Information Package / Course Catalogue
Labour Economics I
Course Code: ÇEKO301
Course Type: Non Departmental Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

Core Subject Course. This course aims to introduce students to the fundamental concepts, types, and key actors of the labor market while equipping them with the competence to qualitatively and quantitatively analyze developments in labor markets. The course covers in depth the structure and functioning of labor markets, the relationship between unemployment and inflation, wage formation processes, and the variables influencing wages. It aims to enable students to understand the core theoretical approaches of labor economics, analyze current issues such as inequality, discrimination, and gender in the labor market, develop a sense of social responsibility grounded in sustainable development, social justice, and ethical values, and acquire the skills needed to adapt to labor market dynamics shaped by digitalization and technological change.

Course Content

The Labor Economics I course offers an in-depth theoretical and practical examination of how labor markets function, aiming to equip students with the ability to analyze the determinants of labor supply and demand, understand equilibrium processes in the labor market, and assess the social and economic impacts of labor market policies. The course covers key topics such as fundamental labor market concepts, the ability to develop economic models, efficient wage theories, the economic analysis of labor mobility, discrimination in labor markets, and the role of trade unions. A core objective of the course is to enhance students’ capacity to evaluate contemporary labor market issues through the lenses of gender equality, social justice, and ethical values, contribute to sustainable development goals, and acquire the knowledge and skills needed to adapt to labor market dynamics shaped by digitalization and technological change.

Name of Lecturer(s)
Prof. Abdullah ÖZDEMİR
Learning Outcomes
1.The student explains key concepts such as labor supply, labor demand, wage formation, and labor market equilibrium, along with related economic models.
2.The student can qualitatively and quantitatively analyze labor market indicators such as employment, unemployment, elasticities, and cost structures, and perform basic calculations.
3.The student discusses social issues such as gender inequality, discrimination, internal labor markets, and the role of trade unions both theoretically and practically.
4.The student critically evaluates the effects of economic policies, including efficiency wage theories, labor mobility, competition types, and market policies on the labor market
5.The student integrates ethical values, social responsibility, and a sustainable development perspective into their analyses in the field of labor economics.
Recommended or Required Reading
1.Toker Dereli, Kemal İnan, Nuri Çelik (2015). Labor Economics. Beta Publishing.
2.Lordoğlu, K., Özkaplan, N. (2005). Labor Economics. Der Publishing, Istanbul.
3.Ekinci, Ö. (2022). Introduction to Labor Economics. Ekin Publishing.
4.Ronald G. Ehrenberg, Robert S. Smith (2017). Modern Labor Economics: Theory and Public Policy. Routledge.
5.George J. Borjas (2015). Labor Economics. McGraw-Hill Education.
Weekly Detailed Course Contents
Week 1 - Theoretical
Course subject, purpose, and method; definition of economics and its relation to other sciences: Understanding the basic concepts of economics and its place within social sciences, developing interdisciplinary connections.
Week 2 - Theoretical
Evolution of labor relations and characteristics of the labor market: Analyzing the historical development and structural features of labor markets, evaluating social issues in historical context.
Week 3 - Theoretical
Basic concepts and calculations related to labor economics: Understanding labor supply, demand, wages, and employment concepts and performing basic calculations.
Week 4 - Theoretical
Labor supply and individual/market labor supply curves: Analyzing the factors affecting labor supply at both individual and market levels.
Week 5 - Theoretical
Labor demand and short-/long-run labor supply curves: Evaluating the determinants of labor demand and the differences between short-run and long-run perspectives.
Week 6 - Theoretical
Labor market equilibrium, perfect competition, and the single wage rule: Analyzing market equilibrium and wage formation under perfect competition conditions.
Week 7 - Theoretical
Indifference curves and individual labor supply equilibrium: Establishing labor supply equilibrium based on individuals’ labor and leisure preferences.
Week 8 - Theoretical
Isoquant curves, isocost lines, optimal factor combination, and firm expansion path: Determining the firm’s optimal production combination and expansion path.
Week 9 - Theoretical
Labor supply and demand elasticities: Defining and analyzing labor supply and demand elasticities.
Week 10 - Theoretical
Pricing and wages under different types of competition in goods and labor markets: Evaluating the impact of competition types on pricing and wage determination.
Week 11 - Theoretical
Internal labor markets: advantages and disadvantages Theoretically and practically evaluating the advantages and disadvantages of internal labor markets.
Week 12 - Theoretical
Efficiency wage theories: Analyzing efficiency wage models and their impacts on labor markets.
Week 13 - Theoretical
Economic analysis of labor mobility: Examining labor migration and mobility from an economic perspective.
Week 14 - Theoretical
Economic analysis of trade unions: Evaluating the effects of trade unions on wages, employment, and productivity.
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Midterm Examination115217
Final Examination122224
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
OÇ-1
5
5
4
5
4
4
3
4
5
4
3
4
OÇ-2
4
5
5
5
4
5
4
4
5
5
4
4
OÇ-3
4
5
5
5
4
4
4
5
5
4
4
5
OÇ-4
4
5
4
5
5
5
5
4
5
4
5
5
OÇ-5
5
4
5
4
5
4
3
4
4
5
4
4
Adnan Menderes University - Information Package / Course Catalogue
2026