2019-2020 Undergraduate Academic Catalogue 
    Jul 06, 2022  
2019-2020 Undergraduate Academic Catalogue [ARCHIVED CATALOG]

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EC 480 - Labor Economics

(3.00 cr.)

Individuals make decisions on how much to work, where to work, and how to utilize the earnings from their labor. Firms develop compensation systems and make hiring decisions to efficiently extract the most from their workers, and governments make decisions on what policies are required to regulate the labor market. At a micro level, these decisions determine a family's financial resources, whether college is a good investment, and whether women face wage discrimination. At a macro level, these decisions determine the level of poverty, inequality, unemployment, and the generosity of the social safety net. This course introduces students to economic analysis of these decisions and their outcomes. Topics include wage determination and structure; human capital theory and returns to education; unemployment and search theory; unions; immigration; minimum wage; and social assistance programs.

Prerequisite: EC 102 .
Recommended Prerequisite: EC 103 , EC 302 .
Sessions Typically Offered: Varies
Years Typically Offered: Varies

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