ECO 321 LABOR ECONOMICS
This is a course in the economics of labor markets. The course develops theory regarding labor demand, labor supply, equilibrium outcomes in the market for labor services and public policy affecting labor markets. It also recounts for modification of traditional wage theory. Economic aspects of labor unions, bargaining theories of wages, minimum wage legislations, labor supply incentives of various welfare programs, occupational licensure, labor mobility, migration and discrimination theories are issues of interest. Applied Microeconomics.
Prerequisite
ECO 111 and ECO 311 or permission of instructor.