50:220:313 (3 credits)
Instructor contact information:
Joseph Shinn, Ph.D.
Adjunct Assistant Professor of Economics
Armitage Hall, Room 332
311 North 5th Street
Camden, NJ 08102, USA
Phone: (856) 225-6290
Email: firstname.lastname@example.org (preferred method of contact)
Principles of Microeconomics and Principles of Macroeconomics
Modern Labor Economics: Theory and Public Policy, 12th Edition By Ronald Ehrenberg and Robert Smith. Taylor & Francis Publishing, 2016, ISBN # 978-0-13-346278-4.
Examines the nature of labor market equilibrium. Topics include fertility and migration, the allocation of time and occupational choice, human capital, and discrimination. After taking this course, students will be able to understand, apply, comprehend, investigate, construct and evaluation a variety of economics topics that relate to the labor market.
This course will study the theories of labor markets. Covered topics include:
- An overview of the labor market.
- Theories of labor supply and labor demand.
- How labor supply and demand are affected by changes in pay.
- Household production.
- Wage differentials and the impacts of training, immigration, discrimination, and productivity on pay.
The Course Grade will be determined by the following:
- Problem Sets:25%
- Midterm Exam:35%
- Cumulative Final Exam:40%
- A 90+
- B+ 85% – 89.99
- B 80% – 84.99%
- C+ 75% – 79.99
- C 70% – 74.99%
- D 60% – 69.99%
- F Below 60%
Sets of problems will be given throughout the semester as we get to certain points in the material. The questions will be chosen from the book. No late submissions will be accepted. If you do not hand in the assignment on time, you will receive a zero.
The exams will be given on the assigned days. The midterm will be worth 35%. The final exam is worth 40% and is cumulative, with emphasis on the 2nd portion of the class.
- Missing an exam is serious.
- Midterm Exam – The midterm is a take-home exam. No make-up exams will be administered if a midterm is missed. Excused absences for the midterm will be granted only for students with acceptable written documentation of hospitalization, etc. Students missing a midterm without a valid documented reason will receive a zero. The weight of the midterm in the grade calculation will fall on the final exam if a midterm is missed for an excused reason.
- Final Exam – The final exam is worth 40% and is cumulative, open book, with emphasis on the 2nd portion of the class.
- Do not make plans to leave campus before the final exam. Everyone is to take the final exam at the same time according to the University’s posted schedule for final exams.
The consequences of scholastic dishonesty are very serious. You are responsible for reading and understanding our policy on academic integrity policy, available from the Rutgers Academic Integrity website. Academic integrity means, among other things, that all Rutgers students are required to:
- properly acknowledge and cite all use of the ideas, results, or words of others
- properly acknowledge all contributors to a given piece of work
- make sure that all work submitted as his or her own in a course or other academic activity is produced without the aid of unsanctioned materials or unsanctioned collaboration
- treat all other students in an ethical manner, respecting their integrity and right to pursue their educational goals without interference. This requires that a student neither facilitate academic dishonesty by others nor obstruct their academic progress
Students with Disabilities
Students who have a diagnosed disability on file with the Office of Disability Services are eligible for accommodations, as specified by the University. Please contact the Office of Disability Services at 856-225-6442 if you need to begin the process of receiving accommodations. Students who do not have a letter of accommodation from the university will not be eligible to receive accommodations in this course.
Course Topics – Covered in the following order
Part I: Introduction
Chapter 1: Introduction
Chapter 2: Overview of the Labor Market
Part II: Supply and Demand of the Labor Market
Chapter 3: The Demand for Labor
Chapter 4: Labor Demand Elasticities
Chapter 5: Frictions in the Labor Market
Chapter 6: Supply of Labor to the Economy: The Decision to Work
Chapter 7: Labor Supply: Household Production, The Family, and the Life Cycle
Part III: Wages and Training
Chapter 8: Compensating Wage Differentials and Labor Markets
Chapter 11: Pay and Productivity: Wage Determination Within the Firm
Chapter 9: Investment in Human Capital: Education and Training
Part IV: Other Topics (Will get through as many chapters as possible, time permitting)
Chapter 10: Worker Mobility: Migration, Immigration, and Turnover
Chapter 12: Gender, Race, and Ethnicity in the Labor Market
Chapter 13: Unions and the Labor Market
Chapter 14: Unemployment
Chapter 15: Inequality in Earnings
Chapter 16: The Labor Market Effects of International Trade and Production Sharing