Econ Syllabus

I go away spend most of the time going through the theory and ideas that cast of characters the fundamentals of repulse economics. However, it is important that students are aware of the simple facts of cranch mart in the US. Using the theory and facts, it should be possible to measure beat back market policies.II. Prerequisite The carry is designed for economics study and others who are already seriously interested in economics. Economics 301 Is a prerequisite. Ill. Evaluation There are two methods social occasiond to calculate the course grade I will choose for you at the end of the end point whichever method gives you the higher grade. Method 1 Is designed to reward students who sharpen consistent progress throughout the course, while Method 2 rewards those students who surface improvement all over the semester. Methods Quizzes Home wrench and meshing First midterm consequence midterm FinalDate Swept. 25th, 2014 class time Date Date Deck. 14th, 2014, Methods Homewo rk and participation 45% IV. Textbook (required) Labor Economics, George J, Boras (McGraw-Hill 6th edition) You can also use the 5th edition, which is much cheaper, and the content is much the same. V. Course outline My speech communication will be based on the textbook, highlighting fundamentals of advertize economics that students should grasp. I plan to cover the following topics, but changes could be made, subject to the progress of the course. 1. The basics The subject of labor economics conjecture and facts 2.Labor Supply (1) The basic static individual labor supply The labor/leisure choice and indifference curve The budget constraint The hours of work last Income and substitution effects Individual labor supply personal effects of taxes and subsidies (2) Extensions Life cycle labor supply Labor supply over business cycle Retirement Family labor supply Fertility and labor supply 3. Labor Demand Inputs and the production function Employment decision short-run and long-run E lasticity of substitution Derived demand 4. Labor market equilibrium Equilibrium in the competitive labor marketNon-competitive labor markets monopoly and monopoly 5. operate differentials The hedonistic wage function Labor supply and risk asylum and health regulations 6. Human capital Education and income Present value calculations cost and returns to schooling Training Age-earning profile Policy 7. Wage structure Earning diffusion Why do wages differ? Changes in the earning distribution foreign income distribution 8. Labor Mobility Mobility and migration Immigration in the US Models of immigration Benefits and cost of immigration Immigration policy.