Labor Economics and Policy
The field of Labor Economics applies microeconomic analysis to important social issues and public policies involving demand and supply for labor services, wage differentials, and unemployment. A partial list of policies would include welfare policy, minimum wages, overtime rules, layoff restrictions, education, job safety, wage subsidies, gender and racial discrimination and wage differentials, geographic, industrial, occupational worker mobility, and unemployment insurance.
The main objective of this course is to introduce students to standard topics in the field with particular emphasis on policies which affect the functioning of labor markets. The course will also present labor market statistics and discuss empirical studies related to labor economics. At the end of the course, students will be able to:
- Understand the functioning of labor markets
- Analyze the effects of labor market policies
- Interpret labor market related statistics and empirical studies.
Course grade is based on a final exam to be held on a date to be announced. There will also be a set of sample questions similar in format and style to those on the final.
Microeconomics for Economic Policy