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ECON 450

WAGES AND THE LABOR MARKET

3-4 credits.

Economic and institutional forces which determine labor supply and demand; wage theories, wages in the economy, the labor force, unemployment, wages, labor mobility, functioning of labor markets.

Prerequisites & course information

Requisites: ECON 301 or 311 Course Designation: Core GenEd - Social & Behavioral Science Breadth - Social Science Level - Advanced L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Spring 2026 Learning Outcomes: 1. Describe and model how workers make labor supply decisions and how firms make labor demand decisions. Audience: Undergraduate 2. Classify how equilibrium outcomes and policy implications differ by types of labor markets. Audience: Undergraduate 3. Analyze and critique the presentation of labor-market-related issues in social media, news media, and policy debates. Audience: Undergraduate Learning Outcomes: 1. Describe and model how workers make labor supply decisions and how firms make labor demand decisions. Audience: Undergraduate 2. Classify how equilibrium outcomes and policy implications differ by types of labor markets. Audience: Undergraduate 3. Analyze and critique the presentation of labor-market-related issues in social media, news media, and policy debates. Audience: Undergraduate

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