LABOR ECONOMICS Ning Guangjie 7el:23504565 E-mail:seanning@eyou.com
1 LABOR ECONOMICS Ning Guangjie Tel: 23504565 E-mail:seanning@eyou.com
Chapter 1 INTRODUCTION 1. 1 What does labor economics study? Labor economics studies how labor markets work Such as labor force participation, the firms demand for the high-skill workers, wage determination, the human capital investment, the labor mobility, the labor market discrimination trade Unions and unemployment
2 Chapter 1 INTRODUCTION 1.1 What does labor economics study? • Labor economics studies how labor markets work. • Such as labor force participation, the firm’s demand for the high-skill workers, wage determination, the human capital investment, the labor mobility, the labor market discrimination, trade Unions and unemployment
The actors in the labor market workers(utility maximum), firms(profit maximum)and government(influence the supply and demand or change the rules of the game) Learning labor economics can help you have a better understanding of the real labor economic problems and predict the labor market outcomes
3 The actors in the labor market: workers(utility maximum), firms(profit maximum)and government(influence the supply and demand or change the rules of the game) Learning labor economics can help you have a better understanding of the real labor economic problems and predict the labor market outcomes
1.2 Theory and facts The theory helps us understand how the facts are generated, and where the facts can help shape our thinking about the way labor markets work Model: simplify; The realism of assumption to the extent to which it helps us understand and predict how labor markets work
4 • The theory helps us understand how the facts are generated, and where the facts can help shape our thinking about the way labor markets work. • Model: simplify; The realism of assumption to the extent to which it helps us understand and predict how labor markets work. 1.2 Theory and facts
1.3 The organization of the course Chapter 2 Labor supply Chapter 3 Labor Demand Chapter 4 Labor Market Equilibrium Chapter 5 Human Capital Chapter 6 Contract and Work Incentive · Chapter7 Trade Union Chapter 8 Labor mobility Chapter 9 Unemployment Appendix: An introduction to Regression Analysis
5 1.3 The organization of the course • Chapter 2 Labor supply • Chapter 3 Labor Demand • Chapter 4 Labor Market Equilibrium • Chapter 5 Human Capital • Chapter 6 Contract and Work Incentive • Chapter 7 Trade Union • Chapter 8 Labor Mobility • Chapter 9 Unemployment • Appendix: An introduction to Regression Analysis