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Archived Curricula Guide 2011–2012
Curricula Guide is archieved. Please refer to current Curricula Guides
KTALS241 Special Courses in Labor Economics 3–22 ECTS
Organised by
Person in charge
Professor Jari Vainiomäki
Preceding studies
1. Principles of Econometrics 2. Microeconomic Theory (master´s level) 3. Macroeconomic Theory (master´s level)

Learning outcomes

The understand the economics of the labor market.


Theories of the labor market. Econometrics of the labor market. Demand for labor and supply of labor. Imperfect labor markets. Determination of wages and wage differences. Theories of unemployment.Policies to reduce unemployment.

Teaching methods

Teaching method Contact Online
Independent work

There may be courses in Labor Economics lectured in English. To find this out please take a look at the school´s web-pages

Teaching language


Modes of study

1. Lectured course (own exam)
2. Book exams and essays

One book is usually 3 ECTS and a lecture course is usually 6 ECTS. The book exams are based on the literature below. For more information contact the person in charge.

Note: The book exams are available only on predetermined dates. See the exam schedule (tenttiaikataulu) of economics. Prior negotiation (and agreement) with the professor is obligatory.


Numeric 1-5.

Study materials

1. Booth: The Economics of Trade Unions, 1995.
2. Cahuc-Zylberberg: Labor Economics, 2004.
3. Garibaldi: Personnel Economics in Imperfect Labour Markets, 2006 OR Lazear: Personnell Economics, 1995.
4. Layard-Nickell-Jackmann: Unemployment. Macroeconomic Performance and the Labour Market, 2005.
5. Boeri-van Ours: The Economics of Imperfect Labor Markets, 2008.

Belongs to following study modules

School of Management
Special Courses (Economics)
Archived Teaching Schedule. Please refer to current Teaching Shedule.
School of Management