* Knowledge of standard labour economic theories
* Understanding of European labour markets and their interaction institutions
* Being able to analyse and report on specific labour market developments
* Being able to analyse and report on the effects of labour market policies

PLEASE NOTE THAT THE INFORMATION ABOUT THE TEACHING AND ASSESSMENT METHOD(S) USED IN THIS COURSE IS WITH RESERVATION. THE INFORMATION PROVIDED HERE IS BASED ON THE COURSE SETUP PRIOR TO THE CORONAVIRUS CRISIS. AS A CONSEQUENCE OF THE CRISIS, COURSE COORDINATORS MAY BE FORCED TO CHANGE THE TEACHING AND ASSESSMENT METHODS USED. THE MOST UP-TO-DATE INFORMATION ABOUT THE TEACHING/ASSESSMENT METHOD(S) WILL BE AVAILABLE IN THE COURSE SYLLABUS.

This course provides an introduction in the economic analysis of labour markets characterised by imperfect competition.
Labour has a number of special features that other goods often do not have. For example, there is strong personal involvement, often in long-term relationships, and human capital cannot easily be transferred. Moreover, the wage is not only the price of labour: it is also the most important source of income. Therefore, labour markets are often characterised by a large number of institutions like social norms, unions, government regulation and social policy.
Using the European experience as background, the interaction between the institutions and the labour market, will be an important theme during the course.

Boeri, T. and J. van Ours (2013), The Economics of Imperfect Labor Markets, 2nd edition, Princeton University Press. Supplemented with some additional academic articles.

Intermediate micro- and macroeconomic courses (for example, the second-year IES courses EBC2010, Microeconomics: Choices, Markets and Welfare and EBC2040, Macroeconomics and Economic Policy). Typical intermediate books are Varian H.R. (2014), Intermediate Microeconomics, A Modern Approach, 9th edition, Norton, New York.
Burda M. and Ch. Wyplosz (2017), Macroeconomics, A European Tekst, 7th edition, Oxford University Press, Oxford.
Exchange students should be majoring in economics, not in business.
An advanced level of English