Not too easy. Not too difficult.
We will also examine labor market discrimination against minorities and women, the causes of increasing income inequality in the US and some other countries, the effects of immigration and technological change, and the consequences of declines in fertility on labor supply and demand in developed and developing countries.
Students will be expected to read the assignment for each class before the class, and then to participate actively in the class discussion. I will also cold-call on students. Problem sets should be turned in at the beginning of class on the day they are due. There will be a 20 point penalty for problem sets turned in at the end of class. Answers to the questions will be worth a total of 5% of the course grade. The midterm will cover material from the beginning of the course. The final exam will cover all course material, but with more emphasis on material after the midterm. Both tests will be in class and closed book. There will be no extra credit assignments
Hours per week:
Advice for students:
This course will use models of labor supply and demand to analyze the effects of taxes, welfare and pension programs, minimum wages, unions, monopolies, and business cycles on hours worked, wages, and unemployment.