The course will cover the following topics, of which the order may vary from year to year.
Workers: individual trade-offs between work and leisure; labor supply over the life cycle and retirement decisions; returns to training and education, human capital model, skills and occupational choice.
Firms and labor: minimum wages; automatization; wage-setting and rent-sharing.
Firms and taxation: value added taxes (VAT) and prices; taxation on profits and investment decisions; taxes and management in multinational firms.
Economy: agglomeration economies and market power; business cycles; imperfect information and principal/agent problem.
For many of the topics, theory will be contrasted by empirical evidence.
Knowledge: Upon completion of the course, students will be able to:
develop and apply economic models to understand when and why workers enter & exit the labor market
internalize how decision-making around training and education affect long-run economic opportunities
understand how firms decide on their use of labor and capital in order to produce
explain how taxation both affects firms' decisions, and reveals how firms work
identify factors that affect the allocation of talent in the economy
Skills: Upon completion of the course, students will be able to:
understand, and apply evidence from, empirical economic papers in their professional interests
demonstrate abilities to deliver clear and effective presentations
There must be an early dialogue between the course coordinator, the student representative and the students. The purpose is feedback from the students for changes and adjustments in the course for the current semester.In addition, a digital course evaluation must be carried out at least every three years. Its purpose is to gather the students experiences with the course.