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Econ450 Syllabus.

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  • September 29, 2014
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Wages and the Labor Market (Econ 450)
Instructor: Chao Fu
Office: 6432 SS, 1180 Observatory Drive
Email: cfu9@wisc.edu
Classes: TuTh 11:00AM - 12:15PM SOC SCI 5106
Office Hours: Thu. 12:15-1:15pm, Fri. 1-2pm
I. Basic Goals:
The object is to provide students with a detailed outline of the basics of labor economics. I will spend most of the time going through the theory and ideas that form the fundamentals of labor economics. However, it is important that students are aware of the simple facts of labor market in the US. Using the theory and facts, it should be possible to evaluate labor market policies.

II. Prerequisite: The course is designed for economics majors and others who are already seriously interested in economics. Economics 301 is a prerequisite. III. Evaluation:
There are two methods used to calculate the course grade; I will choose for you at the end of the term whichever method gives you the higher grade. Method 1 is designed to reward students who show consistent progress throughout the course, while Method 2 rewards those students who show improvement over the semester. Method1:

Quizzes
Homework and participation
First midterm
Second midterm
Final

10%
10%
20%
25%
35%

Date: Sept. 25th, 2014 class time
Date:
Date: Dec. 14th, 2014, 12:25-2:25pm

Method2:
Quizzes
Homework and participation
First midterm
Second midterm
Final

10%
10%
15%
20%
45%

Date: Sept. 25th, 2014 class time
Date:
Date: Dec. 14th, 2014, 12:25-2:25pm

IV. Textbook (required): Labor Economics, George J, Borjas (McGraw-Hill 6th edition) You can also use the 5th edition, which is much cheaper, and the content is much the same.

V. Course outline:
My lecture will be based on the textbook, highlighting fundamentals of labor economics that students should grasp. I plan to cover the following topics, but changes could be made, subject to the progress of the course.

1. The basics
The subject of labor economics
Theory and facts
2. Labor...
Wages and the Labor Market (Econ 450)
Instructor: Chao Fu
Office: 6432 SS, 1180 Observatory Drive
Email: cfu9@wisc.edu
Classes: TuTh 11:00AM - 12:15PM SOC SCI 5106
Office Hours: Thu. 12:15-1:15pm, Fri. 1-2pm
I. Basic Goals:
The object is to provide students with a detailed outline of the basics of labor
economics. I will spend most of the time going through the theory and ideas that form the
fundamentals of labor economics. However, it is important that students are aware of the
simple facts of labor market in the US. Using the theory and facts, it should be possible
to evaluate labor market policies.
II. Prerequisite: The course is designed for economics majors and others who are
already seriously interested in economics. Economics 301 is a prerequisite.
III. Evaluation:
There are two methods used to calculate the course grade; I will choose for you at the end
of the term whichever method gives you the higher grade. Method 1 is designed to
reward students who show consistent progress throughout the course, while Method 2
rewards those students who show improvement over the semester.
Method1:
Quizzes 10%
Homework and participation 10%
First midterm 20% Date: Sept. 25th, 2014 class time
Second midterm 25% Date:
Final 35% Date: Dec. 14th, 2014, 12:25-2:25pm
Method2:
Quizzes 10%
Homework and participation 10%
First midterm 15% Date: Sept. 25th, 2014 class time
Second midterm 20% Date:
Final 45% Date: Dec. 14th, 2014, 12:25-2:25pm
IV. Textbook (required): Labor Economics, George J, Borjas (McGraw-Hill 6th edition)
You can also use the 5th edition, which is much cheaper, and the content is much the
same.