ECON 209 Labor Economics (Not offered 2006-2007)
This course covers basic labor markets and the determination of wages in the
U.S. The determination of wages and employment levels through demand and
supply of labor in competitive and non-competitive markets is the basis for
analyzing the wide range of outcomes we observe in the U.S. Differences in
earnings and employment are analyzed through a variety of mechanisms such as
labor force participation, the role of unions, human capital accumulation and
occupational choices. Topics with important public policy implications such as
discrimination and affirmative action, minimum wages, and immigration will
also be presented. Theoretical models will be presented and critiqued with
empirical evidence from U.S. labor markets.
Format: lecture/discussion. Evaluation will be based on a combination of exams
and short policy papers.
Prerequisites: Economics 110; students who have completed Economics 251
must have permission of instructor. Enrollment limit: 40 (expected: 25).
Preference given to first-year students and sophomores.