Course Contents
1. Importance of Labor Economics: Overview of labor economics, Industrialization and emergence of labor economics.
2. Labor issues in developing and developed world: Overview of labor Issues in developing and developed countries
3. Theories of Labor Movement: Marxist and Selig Perlman's contribution, Role of trade unions in Pakistan, Labor legislation and policies in Pakistan, Critical evaluation of child labor in Pakistan.
4. Labor Market Analysis - Supply of Labor: Labor force participation, Determinants of labor supply, Backward bending supply curve of labor, Dynamic and Static Analysis, Concept of Human Capital, Human capital investment, wages, training and productivity
5. Labor Market Analysis - Demand for Labor: Production function, Determination of wages and marginal productivity, Models of Perfect and Imperfect Competition, Short run and long run demand for labor.
6. Unemployment and Benefits of Income Support: Defining full employment, Sources of unemployment, Unemployment and social protection, Efficiency wages.
7. Labor Mobility and Migration: Reasons and impacts, The Roy Model
8. Labor Market Discrimination: Gender, race and ethnicity discrimination in labor market, Gender-wage differentials
Course Synopsis
This course provides an introduction to the broad field of labor economics. Students will become familiar with models of how firms make decisions about their need for workers, how workers make labor supply decisions, and how wages are determined. The students will also learn about how workers make decisions pertaining to labor migration and how employers engage in labor market discrimination.
Course Learning Outcomes
Upon completing this course, the students shall be able to:
1. Comprehend the functioning and importance of labour markets in the development process of an economy
2. Analyze the problems and significance of labour markets in the development process and suggest measures for the smooth functioning of the labor market in an economy.
Wage Discrimination
View Now
video lecture explaining causes of migration
View Now
video lecture explaining the gender pay gap
View Now
video lecture explaining the sources of unemployment
View Now
4b. human capital investment
View Now
Book Title : Labor Economics
Author : G. Borjas
Edition : 6th edition
Publisher : McGraw- Hill
View Now
Book Title : Contemporary Labor Economics
Author : McConnell, Brue and Macpherson
Edition : 11th edition
Publisher : McGraw- Hill
View Now
Book Title : Handbook of Labor Economics
Author : Orley Ashenfelter and David Card
Edition : latest
Publisher : North Holland
View Now
Book Title : Labor Economics by Smith
Author : Stephen Smith
Edition : latest
Publisher : Routledge
View Now
Title : Contemporary Labor Economics (McConnell and Brue)
Type : Reference Book
View Contemporary Labor Economics (McConnell and Brue)
Title : Labor Economics (Borjas)
Type : Reference Book
View Labor Economics (Borjas)
Title : introduction to labor economics
Type : Presentation
View introduction to labor economics
Title : industrialization and labor economics
Type : Other
View industrialization and labor economics
Title : labor issues in developing and developed countries
Type : Other
View labor issues in developing and developed countries
Title : theories of labor movement
Type : Other
View theories of labor movement
Title : trade unions and labor legislation in Pakistan
Type : Other
View trade unions and labor legislation in Pakistan
Title : child labor in Pakistan
Type : Other
View child labor in Pakistan
Title : labor supply
Type : Presentation
View labor supply
Title : labor demand
Type : Presentation
View labor demand
Title : unemployment
Type : Presentation
View unemployment
Title : labor mobility
Type : Presentation
View labor mobility
Title : labor market discrimination
Type : Presentation
View labor market discrimination
Title : Labor Economics (Smith)
Type : Reference Book
View Labor Economics (Smith)