Taught in English. This course studies the mechanism of labor markets. It covers traditional topics in labor economics including theories of labor demand and supply (both static and dynamic), labor market equilibrium, compensating differentials, human capital investments and returns, wage determination and structure, migration, gender and race discrimination, inequality, unionization, efficiency wages and work incentive scheme, and unemployment. Through this course, students will understand the role of markets in allocating labor resources, as well as the impact of unions, discrimination and government intervention in labor markets. Furthermore, they will be able to explain and address many social and economic problems facing modern societies such as schooling, job training, earnings, retirement and unemployment.
Class taught by Tsinghua’s School of Economics & Management and may not be available every semester. Tsinghua’s exam schedule for this course may require students to stay beyond the regular SU Beijing program end-date.
Prereq: Principles of micro- and macroeconomics; intermediate microeconomics