ECO 433 - Labor Economics

This course examines various types of labor-market data; such as earnings, unemployment, and labor-force participation. It explores theories of labor demand, labor supply, and human capital. This course examines some of the important factors that make labor markets unique; such as matching, implicit contracts, and bargaining power. Theories explaining significant differences in earnings (e.g., hedonic wages and discrimination) are developed. Income inequality and the effects of international trade are examined. Throughout the course, the effects of important public policies (e.g., minimum wage laws, taxes, and various forms of social insurance) are explored. Empirical evidence is also emphasized throughout the course.

General Education Requirements: Ethics

Prerequisites: A grade of C- or better in ECO 120, ECO 121 and ECO 350 or ECO 420

Course Typically Offered: Spring, Alternating Years

Credits: 3