Neoclassical analysis of labour market and its institutions. Topics on labour demand, labour supply, compensating wage differentials, human capital theory, discrimination and earnings differentials. Theories of wage and wage determination. Worker motivation and behaviour. Recent developments in the distribution of wage and salary income and in key institutions and organizational structures. Unemployment, search and turnover.

CILO-1: Identify key points of Neoclassical analysis of labor market and its institutions. CILO-2: Discuss the impact of government policies on labor market outcomes. CILO-3: Evaluate the challenges of designing and implementing effective labor policies. CILO-4: Analyze labor market issues and interpret the results.