ILRLE 5400 - Labor Economics

Fall or Spring. 3 credits. Letter grades only.

Requirement for M.I.L.R. candidates.

G. Fields.

This is a course in labor market economics for prospective managers in the corporate, union, not-for-profit, and public sectors. The course begins with demand and supply in labor markets, presenting the tools of decision analysis for workers and firms. It then goes on to consider various topics in workplace management including deciding on the optimal mix of capital and labor to employ, attracting and retaining talent, pay and productivity, hiring and training investments, and using strategic budget constraints. The final section of the course covers other important labor market issues including analysis of public policies, unemployment, discrimination, poverty and inequality, and pensions and Social Security.