Econ Syllabus

I leave spend most of the term going through the theory and ideas that form the fundamentals of industry economics. However, it is of import that students ar aware of the simple facts of labor market in the US. using the theory and facts, it should be possible to evaluate labor market policies.II. demand The course is designed for economics majors and others who are already gravely interested in economics. Economics 301 Is a prerequisite. Ill. Evaluation There are two methods used to calculate the course grade I will choose for you at the end of the term whichever method gives you the higher grade. rule 1 Is designed to reward students who show consistent progress passim the course, while Method 2 rewards those students who show improvement over the semester. Methods Quizzes training and participation First midterm Second midterm FinalDate Swept. 25th, 2014 class time Date Date Deck. 14th, 2014, Methods Homework and participation 45% IV. Textbook (required) trade union movement Economics, George J, Boras (McGraw-Hill 6th edition) You can also use the 5th edition, which is much cheaper, and the contentedness is much the same. V. Course outline My lecture will be base on the textbook, highlighting fundamentals of labor economics that students should grasp. I excogitate to cover the following topics, but changes could be made, subject to the progress of the course. 1. The bedrock The subject of labor economics Theory and facts 2.Labor Supply (1) The basic electrostatic individual labor supply The labor/leisure choice and flatness curve The budget constraint The hours of work decision Income and substitution effectuate Individual labor supply Effects of taxes and subsidies (2) Extensions Life cycle labor supply Labor supply over business cycle loneliness Family labor supply Fertility and labor supply 3. Labor invite Inputs and the production run away Employment decision short-run and long-run duck soup of substitution Derived demand 4. Labo r market equilibrium Equilibrium in the competitive labor marketNon-competitive labor markets monopoly and monopoly 5. Wage differentials The hedonistic wage function Labor supply and risk Safety and health regulations 6. Human crown Education and income Present value calculations Costs and returns to schooling Training Age-earning compose Policy 7. Wage structure Earning distribution Why do payoff differ? Changes in the earning distribution International income distribution 8. Labor Mobility Mobility and migration in-migration in the US Models of immigration Benefits and costs of immigration Immigration policy.