Course Details
Course Outline
5 days course
Introduction to Labor Market Economics
- Definitions and key terms in labour market economics
- Identifying the impact of individuals, firms, and governments on the labour market
- Discovering the structure of the labour market and its implication
- Describing the supply and demand model in the labour market
- Ways of determining relative wages and the role of labour market equilibrium
- Discussing the impact of Covid-19 on labor market
Human Capital Theory and Returns to Education
- Understanding the human capital theory and its application in the labour market
- Recognizing the relationship between education and earning
- Identifying the importance of skill acquisition in the labour market
- Distinguishing between public and private investment in education
- Discussing the importance of training and training programs on human capital skills
- Identifying the impact of education policy on the labour market
Gender and Labor Market Outcomes
- Understanding the theory of discrimination and its impact
- Recognizing gender disparities in wages and employment
- Understand the gender pay gap and its causes
- Discussing the role of policies in reducing gender inequality in the labour market
- Identifying the importance of diversity and inclusion in the workplace
- Real-world examples of discrimination and the gender pay gap
Economics of Immigration
- Understanding the term of Brain Drain
- Discussing the impact of immigration on the labour market of source and destination countries
- Identifying the impact of immigration on wages and employment rates
- Understanding the economic assimilation of immigrants
- Recognizing the impact of public policy on immigration outcomes and labour market integration
- Case studies on immigration and its outcomes on the labour market
Optimal Compensation Systems
- Understanding the theories of agency and efficiency wage
- Recognizing the relationship between salaries and employee productivity
- Identifying the characteristics of an optimal compensation system
- Methods and techniques for designing optimal compensation systems for different types of employment
- Distinguishing between performance-based and incentive-based compensation
- Techniques for assessing pay equity and fairness in compensation systems
