BAHÇEŞEHİR UNIVERSITY BİLGİ PAKETİ / DERS KATALOĞU
| ECONOMICS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
Course Introduction and Application Information
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| ECO4512 | Labor Economics | Fall | 3 | 0 | 3 | 6 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Basic information
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Dr. Öğr. Üyesi GÖKHAN ŞAHİN GÜNEŞ |
| Recommended Optional Program Components: | None |
| Course Objectives: | To provide a solid understanding of labor market dynamics with a special focus on the labor market in Turkey. |
Learning Outcomes
|
The students who have succeeded in this course; 1. Learning basic statistics to analyze labor market, 2. Analyzing labor demand function, 3. Analyzing labor demand under competitive conditions, 4. Calculating and interpreting wage and cross-wage elasticities, 5. Determining the impacts of labor market frictions on market equilibrium, 6. Determining labor market frictions on both firm and worker, 7. Analyzing labor supply function , 8. Analyzing the impacts of alternative labor market and social policies on labor supply, 9. Augmenting the basic labor supply model with household decision making models, 10. Analyzing the models in which household is a unit and how household bargaining models handles labor supply. |
Course Content
| This course will analyze the labor market dynamics, labor market equilibrium in perfect competition as well as extensions under various frictions, with a special focus on the labor market in Turkey. |
Weekly Detailed Course Contents
| Week | Subject | Related Preparation |
| 1) | Overview of the labor market. Definitions and how the labor markets work | |
| 2) | Labor market in Turkey | |
| 3) | Demand for labor: Profit maximization and competitive markets | |
| 4) | Demand for labor: Short run vs. long run | |
| 5) | Own wage elasticity of labor demand | |
| 6) | Cross wage elasticity of labor demand | |
| 8) | Frictions on the employee side in the labor market: Monopsonic labor markets | |
| 9) | Frictions on the employer side in the labor market: Quasi-fixed costs | |
| 10) | Supply of labor to the economy: The decision to work | |
| 11) | The effects of welfare policies, income maintenance programs and taxes on labor supply | |
| 12) | Labor supply: Household production | |
| 13) | Joint labor supply decisions within the household | |
| 14) | Dynamic labor supply: Life cycle |
Sources
| Course Notes / Textbooks: | Modern Labor Economics by Ehrenberg and Smith, Pearson Education, 10th Edition, 2009. |
| References: |
Evaluation System
| Semester Requirements | Number of Activities | Level of Contribution |
| Attendance | 14 | % 10 |
| Project | 1 | % 20 |
| Midterms | 1 | % 30 |
| Final | 1 | % 40 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 40 | |
| PERCENTAGE OF FINAL WORK | % 60 | |
| Total | % 100 | |
ECTS / Workload Table
| Activities | Number of Activities | Workload |
| Course Hours | 16 | 48 |
| Study Hours Out of Class | 16 | 48 |
| Homework Assignments | 2 | 6 |
| Midterms | 1 | 3 |
| Final | 1 | 3 |
| Total Workload | 108 | |
Contribution of Learning Outcomes to Programme Outcomes
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | 1 |
| 2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | 1 |
| 3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | 5 |
| 4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | 5 |
| 5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | 1 |
| 6) | Comprehends new ways of doing business using digital technologies. and new market structures. | 1 |
| 7) | Takes critical approach to economic and social problems and develops analytical solutions. | 5 |
| 8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | 5 |
| 9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | 1 |
| 10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | 2 |
| 11) | Generates original and innovative ideas in the works she/he contributes as part of a team. | 1 |