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ECON 473. Labor Economics

Credits: 3
Department: Economics
Description: Labor as a factor of production; growth of collective bargaining and labor legislation, and its effects upon society.
Prerequisites: ECON 205, ECON 206
Semester Offered: Spring
Grading Method: ABCDF

Student Learning Outcomes

1. Apply the supply and demand theory in the analysis of the labor market.
2. Analyze the economic decision process behind individual's job search and firms hiring process using compensation wage differentials and human capital models.
3. Identify salary's differences across occupations, geography, industries, and gender.
4. Apply the theory of job mobility and migration to explain the economics behind immigration labor market impact.
5. Evaluate labor market regulations used to correct market failures.

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