Introduction:

The program is designed to provide participants with a comprehensive understanding of the economic principles and theories that govern the functioning of labor markets. Topics covered in the program include labor demand and supply, wage determination, labor market discrimination, unemployment, and labor market policy.

Objectives:

• Understand the economic principles and theories underlying the functioning of labor markets

• Analyze labor market data and interpret labor market trends

• Understand the factors that determine labor demand and supply

• Understand the determinants of wages and wage differentials

• Understand the causes and consequences of unemployment

• Understand the impact of labor market policies on labor market outcomes

Target Audience:

The program is designed for professionals with an interest in labor markets, including:

• Human resource professionals

• Economic analysts and consultants

• Government officials and policy makers

• Academics and researchers in economics and related fields

• Business leaders and managers

Outlines:

Day 1:

Introduction to labor economics, including the basic concepts and theories of labor demand and supply

• Introduction to labor economics and key concepts such as human capital, labor supply and labor demand, and labor market equilibrium

• Overview of the labor market data and the main trends in the labor market.

• Overview of the main theories of labor demand and supply and their applications in the labor market analysis

Day 2:

Analysis of labor market data, including the interpretation of labor market trends and the use of labor market indicators

• Analysis of labor market data, including the interpretation of labor market trends and the use of labor market indicators

• Analysis of the labor market data such as employment, wages, productivity, and unemployment.

• The use of econometric methods to analyze the labor market data

Day 3:

Determinants of wages, including wage differentials and the impact of education and skill on wages

• Determinants of wages, including wage differentials and the impact of education and skill on wages

• Analysis of the wage differentials across the labor market

• The impact of education, skills, and experience on wages

Day 4:

Causes and consequences of unemployment, including the impact of labor market policies on unemployment

• Causes and consequences of unemployment, including the impact of labor market policies on unemployment

• Analysis of the unemployment rate and its determinants

• Overview of the main labor market policies and their impact on the labor market outcomes

Day 5:

Review and synthesis of key concepts and tools, action planning for labor market policy, and program evaluation

• Review and synthesis of key concepts and tools

• Action planning for labor market policy

• Program evaluation