Credits: 6

Schedule: 10.04.2018 - 21.05.2018

Teacher in charge (valid 01.08.2018-31.07.2020): 

Tuomas Pekkarinen

Teaching Period (valid 01.08.2018-31.07.2020): 

Not lectured (2018-2019)

Not lectured (2019-2020)

Learning Outcomes (valid 01.08.2018-31.07.2020): 

The students understand the concept and measurement of structural unemployment, how it is explained in macroeconomics, and how it relates to other parts of macroeconomics.

Content (valid 01.08.2018-31.07.2020): 

The course covers main macroeconomic theories of equilibrium unemployment. These include labor union models, search and matching models, and efficiency wage models. Also empirical analysis of the estimation of structural unemployment and factors affecting it will be discussed.

Assessment Methods and Criteria (valid 01.08.2018-31.07.2020): 

  1. Lectures 24h 
  2. Exercises 12h (20% of the final marking)
  3. Exam (80% of the final marking)

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): 

Tito Boeri and Jan van Ours  The Economics of Imperfect Labor Markets  (2008), compulsory

Pierre Cahuc and André Zylberberg  Labor economics , Second Edition  (2014), compulsory


Reading list provided by the lecturer.

Course Homepage (valid 01.08.2018-31.07.2020):

Prerequisites (valid 01.08.2018-31.07.2020): 

Intermediate Macro- and Microeconomics (31C00200 and 31C00100), Mathematics for Economists (31C01100), and Empirical Methods for Economists (31C01200, 31C99904, or 30C00200). 

Grading Scale (valid 01.08.2018-31.07.2020): 


Registration for Courses (valid 01.08.2018-31.07.2020): 

Registration to course and exam via WebOodi.

Further Information (valid 01.08.2018-31.07.2020): 

Recommended as a supplementary macroeconomic theory course.