Labor economics is the study of the behavior of actors in the labor market: enterprises, workers and government. Enterprises as employers and workers as suppliers are the two main actors in the labor market, in addition to the presence of government as the institution of the market. the labor school is operated more smoothly. Labor economics considers the behavior of maximizing the profits of enterprises as well as the behavior of maximizing the interests of workers and the way in which these two actors interact with each other in the labor market. From there, apply these models to the labor market in practice and use them to evaluate the programs and policies of the labor market.
This course will provide models of how business owners make decisions about labor demand, how workers make decisions about labor supply; and how wages and benefits for workers are determined. The main research subjects of Labor Economics are: workers (playing the role of labor supply), enterprises that hire workers (play the role of labor demand) and government (making photo policies affect the labor market).