ECON482 REVIEW TOPICS IN ECONOMICS
| Course Code: | 3110482 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. İBRAHİM SEMİH AKÇOMAK |
| Offered Semester: | Once in several years. |
Course Objectives
This course intends to cover theory and emprics on the technology, globalization and labour market link. We will start by setting the stage with theory: how does technology affect labour markets? We will specifically look at skill-biased technical change and task framework. Then we will look at the recent evidence on both developed and developing countries. We will specifially devote several weeks on the impact of robots and AI on labour market taking the later discussion (AI and labour market) beyond economics.
Course Content
Scope and method, micro vs. macro, equilibrium and stability, markets and prices, expectations, technological equity vs. efficiency, time in economics, rationality.
Course Learning Outcomes
Upon completing the course, the students should be familiarized with the how technology affects labour market, the mechanisims that explain the link, the emprical evidence from various countries and the specific implications of robots, AI and labour.