ECON 463
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Economics of the Labor Market
Economics
College of Family, Home, and Social Sciences
Course Description
Economic analysis and institutional background of labor markets in developed countries, particularly the United States. Typical topics include labor supply and demand analysis, determination of wages and employment, investment in education, wage differences by gender and race, immigration, and unions.
When Taught
Contact Department
Min
3
Fixed
3
Fixed
3
Fixed
0
Title
Benchmark Labor Market Analysis
Learning Outcome
Use standard optimization models to analyze labor supply, labor demand, and their interactions.
Title
Higher Level Labor Market Analysis
Learning Outcome
Use other models to analyze more complex labor market phenomena, such as job search, human capital choices, risky occupations, union wage setting, and behavior under alternative compensation schemes.
Title
Institutions
Learning Outcome
Analyze key U.S. labor market institutions, with a focus on how government programs affect labor supply and wages.
Title
Literature Analysis
Learning Outcome
Evaluate how high quality labor economics empirical research relates to model predictions.
Title
Empirical Research
Learning Outcome
Complete an empirical project demonstrating competence in basic econometric techniques.
