Credits: 6

Schedule: 21.02.2017 - 31.03.2017

Teacher in charge (valid 01.08.2018-31.07.2020): 

Kristiina Huttunen

Teaching Period (valid 01.08.2018-31.07.2020): 

IV Spring (2018-2019), Otaniemi campus

IV Spring (2019-2020), Otaniemi campus

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The students understand main theories of labor markets and can use them to analyze new situations. Furthermore, they understand and can implement the main empirical approaches used for testing and quantifying theoretical models.

Content (valid 01.08.2018-31.07.2020): 

The course provides an introduction to the microeconomics of the labor markets. Particular emphasis is given to the interaction of theoretical and empirical modeling. The topics include labor supply, labor demand, wage formation, welfare programs, immigration, minimum wages, human capital, worker turnover and discrimination.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

Exercises: 30% of the final marking
Exam: 70% of the final marking
To pass the course, each of these parts must be passed with at least a grade 1.

Workload (valid 01.08.2018-31.07.2020): 

  • Lectures 24h
  • Exercises 12h
  • Preparing for lectures and exam 96h
  • Preparing for exercises 24h
  • Exam 4h

Study Material (valid 01.08.2018-31.07.2020): 

Borjas, George J.  Labor Economics (6th ed)  (2013)

Other readings assigned during the course.

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Two of the advanced Microeconomics courses (31E11000, 31E11100, 31E12000, 31E12100, 31E99906 and 31E13000) and Empirical Methods for Economists (31C01200, 31C99904, 30C00200 or 30C00500).

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Course and exam via WebOodi.