Economics of Labour Markets

The Economics of Labour Markets course offers a detailed exploration of the fundamental principles and dynamics that govern labour markets. It provides an analytical understanding of the behavior of individuals, firms, and governments within the labor market, along with the key factors that influence wages, employment, and workforce productivity. Over five days, participants will delve into topics such as labour supply and demand, human capital theory, gender disparities, immigration economics, and optimal compensation systems.

The course emphasizes both theoretical frameworks, such as the supply-demand model and human capital theory, and real-world applications, such as the impact of immigration on wages and employment or the role of policies in reducing gender inequality. Participants will also engage with current challenges, including the effects of the COVID-19 pandemic on the labour market. By the end of the course, attendees will have a comprehensive understanding of labour market mechanics, as well as the tools and techniques to evaluate and design effective labour policies and compensation systems.