ECN 151A Course Syllabus

ECN 151A Course Syllabus - Syllabus ECN 151A Economics of...

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Unformatted text preview: Syllabus ECN 151A Economics of the Labor Market 4 units UC Davis Summer Session I, 2010 http://sites.google.com/site/eschker J‘JVVLUJ" $318, Lecture MTW 6:10—7:50pm 230 Wellman Discussion R 4:10-5:50pm Hoagland 113 or R 6:10-7:50pm Hoagland 113 Professor: Erick Eschker E—mail: eschker@gmail.com Phone: Not available due to budget cuts Office: SSH 143 Office Hours: MTW 2:30—3:30pm and by appointment Teaching Assistant: Jessamyn Schalier E-mail: jschaller@ucdavis.edu Office: SSH135 Office Hours: MW 5-6 Required Reading: Labor Economics, by George Borjas, Fifth edition, 2010 [earlier editions are also OK, but you are responsible for all problem sets which come from the new edition]; textbook website: httpzzzhighered.mcgraw—hill.costitesZOO73S11366Zstudent viewOZindexhtml; Handouts; Course Web Page. ' Catalog Description: "Theory of labor supply and demand; determination of wages and employment in the labor market. Economic theories of labor unions. Policy issues: labor force participation by married women; minimum wages and youth unemployment; effect of unions on wages.” Prerequisites: ECN 100 (which in turn requires Mathematics 16A-Bor 21A-B). This course relies extensively on intermediate microeconomic theory, and students for whom this background is weak will be at a significant disadvantage. Relationship to ECN151B: The department offers a two course sequence in Labor Economics: ECNlSlA and ECN1518. 151A provides the foundation of labor economics dealing with the theory of labor supply and labor demand. 1518 consists of applications in labor economics. 151A is required to enroll inlSlB. Course Objective: After completing this course you will be able to 1) explain the determinants of labor supply and the household decision to work, including women’s issues, 2) explain the determinants of labor demand, and firm hiring, 3) apply theoretical tools to derive labor market equilibrium and to explain disequilibrium outcomes, 4) understand empirical facts and institutional workings of labor markets, 5) explain the role of government in the labor market and the impact of government intervention such as government welfare assistance and payroll taxes, 6) demonstrate knowledge'of current issues in the labor market, including minimum wage, athlete salaries, executive pay, and immigration, and 7) demonstrate how empirical data is used to answer labor economics questions. Course Grade: The grade for this course is based on three parts: Problem Sets (20%), two midterm exams (20% each), and a final exam (40%). Problem Sets: There will be five Problem Sets. They will be graded with a numerical score and your lowest score will be dropped. Zero credit will be given for homework not turned in. Problem Sets cannot be made up and are due at the beginning of class on June 24, July 1, July 13, July 20, and July 27. Midterm Exams: The Midterm Exams will be Tuesday, July 6 and Tuesday, July 20. No alternate times will be provided. Final Exam: The Final Exam will be Wednesday, July 28. The Final Exam is cumulative with a greater weight on material after Midterm #2. No alternate time will be provided. Make-up exams and special considerations: If you miss an exam you will receive no credit unless a compelling, documented reason is given. I will determine which circumstances are compelling. All grading inquiries must be made to me in writing. Please note that under University Policy, final grades can only be changed due to clerical or procedural error. Accommodations for documented disabilities must be arranged directly with the instructor. An agreement must be reached detailing when and where each exam will be taken, and specifying what additional accommodations (if any) are required. Remember that many difficulties can be avoided if you see me before you miss an assignment. lam far less forgiving once the due date has passed. Cheating: "Formula" sheets are not allowed in‘the exams. Exams are closed book. Anyone caught cheating will be prosecuted to the fullest extent. Internet Access: This course will make much use of the lnternet: Our homepage is at http://sites.google.com/site/eschker/. This page contains important course related information, such as Problem Sets and exam study tips. Please visit it often. 1 check my e—mail quite often. An e-mail question will likely have the greatest chance for a speedy reply. Even if i cannot be found in person, I will usually be able to answer your e—mail messages. Many important and last minute materials may be posted electronically. You should make a point to regularly check this class’ Internet site. I assume you have a functional understanding of, and access to, e-mail and the World Wide Web. If not, please see me or one of the many specialists on campus who can assist you. Course Outline: The following is a guide to the topics we will cover, with corresponding chapters from the text. Adjustments may be made, so check the schedule often. UPDATED SUNDAY JUNE 20 (Check schedule often) Monday, June 21 Lecture 1 Tuesday, June 21 Wednesday, June 23 Thursday, June 24 NO CLASS—HOLIDAY Midterm Examination #1 Lecture 7 Short Run Labor Demand Ch. 3.1-3.2 Lecture 2 Lecture 3 Discussion Introduction/Regression Worker Preferences and Supply Curve and Section Primer Budget Constraint Elasticity Problem Set #1 Ch. 1, Ch. 1 Appendix Ch. 2.1—2.5 _{_Ch.2.6-2.8 Due Monday, June 28 Tuesday, June 29 Wednesday, June 30 Thursday, July 1 Lecture 4 Lecture 5 Lecture 6 Discussion Women’s Labor/Fertility TANF/EITC Life Cycle/Retirement Section V Ch. 2.9/2.14 Ch. 2.10—2.11 Ch. 2.12/2.13 Problem Set #2 Costa 2000 (optional: Meyer and Retirement/SS Due I Rosenbaum 2000) Monday, July 5 Tuesday, July 6 1 Wednesday, July 7 Thursday, July 8 Discussion Section competitive Markets Ch. 4.1-4.4, 4.7, 494.10 L Midterm Examination #2 l_ Differentials/Job Amenities Ch. 5 [ Monday, July 12 Tuesday, July 13 Wednesday, July 14 Thursday, July 15 Lecture 8 Problem Set #3 Due Lecture 10 Discussion Long Run Labor Demand Lecture 9 Affirmative Action/Other Section Ch. 3.3-3.9 Minimum Wage, Living labor demand Topics Wage Ch. 3.11—3.12 Ch. 3.10 F Singell & Terborg 2007; Monday, July 19 Tuesday, July 20 Wednesday, July 21 Thursday, July 22 Lecture 11 Problem Set #4 Due Lecture 12 Discussion Equilibrium/Non— Compensating Wage I Section l Monday, July 26 Lecture 13 ' Athlete Salaries Fort Ch. 6 (pp. 177—205); Eschker et al. 2004; Berri & Eschker 2005 (optional) Tuesday, July 27 Problem Set #5 Due Lecture 14 Hedonic Wages/ Immigration Ch. 4.5, 4.6 Executive Pay Ch. 11.1—11.3 Wednesday, July 28 Final Examination Remember that i am available to help you with the class. if you have any concerns, it is always best to see me earlier rather than later. Don’t hesitate to contact me. ...
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ECN 151A Course Syllabus - Syllabus ECN 151A Economics of...

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