RL2011A - Professor John Pencavel Autumn 2011-12 Economics...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Professor John Pencavel Autumn 2011-12 Economics 145: Economics of Labor Course Objectives and Requirements The objective of this course is to inform students about some important facts of U.S. labor markets and to use economic principles to organize these facts in a coherent manner. In other words, this course aims to connect economic theory and facts. In many instances, the analysis is presented in a comparative manner: for example, the labor market experiences of women are compared with those for men; outcomes for Whites are compared with those for Blacks; the U.S. is compared with other countries; recent generations compared with earlier generations; and so on. Issues relating to employment, hours of work, and wages will receive special attention. The course builds on and applies the economic principles learned in Econ 50 and 51. The course makes extensive use of the econometric methods taught in Econ 102B. At the end of the course, students should have seen how elementary price theory and statistical procedures help to understand how labor markets function. Some issues in economic policy will be addressed such as the effects of statutory minimum wage legislation, the Earned Income Credit, and the Social Security payroll tax. Courses Economics 50, Economics 51, and Economics 102B are prerequisites for this course. To earn a grade for Econ 145, students must have passed Econ 50, Econ 51, and Econ 102B. All students are advised to review the material from Econ 50 and Econ 102B. Students are expected to know and be comfortable with
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 01/16/2012 for the course ECON 145 at Stanford.

Page1 / 2

RL2011A - Professor John Pencavel Autumn 2011-12 Economics...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online