COURSE INTRODUCTION AND APPLICATION INFORMATION

eco.ieu.edu.tr

Course Name

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
	Fall/Spring

Prerequisites

ECON 211

To succeed (To get a grade of at least DD)

Course Language

Course Type

Elective

Course Level

Mode of Delivery

Teaching Methods and Techniques of the Course

Course Coordinator

Course Lecturer(s)

Assistant(s)

Course Objectives
Learning Outcomes	The students who succeeded in this course; Will be able to explain the dynamics of labor market. Will be able to compare the theories concerning the optimal choice of work and leisure. Will be able to explain the impact of the population and the demographic structure of a nation on its labor market. Will be able to explain why human capital is essential for economies. Will be able to explain the reasons underlying the acquisition of different years of education by individuals. Will be able to analyze the determinants of labor demand, labor supply, and equilibrium in labor markets. Will be able to discuss the role of unions and the importance of collective bargaining in labor markets.
Course Description

Course Category	Core Courses
	Major Area Courses	X
	Supportive Courses
	Media and Managment Skills Courses
	Transferable Skill Courses

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Required Materials
1	Preliminaries	CLE, Chapter 1
2	The Theory of Individual Labor Supply	CLE, Chapter 2
3	The Theory of Individual Labor Supply	CLE, Chapter 2
4	Population, Participation Rates, and Hours of Work	CLE, Chapter 3
5	Population, Participation Rates, and Hours of Work	CLE, Chapter 3
6	Human Capital and Quality of Labor Supply	CLE, Chapter 4
7	Human Capital and Quality of Labor Supply	CLE, Chapter 4
8	Midterm
9	The Demand for Labor	CLE, Chapter 5
10	The Demand for Labor	CLE, Chapter 5
11	Wage Determination and the Allocation of Labor	CLE, Chapter 6
12	Distribution of Income	CLE, Chapter 16
13	Labor Unions and Collective Bargaining	CLE, Chapter 10
14	Economic Impact of Unions	CLE, Chapter 11
15	Government and the Labor Market	CLE, Chapter 13
16	Review of the Semester

Course Notes/Textbooks	McConnell, Brue & Macpherson, Contemporary Labor Economics, 9th Edition, McGraw Hill, 2003, (CLE); Ehrenberg, Ronald and Smith, Robert, Modern Labor Economics, 10th edition, Pearson, 2011, (MLE)
Suggested Readings/Materials

EVALUATION SYSTEM

Semester Activities	Number	Weigthing
Participation	16	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	6	20
Presentation / Jury	1	20
Project
Seminar / Workshop
Oral Exam
Midterm	1	25
Final Exam	1	25
Total

Weighting of Semester Activities on the Final Grade
Weighting of End-of-Semester Activities on the Final Grade
Total

ECTS / WORKLOAD TABLE

Semester Activities	Number	Duration (Hours)	Workload
Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: 16 x total hours)	16
Study Hours Out of Class	16	2
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	6	4
Presentation / Jury	1	20
Project
Seminar / Workshop
Oral Exam
Midterms	1	10
Final Exams	1	16
		Total	150

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made.					X
2	To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education.					X
3	To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.				X
4	To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals.
5	To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6	To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.					X
7	To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies.			X
8	Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction.			X
9	To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10	To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language.		X
11	To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.			X
12	To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest