ECON 209 Labor Economics (Not offered 2004-2005)

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.