ECON 3400 - Labor Economics

Institution:

Weber State University

Subject:

Economics

Description:

The study of labor economics explores choices made by the two sides of the labor market, employers and workers and how these choices interact in determining wage and employment levels. Hence, an important part of the course consists of a detailed analysis of labor demand and supply. This analysis is followed by a discussion of why the labor market often does not clear, i.e., why we observe unemployment. The analysis focuses on special features of the labor market such as minimum wage, labor unions and efficiency wages. Other topics include the effect of education and training on earnings, the optimal incentive structure of an employment contract and determinants of income inequality.

Credits:

3.00

Credit Hours:

Prerequisites:

A02 26 and ALEKS 65 and APM1 3 and APM2 3 and D01 70 and ECON 102 and ECON 2010 and ECON 202 and MATH 1050 and MATH 1080 and MATH 1090 and MATH 1210

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.weber.edu

Phone Number:

(801) 626-6000

Regional Accreditation:

Northwest Commission on Colleges and Universities

Calendar System:

Semester

General Education

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