Keio University Syllabus and Timetable

LABOR ECONOMICS A

SubtitleLabor Economics
Lecturer(s)AKABAYASHI, HIDEO; ZHU, XUANLI
Credit(s)2
Academic Year/Semester2023 Fall
Day/PeriodWed.1
CampusMita
Class FormatFace-to-face classes (conducted mainly in-person)
Registration Number27050
Faculty/Graduate SchoolECONOMICS
Department/MajorECONOMICS PEARL COURSE
Year Level3, 4
FieldMAJOR SUBJECTS CORE COURSES : E INDUSTRY AND LABOUR
Course DescriptionThis course introduces theory, evidence, and applications in a wide range of topics in modern labor economics. Upon successful completion of the course, the student would be able to understand the determination of wages and employment and evaluate the role of public policies in labor markets.
K-Number FEC-EC-34142-212-07
Course AdministratorFaculty/Graduate SchoolFECECONOMICS
Department/MajorECECONOMICS
Main Course NumberLevel3Third-year level coursework
Major Classification4Major Subjects Course- Core Course
Minor Classification14Lecture - Industry and Labor
Subject Type2Elective required subject
Supplemental Course InformationClass Classification2Lecture
Class Format1Face-to-face classes (conducted mainly in-person)
Language of Instruction2English
Academic Discipline07Economics, business administration, and related fields

Course Contents/Objectives/Teaching Method/Intended Learning Outcome

This course covers a wide range of topics in modern labor economics with theories and evidence. The aim is to acquaint students with the major issues in labor economics, and to equip them with the economic tools necessary to understand the workings of the labor market. The course will emphasize the interaction between economic theory and empirical work. We will begin by introducing the classic economics of human capital and education, with the applications to schooling, job market signaling, job training, and occupational choice. We will then cover the basic theories and empirics on labor supply, labor demand, and labor market equilibrium, linking to topics such as home production, technological change, and minimum wage. After that, we will consider two alternative frameworks for understanding wage structure: compensating differential and sorting. Lastly, we will study several important issues regarding the labor market: job search and unemployment, institutions and policies, and discriminations. Upon successful completion of the course, the students would be able to link theoretical concepts to real-world labor market phenomena and to utilize appropriate economics tools to analyze them. The course will also prepare students for further study in the field of labor economics.

Course Plan

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Method of Evaluation

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Textbooks

To be announced.

Reference Books

Borjas, George. (2016). Labor Economics 7th edition. McGraw-Hill.
Cahuc, Pierre, Stéphane Carcillo, and André Zylberberg. (2014). Labor economics. MIT press.
Acemoglu, Daron, and David Autor. (2011). Lectures in labor economics. Manuscript.

Lecturer's Comments to Students

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Question/Comments

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