Course Description
The application of microeconomics to the study of labor markets. The demand for and supply of labor, compensating wage differentials, human capital investment, alternative compensation policies, unions, discrimination, and unemployment.
Additional Requirements for Graduate Students:
A course project or additional exam will be required of graduate students.
Athena Title
LABOR ECONOMICS
Prerequisite
ECON 4010
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
The class explores labor market behavior in both a theoretical and an empirical setting. Basic microeconomic tools are used to develop an understanding of the two sides of the labor market - workers and firms/employers. The model is then extended to consider the response of the labor market to various forces including minimum wage legislation, immigration policies, education and training of workers, and unions.
Topical Outline
Introduction The Supply of Labor The Demand for Labor Labor Market Equilibrium Government Interventions Immigration Compensating Wage Differentials Human Capital Investment Discrimination The Structure of Compensation Unions
Syllabus