International and labour economics

NámsgreinV-733-ILEC
Önn20201
Einingar7,5
SkyldaNei

Ár1. ár
ÖnnVorönn/Spring 2020
Stig námskeiðsÓskilgreint
Tegund námskeiðsValnámskeið
UndanfararEngir undanfarar.
SkipulagEkkert skráð skipulag.
Kennari
Katrín Ólafsdóttir
Lýsing
This course is intended for students in Human Resource Management and Organisational Psychology while students in other programs are welcome. In today’s globalized world the links between labor markets and international trade are very strong and the tools of economics apply equally to both.
In this course we start by discussing the basic ideas of economics, demand and supply and the gains from trade. Then we will take this analysis further and look at how the basic tools of economics apply to labor markets and in the international context. When looking at labor markets we will focus on how labor markets operate and how that relates to what goes on inside the firm. The tools of economics are used to analyze employer and employee decisions, and the institutional factors shaping those decisions, such as unions and employer federations. When looking at the international context we will add trade between countries and exchange rates.
Among topics discussed are employee supply of labor, employer demand for labor, education and training, the role of unions, worker rights and government policy, employee involvement and participation, discrimination, unemployment, income inequality, international trade and competition, exchange rates, real and nominal, and the role of international treaties.
Námsmarkmið
After finishing the course:Students should posess general knowledge and insights of the main theories and concepts of labor economics.

Students should have knowledge and understanding of terms used in labor economics such as labor demand and labor supply, elasticity, indifference curves, human capital, unemployment, and discrimination.

 Students should understand the main factors affecting demand and supply both in general markets as well as in the labor market.

Students should know what distinguishes labor markets from other markets.
Students should be able to apply the basic tools of labor economics.

Students should be able to analyze the effects of various changes, including policy, to supply and demand for labor.

Students should be able to draw and explain the models used in labor economics, such as supply and demand, budget constraints and indifference curves. Students should understand the role of government and international institutions in the labor market.


Students should have the skills to analyze economic problems that apply to the labor market.
Students should be able to understand which tool to apply to each problem and be able to separate the major factors of the problem from the minor factors.
Námsmat

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