Labor Economics - ECN 325

The course discusses a group of topics on the microeconomics and macroeconomic aspects of the labor market. It addresses topics of labor supply and labor demand, theories and practice of wage determination, how wage structures and wage differentials develop and evolve, and labor force participation. Economic aspects of labor unions, bargaining theories of wages, minimum wage legislation, labor supply incentives of various welfare programs, occupational licensure, labor mobility, migration, and discrimination theories are issues of interest. Pre-requisites: ECN 211, ECN 212.