Fort Valley State University
Department of Business Administration and Economics
ECON 3393: Labor Economics
MW 12:30 pm – 1:45 pm
Bywaters Building Room 211
Dr. Kristen E. Broady
Bywaters Building Room 207
T Th: 12:00 pm – 4:00 pm or by appointment on Friday Email:
Students obtain knowledge of the organization, functioning, and outcomes of labor markets; the decision of prospective and present labor market participants and the public policies relating to the employment and payment of labor resources. Topics include wage theory and wage differentials, training policy, poverty, unemployment and under unemployment, discrimination, productivity, industrialization and union policies. Student Learning
SLO 1: Demonstrate an understanding of basic labor economics theory, including labor market structures and wage determination. SLO 2: Apply their understanding of theoretical models to analyze trends in data pertaining to topics in labor economics. SLO 3: Apply their understanding of theoretical models to case studies presented in the course. SLO 4: Construct, defend, and analyze important labor policy issues. SLO 5: Comprehend, assess, and criticize existing empirical work in labor economics.
ECON 2105, ECON 2106
Hyclak (2012). Fundamentals of Labor Economics, ISBN: 9781285613246
Although this is not a requirement for this course, you should regularly read one or more publications in economics and business (e.g., The New York Times; The Wall Street Journal; Business Week; Fortune, The Economist; etc.).
Grading and Exams:
There will be one midterm and a final exam - essentially, an exam for each Part of the course. The midterm counts for 100 points; the final exam is 100 points; quizzes count for 30 points [4 quizzes; the 2 highest will be used], homework counts for the remaining 20 points; for a total of 250 points. These weights are fixed - improvement on later exams will not retroactively raise your grades on earlier exams. The midterm and final exams will (i) consist entirely of essay questions that will stress the ability to apply principles of economics developed in the readings and lectures; and (ii) be open-book/open-notes (so that memorization and rote learning will be deemphasized). Grading Standard and Criteria
Final grades will be based on the following scale:
90% and above A
Below 60% Fail
There will be approximately five homework assignments during the semester. Depending upon how good a job you do, your homework will receive a check-plus (4 points), a check (3 points), or a check-minus (2 points) if you turn it in; otherwise you receive 0 points. Late homework loses one point. Late homework is no longer accepted after I pass out my suggested answers for a given assignment.
1. The midterm and final exams (1) consist of essay questions, (2) are open-book/open-notes, (3) do NOT require memorization and (4) emphasize clear thinking and application of economic analysis to economic questions (including questions that may not have been discussed in lectures). 2. Do the required readings in the text BEFORE they are discussed in class -- DON'T wait until exam time rolls around. • Read the text at least TWICE – the material is too complicated to grasp fully after only one reading. • Above all, if you need help, DO ask questions in class and DO go to office hours (preferably, well before exam time). REMEMBER that your tuition will NOT be increased if you go to office hours! • Remember that there will be no makeup...
References: (These may be helpful in connection with the “Exploration Beyond the Classroom” questions)
Encyclopedia, Dictionaries: Encyclopedia of Economics; International Encyclopedia of the Social Sciences; The New Palgrave: A Dictionary of Economics
Newspapers: The Christian Science Monitor; The New York Times; The Wall Street Journal
Magazines, reports on International Economic Policy: Business Week; The Economist; Fortune
*Disclaimers: The instructor reserve the right to adjust the above schedule, procedures and course requirements as needed.
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