ECON771

Prerequisite: ECON603 and ECON624; or permission of BSOS-Economics department. Restriction: Must be in the Economics Doctoral program. Modern analytical and quantitative labor economics. Labor supply decisions of individuals and households; human capital model and distribution of income. Demand for labor; marginal productivity theory, imperfect information and screening. Interaction of labor demand and supply; unemployment; relative and absolute wages; macroeconomic aspects of the labor market.