In the process of this lecture
course students will become familiar with the individual decision
making of labour market participants -- workers and firms. From the
perspective of workers such decisions as labour market
participation, the number of working hours, work intensity and the
optimal quit behavior are going to be in the focus of this course.
In addition, the optimal level of employment, worker dismissal
decisions, new hires and vacancies are going to be analyzed from the
perspective of firms. Furthermore, students will learn how these
decisions adjust in response to changes in the economic environment
and government policy. Every productive match between a firm and a
worker results in the specification of the labour contract with an
expected amount of labour services and respective remuneration. This
course will provide students with a useful insight into the process
of wage-setting ranging from the theory of efficiency wages to wage
bargaining. Finally, individual decisions of workers and firms are
aggregated to consider the properties of the labour market, the
equilibrium rates of participation and unemployment, the tightness
of the labour market and wage inequality in a static and a dynamic
framework (see course syllabus for more details).
1. Burdett K., D.T. Mortensen (1998): "Wage differentials,
Employer Size, and Unemployment", International Economic
Review, 39: 257-273.
2. Moen E.R. (1997): "Competitive Search
Equilibrium", Journal of Political Economy, 105(2):
385-411.
3. Mortensen D.T., C.A. Pissarides (1994): "Job Creation and Job
Destruction in the theory of unemployment", Review of
Economic Studies, 61: 397-415.
4. Shapiro C., J.E. Stiglitz (1984): "Equilibrium Unemployment as a
Worker Discipline Device", The American Economic Review,
74(3): 433-444.
Frequency | Weekday | Time | Format / Place | Period |
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Date | Time | Format / Room | Comment about examination |
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Show passed examination dates >>
Module | Course | Requirements | |
---|---|---|---|
31-M-El1 Elective Courses 1 | Gewählte Veranstaltungen aus dem Bereich "Spezialkenntnisse in ökonomischer Theorie und/oder quantitativen Methoden" 4 LP | Student information | |
31-M-El2 Elective Courses 2 | Gewählte Veranstaltungen aus dem Bereich quantitativen Methoden 4 LP | Student information | |
31-M-El3 Elective Courses 3 | Gewählte Veranstaltungen aus dem Bereich ökonomischer Theorie 4 LP | Student information | |
31-M-Micro3 Microeconomics 3 | Microeconomics 3 | Graded examination
|
Student information |
31-MM12 Mikrotheorie und -politik | Arbeitsmarktökonomik | Graded examination
|
Student information |
31-MM12-WiMa Mikrotheorie und -politik | Arbeitsmarktökonomik | Graded examination
|
Student information |
The binding module descriptions contain further information, including specifications on the "types of assignments" students need to complete. In cases where a module description mentions more than one kind of assignment, the respective member of the teaching staff will decide which task(s) they assign the students.
Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
---|---|---|---|---|---|---|---|
Bielefeld Graduate School in Theoretical Sciences / Promotion | |||||||
Economics and Management (BiGSEM) / Promotion | Economics; Field Courses | 4 |
A corresponding course offer for this course already exists in the e-learning system. Teaching staff can store materials relating to teaching courses there: