interdisciplinary innovations in social sciences | 3 |
| 12 | Student explain how their research has a broader social benefit | 3 |
|
COURSE EVALUATION METHOD
|
| Method | Quantity | Percentage |
| Midterm Exam(s) |
1
|
40
|
| Final Exam |
1
|
50
|
| Attendance |
10
|
|
| Total Percent: | 100% |
|
ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)
|
| Activities | Quantity | Duration(Hours) | Total Workload(Hours) |
| Course Duration (Including the exam week: 16x Total course hours) | 16 | 3 | 48 |
| Hours for off-the-classroom study (Pre-study, practice) | 16 | 3 | 48 |
| Mid-terms | 1 | 10 | 10 |
| Assignments | 0 | ||
| Final examination | 1 | 15 | 15 |
| Other | 2 | 2 | 4 |
|
Total Work Load:
|
125 | ||
|
Total Work Load/25(h):
|
5 | ||
|
ECTS Credit of the Course:
|
5 | ||
|
CONCLUDING REMARKS BY THE COURSE LECTURER
|
|
The student will learn how to use principles of labor economics |