Credit

3.00   (L-T-P:   3-0-0)

Department / Center / School / Unit

Economics

Course Objectives

The primary objective of this course is to provide an introduction to the study of labour markets with particular emphasis on India.

Course Contents

In the first part of the course, we study neoclassical models of labour market and in the second part we introduce search theoretic models. The modules examine how workers, firms, and the government interact in the labour market. The focus here will be on the theories of wage determination, investment in human capital, labour market discrimination, and job search. The course content is based on recent research articles on these topics.

Suggested References

1) Selected chapters from "The Handbook of Labor Economics". Vol. 1, 2, 3. North-Holland
2) Angrist, Joshua, and Jorn-Steffen Pischke. "Mostly Harmless Econometrics: An Empiricist's Companion". Princeton University Press
3) Christopher A. Pissarides. "Equilibrium Unemployment Theory". Second Edition. MIT Press
4) Borjas, George J. "Labor Economics". 7th Edition. McGraw-Hill Education