Work Economics and Employment Policy

Degree Program: Social Administration/Social Policy and Administration Pathway (8th semester – compulsory)

Degree Program: Political Science (8th semester – elective)

Teaching hours: 3 per week-ECTS:5

Course Tutor: Ioannidis Alexis, Assistant Professor



Description and Aims:

The lesson explores the functioning of the labour market and the effect of employment policies on it. The labour market and especially the phenomenon of unemployment is initially treated theoretically in the context of the different schools of economic thought and presented from the perspective of its historical evolution, both internationally and domestically. Subsequently the past and current policies to address unemployment and its consequences and to promote employment are examined. This analysis is done from the perspective of both economic and social policy, since employment policy is a field that unites those policies. The aim of the course is to make students aware of the labour market situation in Greece, the causes and incidence of unemployment, policies followed for dealing with it and the current debate about their effectiveness.


• Basic concepts relating to the labour market and the discipline of Labour Economics. The labour supply. Influencing factors, empirical data, reservation wage. Neoclassical and Marxist approach. The demand for labour. Determining factors. Equilibrium in the labour market.

• The phenomenon of unemployment. Definitions of unemployment. Presentation of empirical data on unemployment and their historical evolution in Greece and major countries of the world.

• Integration of unemployment in the basic paradigms of Economic Science. Neoclassical, Keynesian and Marxist approach. Phillips curve, contemporary views on unemployment.

• Employment policy. Concepts and definitions, history. Assigning theoretical views with specific employment policies. European Employment Strategy. The Greek case.

Learning Outcomes:

The course aims to equip students with the necessary theoretical and technical knowledge to understand the operation of the Greek labour market. An additional goal is to link each employment policy with an economic theory from which it derives its legitimacy.


A written examination at the end of the semester (100%).



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