Course Description
The neoclassical economic theory of the market and nonmarket allocation of individuals' time. Labor demand and supply, human capital investment, unions, discrimination, public sector labor markets, the distribution of earnings and income, and unemployment.
Athena Title
LABOR ECON I
Prerequisite
ECON 8010
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
Using the analytical tools of microeconomic theory and econometrics, the student will acquire an understanding of the theoretical models and empirical evidence that have been developed in the scholarly literature on labor markets. Students will then confirm their knowledge by completing a term project that tests a hypothesis derived from the theory using an appropriate source of data and econometric method.
Topical Outline
Labor Demand Labor Supply Compensating Wage Differential Structure of Compensation Human Capital Investment Discrimination Unemployment
Syllabus