Introduction to Labor Economics
Economics 103 and 105 and 12 credits
This course introduces students to the “modern” theory of labour market behavior. Some time will be devoted to the study of empirical evidence (Canadian evidence in particular) supporting or refuting a variety of theoretical propositions. Implications for public policy will be emphasized throughout. Topics to be covered will be selected from the following: demand for labour; supply of labour; wage differentials; investment in human capital; unions and collective bargaining; search models of unemployment; informational asymmetry models of unemployment; and inflation and unemployment trade offs.