Information Package / Course Catalogue
Labour Markets
Course Code: İK221
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

The objective of the Labour Market course is to provide students with an understanding of the structure, functioning, and dynamics of labour markets. This course aims to equip students with comprehensive knowledge of labour supply and demand, wage formation, types of unemployment, and policies affecting labour markets. Additionally, it seeks to evaluate the economic, social, and political impacts of labour markets.

Course Content

The Labour Market course covers fundamental topics such as determinants of labour supply and demand, wage theories, causes and types of unemployment, and labour market policies. The course utilizes both microeconomic and macroeconomic approaches to understand how labour markets function. Students will examine the impact of labour markets on economic growth, income distribution, and social justice, and will reinforce theoretical knowledge with practical case studies.

Name of Lecturer(s)
Prof. Fuat MAN
Learning Outcomes
1.To be able to learn the historical evolution of labor markets.
2.To be able to do analyze ortodox and heterodox theoritical approaches to labor markets.
3.To be able to analyze the effects of unions and regulative government institutions to labor markets in labor markets.
4.To be able to learn comprehensized information about unemployment, inflation, growth, migration, race, gender and wages
5.To be able to analyze different aspects like poverty, racism, sexim and etc in the labor markets.
Recommended or Required Reading
1.McConnell, Brue & MacPherson, Contemporary Labor Economics, 8th edition,McGraw-Hill, 2009
Weekly Detailed Course Contents
Week 1 - Theoretical
Labor and Labor studies: Introduction
Week 2 - Theoretical
Labor factor in the evolution of economical thought: labor in the classical and neo classical economics, labor and wages in Keynesian economic analysis, the evolution of labor economics as a discipline after 1945, last trends in labor economics
Week 3 - Theoretical
Personal and compound labor supply theories, statical work-leisure time preference theory, the effects of social programmes and incom taxes, Life cycle models, house hold labor supply models
Week 4 - Theoretical
Personal and compound labor supply models, constant cost profit and labor demand models, adaptive costs and dynamic labor demand models.
Week 5 - Theoretical
Institutional and competitive labor demand models, the evolution of wage structure and differences, productivity and wage relationship
Week 6 - Theoretical
The evolution of unions and collective contracts, the trend of union membership and the determinants of union membership, the effects of unions on wages, the evolution of collective contracts as an institution, economical analysis of effective bargaining and collective contract, unions, bargaining, productivity, relationship between inflation and employment
Week 7 - Theoretical
Government and labor markets, the evolution and the structure of labor laws
Week 8 - Theoretical
Employment and the reasons of unemployment, unemployment insurance and temporary unemployment, the types of unemployment
Week 9 - Theoretical
Calculation of the statistics about labor markets , usage of calculations, empirical examples, comparisons of different country data sets.
Week 10 - Theoretical
Calculation of the statistics about labor markets , usage of calculations, empirical examples, comparisons of different country data sets. (A midterm will be held in this week except the course hour)
Week 11 - Theoretical
Calculation and use of statistics on labor markets, empirical examples, comparison of data sets of different countries
Week 12 - Theoretical
Calculation and use of statistics for labor markets, empirical examples, comparison of data sets of different countries
Week 13 - Theoretical
Calculation and use of statistics on labor markets, empirical examples, comparison of data sets of different countries
Week 14 - Theoretical
Concluding remarks
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory132365
Individual Work130339
Midterm Examination120121
Final Examination125126
TOTAL WORKLOAD (hours)151
Contribution of Learning Outcomes to Programme Outcomes