Week 1, Janury 14: Introduction to Labor Markets

Start Chpts. 1, 2, 15

Hand Out Problem Set 1

PowerPoint: Overview

PowerPoint: Labor Market Definitions and adjustments


Week 2, January 21: Unemployment and Labor Market Flexibility

Complete Chpts. 1,2,15, Start Chpt. 3

Wall Street Journal article on Downward Mobility: How do Wages Adjust?

PowerPoint: Unemployment defined

PowerPoint: Comparison with Europe--the role of employment protection legislation

Problem Set 1 due on January 24

Hand out Problem Set 2


Week 3, January 28: Short-run Demand

Complete Chpts. 3,15

PowerPoint: Short-Run Demand

PowerPoint: What pay is Fair Pay?

PowerPoint: Can Labor Productivity Cause Unemployment?

WSJ 2-24-2005 "As Tech Matures, Workers File A Spate of Salary Complaints"

Problem Set 2 due on January 31

Hand out Problem Set 3


Week 4, February 4: Long-Run Demand, Complements and Substitutes, International Competitiveness

Chpt. 3, 4, 5:pp.131-143

PowerPoint: Long-Run Demand

PowerPoint: Wages and International Competitiveness

WSJ 6-11-2003 "New Recipe for Costs Savings: Replace Highly Paid Workers"

Cost structure at GM and Toyota

WSJ 10-10-2003 "Skilled Workers Mount Opposition To Free Trade, Swaying Politicians"

Changes in hours of work across countries

Problem Set 3 due on February 7

Hand out Problem Set 4


Week 5, February 11: Overtime and Hours Restrictions, Monopoly, Monopsony, Own-Wage and Cross-Price Elasticities

Chpts. 4, 5:pp.131-143; 158-159

Overtime Example

            Overtime EXCEL file

PowerPoint: Monopsony in sports

PowerPoint: Own and Cross Price Elasticities of Labor Demand

Problem Set 4 due on February 14

Hand out Problem Set 5


Week 6, February 18: Minimum Wages, Two-Sector Models, Laws of Derived Demand, Inequality, Capital-Skill Complementarity

Chpts. 4, 5:pp.131-143; 158-159; 14

PowerPoint: State, National and International evidence on Minimum Wages

PowerPoint: National and International evidence on Inequality

Problem Set 5 due on February 21


Week 7, February 25: Wrap up Labor Demand and Inequality, Introduce Labor Supply, Midterm 1

Start Chpt. 6

PowerPoint: Labor Supply Facts

Thursday February 28: Midterm 1 Covers Chpts 1-5, 14, 15

 


Week 8, March 3: REVIEW EXAM, CONTINUE LABOR SUPPLY INTRO


Week 9, March 10: Introduction and applications of the Labor-Leisure model

Chpts. 6,7

PowerPoint: Labor Leisure Model Applications

Hand out Problem Set 6


Week 10: Spring Break.  Please Drive Safely


Week 11, March 24: Social Security, Unemployment Insurance, Household Production, Life-Cycle Labor Supply

Chpts. 6,7

PowerPoint: Life Cycle Model

PowerPoint: Household Production

Problem Set 6 due March 27


Week 12, March 31: Human Capital, Turnover, Education, Internal Labor Markets

Chpts. 5,9

PowerPoint: Human Capital INTRO

PowerPoint: Turnover and Internal Labor Markets

PowerPoint: Present Value

Hand Out Problem Set 7


Week 13, April 7: Public and Private Educational Investments and Returns, Migration, Screening

Chpts. 5,9, 10

PowerPoint: Education

PowerPoint: Migration

PowerPoint: Screening

Problem Set 7 due April 10

Hand Out Problem Set 8


Week 14, April 14: Compensating Differentials, Risk, Quality of Life, OSHA

Chpts. 8, 11

PowerPoint: Compensating Differentials

            Problem Set 8 due April 17

Hand out Problem Set 9


Week 15, April 21: Complete Compensating Differentials, Benefits, ERISA, Cafeteria Plans, Deferred Compensation, Tournaments, MIDTERM II

PowerPoint: Benefits

            Chpts. 8, 11

            Problem Set 9 due April 22


Week 16, April 28: Complete Deferred Compensation and Tournaments, Discrimination

Anti Discriminatory Legislation

 

PowerPoint: Discrimination

 

Chpts. 11, 12


Week 17, Final,  Cumulative