Eco 344h5: Labour Economics and Market FrictionsEssay Preview: Eco 344h5: Labour Economics and Market FrictionsReport this essayECO344H5: Labour Economics and Market FrictionsTh, 1:10am-3:00pm, IB 140Winter term, 2017Instructor: Laura TurnerEmail: [email protected] hours: 3:15-5:30pm, Th, Rm. 3262 Innovation Complex(Office hours will be moved to Monday at the same time in Weeks 6 and 10)RECCOMENDED COURSE READINGS:Benjamin, Gunderson, Lemieux, Riddell. Labour Market Economics, 7h EditionPREREQUESITES:ECO200Y5/204Y5/206Y5, 220Y5/227Y5/STA(250H1,257H5)/STA(257H5,261H5)/STA(257H5,248H5/258H5)Prerequesites are strictly enforced. Students who do not meet prerequsites can be removed at any time.SCHEDULE OF CLASSES AND READINGS:Week 1 – Jan 5 2017Course introduction: review of Labor supply in competitive labor marketsWeek 2 – January 12, 2017Review of labor demand in competitive labor markets.Week 3 – January 19, 2017Union wage setting IWeek 4 – January 26, 2017Union wage setting IIWeek 5 – February 2, 2017Wages and employment under monopsonyWeek 6 – February 9, 2017In class test #1 on unions and monopsony; Introduction to unemploymentSTUDY BREAKWeek 7 – February 23, 2017Unemployment, wages and job search
Week 8– March 2, 2017Search and non- search theories of unemploymentWeek 9 – March 9, 2017Unemployment, wages and wage dispersionWeek 10– March 16, 2017In class test #2 on unemployment; Introduction to dynamic labor supplyWeek 11– March 23, 2017Term essay drafts due for feedback; Life cycle labor supply I: Income and substitution effectsWeek 12– March 30, 2017Life cycle labor supply II: Human capital; essay drafts returned.Week 13 – April 5, 2017No class; Term essay due onlineAPRIL 6-22: FINAL EXAM, DATE TBAGRADINGIn class tests (best one of two): 35% + 1% (2%) bonus for scoring at least 40% (60%) on bothTerm essay: 30%Final exam: 35%A hard draft of the term essay may be handed in two weeks in advance of the due date (by 5:30pm on March 23) for feedback on the writing and quality of the economic argument. Drafts, annotated with feedback, will be returned in class the following week. Late essays (essays submitted after midnight on April 5, 2016) will be penalized at a rate of 4% per day, including weekends. Final essays must be submitted through Turnitin (see below). Late essays can be submitted electronically at any time.
This draft has been selected by the PEN’s labor market expert, William C. McClellan.