Course objectives (competencies): Upon completion of the teaching and placement of this subject, students should be able to: - Adopt the analytical framework of the labor economics and benchmarks as a discipline, individual approaches and practical economic and social implications;
- Understand labor supply determinants, individual, sector and aggregate;
- Pay attention to the determinations of labor, population and time allocation;
- Define the concepts of investing in human capital;
- Understand the determinants of short-term labor requirements in different market structures (state of advantage);
- Master the dominant concepts of the functioning of the labor market-
- Competitive structures, balancing.
- Understand the implications of trade union organization on the labor market and efficiency;
- Understand the aggregate aspects of demand, wages and inflation;
- Understand the principles of labor market regulation, the state, legislation and regulation;
- Master the dominant theoretical approaches in explaining unemployment.
- Master the conceptual frameworks of individual approaches and policies of employment and policies for solving the problem of unemployment; the implications of individual policies in the short and long term;
- Analyze the current situation on the labor market in the Republic of Macedonia
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