1. Chapter 1
Introduction

2. Introduction of Labor Economics
What is the meaning of labor force participation (LFP) and unemployment?
How does Thai government determine the minimum wage?
What is the impact of FTA to Thai LFP?
Is a labor union having bargaining power than an employer?
Why does graduation from university have higher pay than graduation from poly-tech institution?

3. Labor Economics 1. Introduction to labor economics 2. Labor Supply
3. Labor Demand
4. Market Equilibrium
5. Human Capital
6. Wage Structure and Wage Differential
7. Labor Mobility

4. 8. Labor Market Discrimination
9. Labor Unions
10. Incentive Pay and Contract
11. Unemployment
12. Globalization of Labor Market and Issues in Thailand’ s Labor Market

5. Positive and Normative
The positive economics identifies the answer by a fact without opinion or value judgment.
The normative economics will use the value judgment to answer the question in terms of “what should be?”.

6. Relationship between Wages, Earnings, Compensation and Income

7. The Markets in which Firms Must Operate

8. Tools for Labor Economics
Graphic
Slope and Elasticity
Calculus, Partial Derivative, Comparative Static
Linear Regression, OLS, STATA
Basic Econometrics
Cross-sectional
Time Series
Panel