PREREQUISITE: ECON-UA 10 OR ECNM-UB 10 OR ECON-UA 11 OR ECNM-UB 11 OR ECON-UB 1 OR ECON-UA 9010, ALL WITH A MINIMUM GRADE OF C. SAME AS ECNM-UB 351.
Analyzes the functioning of the labor market in both theoretical and statistical terms. Examines the determinants of wage and employment levels in perfect and imperfect labor markets, including the concept of education and training as human capital. Models of labor market dynamics are also examined, including those of job search and matching. The role of public policy in the functioning of labor markets is highlighted throughout.