ECON455 Labor Economics

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
T P
ECON455 Labor Economics 3 0 6 Tu 9-12 BF1.8
Prerequisite ECON111 It is a prerequisite to

None
Lecturer Azra Bičo Office Hours / Room / Phone
Tuesday:
11:00-12:00 Online MS teams and at Office B F1.32, 15:00-16:00
Wednesday:
14:00-15:00 Online MS teams and at Office B F1.32
Thursday:
14:00-15:00 Online MS teams and at Office B F1.32
Friday:
14:00-15:00 Online MS team and Office
B F1.32 - 033 957 411
E-mail abico@ius.edu.ba
Assistant Assistant E-mail dzsiljak@ius.edu.ba
Course Objectives This course is designed to introduce students to the analytical tools of modern labor economics by illustrating the method of labor economics with empirical evidence drawn from developed and developing countries
Textbook Ehrenberg, R. G. & Smith, R. S. (2018). Modern Labor Economics: Theory and Public Policy. Pearson publisher
Additional Literature
  • Genre, V., Momferatou, D., & Mourre, G. (2005). Wage diversity in the euro area: An overview of labour cost differentials across industries. ECB Occasional Paper, (24).
  • Lichter, A., Peichl, A., & Siegloch, S. (2015). The own-wage elasticity of labor demand: A meta-regression analysis. European Economic Review, 80, 94-119.
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Apply appropriate economic skills to the analysis of labor markets
  2. Explain key features of labor markets in their countries as well as other developed countries
  3. Classify and appropriately organize empirical evidence in the discussion of labor market policy
  4. Explain the role of labor unions in wage determination
  5. Summarize inequality and wage pay gaps in line with SDG’s 10.4.1 and 10.4.2.
Teaching Methods The methods include lectures (which may involve power point presentation, video and audio aids), student presentations, projects, and class discussions
Teaching Method Delivery Face-to-face Teaching Method Delivery Notes
WEEK TOPIC REFERENCE
Week 1 Introductory lecture
Week 2 Overview of the Labor Market Chapter 1 and 2
Week 3 The demand for Labor Chapter 3
Week 4 Case study I
Week 5 Frictions in the Labor market Chapter 5
Week 6 The decision to work Chapter 6
Week 7 Labor supply Chapter 7
Week 8 Midterm Exam
Week 9 Compensating wage differentials Chapter 8
Week 10 Inequality in earnings Chapter 15
Week 11 Case study II Worker mobility Chapter 10
Week 12 Pay and productivity Chapter 11
Week 13 Gender, race and ethnicity in the labor market Chapter 12
Week 14 Non working day
Week 15 Final Exam Review ARTICLE REVIEW DUE
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 30 1,2,3,4,5
Semester Evaluation Components
Midterm Exam 1 20 1,2
Case study 2 10 1,2,3,4
Quizzes 1 10 1,2,3,4
Article review 1 20
Participation and inclass assignment 15 10
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 3 15 45 Home Study 2 15 30
Quizz 5 1 5 Article review 16 1 16
Midterm Exam Study 20 1 20 Final Exam Study 30 1 30
Case study 2 2 4
        Total Workload Hours = 150
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 09/11/2023
QR Code for https://ecampus.ius.edu.ba/course/econ111-introduction-microeconomics

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