This is a one term introductory course in Labor Economics. The course begins by discussing the determinants of labor supply. We will consider a simple model of labor supply in which an individual chooses between labor and leisure. In this process we will also try to see how effective some welfare programs are in encouraging work. After this we will turn to the other side of the labor market in which firms decide on their hiring decisions. This will be the study of labor demand. We will discuss how regulations such as the minimum wage affect the hiring decisions of a firm. Additional topics include the study of labor market equilibrium, compensating wage differentials, human capital, and labor market discrimination.
The waitlist is managed according to standard departmental practice.