9 - 13 Jun 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
Labor Economics is a critical field of study that explores the dynamics of labor markets, the behaviors of employers and employees, and the factors that influence employment, wages, and productivity. As economies evolve and industries change, understanding labor economics becomes essential for businesses, governments, and policymakers to design effective labor policies, foster economic growth, and promote fair labor practices.
This training program delves into the fundamental principles of labor economics and addresses key issues such as labor supply and demand, wage determination, the role of labor unions, and the impact of technology on employment. It also examines the social and economic factors influencing the labor force, including demographic shifts, education, and skills development, as well as the global trends that are reshaping labor markets.
Participants will gain a comprehensive understanding of how labor markets operate and the challenges associated with employment, unemployment, and wage inequality. The course will also provide insights into policy responses aimed at improving labor market outcomes, particularly in terms of productivity, workforce development, and inclusive growth. By the end of the program, participants will be equipped with the analytical tools and practical knowledge needed to navigate the complexities of labor economics in today’s world.
To provide a comprehensive understanding of labor market dynamics and the key theories in labor economics.
To explore the determinants of labor demand and supply, and how these factors affect employment levels and wages.
To analyze wage determination, wage disparities, and labor market segmentation.
To examine the role of labor unions, collective bargaining, and labor market regulations.
To study the effects of technological change, globalization, and immigration on labor markets.
To investigate the impact of education, skills development, and demographic trends on labor supply.
To assess labor policies, including minimum wage laws, social protection, and employment incentives.
To develop practical skills for evaluating labor market data and trends for policy or business strategy development.
Human Resources Professionals
Labor Market Analysts
Economists and Researchers
Government Officials in Labor and Employment Sectors
Business Leaders and Corporate Strategists
Trade Union Representatives
Policy Makers in Social and Economic Planning
Employment and Career Development Professionals
Day 1:
Introduction to Labor Economics and Labor Market Dynamics
Overview of Labor Economics: Key Concepts and Theories
Labor Demand and Supply: Factors Affecting Labor Markets
The Role of Employment Elasticity in Labor Economics
Understanding the Determinants of Labor Demand and Supply
Case Study: Analysis of Local Labor Markets and Employment Trends
Hands-On Exercise: Exploring the Relationship Between Labor Supply and Demand
Day 2:
Wage Determination and Labor Market Inequality
Wage Theory: How Wages are Determined in Competitive and Non-Competitive Markets
Wage Inequality: Causes and Consequences
Labor Market Segmentation: The Impact of Gender, Race, and Education on Wages
Collective Bargaining and the Role of Labor Unions in Wage Determination
Case Study: Analyzing Wage Disparities in Different Industries and Occupations
Hands-On Exercise: Building a Wage Determination Model
Day 3:
Labor Market Policies and Regulations
The Impact of Minimum Wage Laws on Employment and Wages
Labor Market Regulations: Social Protection, Labor Rights, and Employment Benefits
Evaluating the Effectiveness of Employment Policies in Different Countries
The Role of Active Labor Market Policies: Training Programs, Employment Services, and Incentives
Case Study: Policy Responses to Unemployment and Wage Inequality
Hands-On Exercise: Assessing the Impact of Labor Market Policies in Real-World Scenarios
Day 4:
The Impact of Technology, Globalization, and Immigration on Labor Markets
How Technological Change is Reshaping Employment and Skills Demand
Globalization and Its Effects on Labor Markets: Outsourcing, Offshoring, and Migration
The Economics of Immigration: Impacts on Native Employment, Wages, and Productivity
Case Study: The Role of Technology in the Future of Work
Hands-On Exercise: Analyzing the Economic Impact of Immigration and Globalization on Labor Markets
Day 5:
Education, Skills Development, and Workforce Productivity
The Role of Education and Training in Labor Market Success
Skills Mismatch and Its Effects on Employment and Wages
Workforce Development Strategies: Enhancing Productivity and Competitiveness
Demographic Shifts and Their Influence on Labor Supply and Demand
Case Study: Workforce Development Programs for Improving Labor Market Outcomes
Final Exercise: Developing a Labor Economics Strategy for Workforce Productivity and Economic Growth