Learning Targets:

This course will familiarize students with standard labour market models based on the textbook: Labor Economics by Pierre Cahuc, Stéphane Carcillo and André Zylberberg, which covers cutting-edge work in all the major areas of modern labor economics. Students will develop a profound theoretical understanding of how labour markets work and how labour market outcomes can be interpreted and explained.

Outline:

Labour Demand

Labour Supply

Collective Bargaining I (Monopoly Union)

Collective Bargaining II (Right-to-Manage & Efficient Bargaining)

Efficiency Wages

Fair Wages

Search and Matching I (Random Search)

Search and Matching II (Efficiency of the Random Search Model)

Search and Matching III (Directed Search)

Search and Matching IV (Efficiency of the Directed Search Model)

Literature:

The course is based on the textbook: Labor Economics by Pierre Cahuc, Stéphane Carcillo and André Zylberberg, which is available as an e-book via the University Library of the University of Duisbug-Essen. Original research articles will be used as a complimentary source.