Requirements

• You should have an interest in the fundamentals of labour economics
• An interest in understanding key labour market participants
• the objectives of labour market policies
• and the fundamentals of labour supply and demand

Description

Description

Take the next step in your career! Whether you’re an up-and-coming professional, an experienced executive, aspiring manager, or a budding economist, this course is an opportunity to deepen your understanding of labour economics, enhance your analytical skills, and make a positive and lasting impact in your organization or field.

With this course as your guide, you learn how to:

● All the basic functions and skills required for understanding labour market dynamics and economic principles.

● Objectives, Introduction, and key concepts of labour economics, including the types of labour markets, the role of various stakeholders in the labour market, and the objectives of labour market policies.

● Get access to recommended frameworks and resources for detailed information related to labour market analysis and economic principles.

● Learn about labour market dynamics, understanding employment trends, wage determination, and the application of key economic frameworks and models in labour economics.

● Invest in your understanding of labour economics today and reap the benefits of enhanced insights and career growth for years to come.

The Frameworks of the Course

● Engaging video lectures, case studies, assessments, downloadable resources, and interactive exercises. This course is designed to teach the objectives, introduction, and key concepts of labour economics, including labour market dynamics, wage determination, and employment trends.

● Labour market dynamics, understanding employment trends, factors influencing wage determination, and analyzing key labour market indicators. Preparing reports on employment statistics, wage data, and the impact of labour market policies.

● The course includes multiple case studies, resources such as frameworks, templates, worksheets, reading materials, quizzes, self-assessments, and assignments to enhance and deepen your understanding of labour market analysis, employment trends, and wage dynamics in detail.

In the first part of the course, you’ll learn the objectives, introduction, and key concepts of labour economics, including the types of labour markets, the role of various stakeholders, and the fundamental principles of employment and wage determination. Part 1: BASICS OF LABOUR MARKET ANALYSIS.

● In the middle part of the course, you’ll develop an understanding of employment trends, wage determination factors, and labour market policies. You will explore topics such as the impact of economic changes on employment, analysis of wage structures, and the role of various economic and policy factors in shaping labour markets.

● In the final part of the course, you’ll deepen your knowledge of evaluating labour market policies, analyzing employment data, and understanding the limitations of economic models in labour economics.

Course Content:

Part 1

Introduction and Study Plan

● Introduction and know your Instructor

● Study Plan and Structure of the Course

1. Introduction to Labour Economics

● Definition and Scope

● Historical Development

● Labour Markets and Institutions

● Basic Concepts

● Data and Measurement

2. Labour Supply and Demand

● Labour Supply Theory

● Labour Demand Theory

● Equilibrium in Labour Markets

● Elasticity of Labour Supply and Demand

● Labour Market Participation

3. Wage Determination and Compensation

● Wage Theories

● Wage Structures

● Compensation Packages

● Minimum Wage and Living Wage

● Wage Differentials

4. Labour Market Policies and Institutions

● Labour Laws and Regulations

● Unions and Collective Bargaining

● Employment Protection Legislation

● Labour Market Flexibility

● Social Security Systems

5. Unemployment and Labour Market Dynamics

● Types of Unemployment

● Unemployment Measurement

● Causes of Unemployment

● Policies to Reduce Unemployment

● Labour Market Dynamics

6. Labour Economics and Globalization

● Global Labour Markets

● International Labour Standards

● Migration and Labour Markets

● Offshoring and Outsourcing

● Global Economic Shocks

7. Labour Economics and Economic Growth

● Labour Productivity

● Human Capital Development

● Innovation and Labour Markets

● Labour Market Policies and Growth

● Long-Term Trends

Assignments

• Assignment 1: Labour Supply and Demand. Objective: To assess students' understanding of fundamental Labour Supply and Demand concepts and their ability to apply these concepts to real-world labour market scenarios.

• Project: Exploring Behavioral Finance: Understanding and Applying Psychological Insights to Financial Decision-Making

• Assignment 2: Labour Market Policies and Institutions. Objective: To assess students' understanding of Labour Market Policies and Institutions concepts and their ability to analyze and implement these policies effectively.

• Project: Nudging and Behavioral Interventions

Who this course is for:

• Professionals with knowledge of labour market concepts who want to see themselves well-established in the basics of labour supply and demand
• wage determination
• and employment trends.
• New professionals who are looking to achieve success in analyzing labour market data
• understanding employment trends
• and applying various methods in labour economics.