Economics of Labor

Course content

This course will involve the systematic economic study of human behavior regarding labor market operations. How labor markets operate in theory and in practice will be carefully examined. A wide range of topics and issues will be covered throughout the semester. The subjects to be discussed include; wage determination, worker productivity, labor supply and demand, employment and output, occupational choice, unemployment, unionization, discrimination, poverty, and some others. In short, since everyone sells their labor resources to earn a living, it is important to understand how the labor market operates. The ultimate goal in the course is to develop a critical understanding of how to evaluate labor market policy.