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Apr 25, 2024
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2021-2022 Undergraduate Catalog [ARCHIVED CATALOG]
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ECO 3307 - Labor EconomicsCredits: 4
An economic system has to have some way of bringing workers together with tools and resources to produce what the population needs-and then also needs a way to distribute what is produced. In capitalism, labor markets are the primary coordinating mechanism. Workers are paid wages and then they use the money to buy what they need from their own and other employers. We will take a tour through the historical development of the wage labor system in the U.S. We can then apply what we learned about past periods of transition to our analysis of the contemporary destabilizing changes brought by mechanization and globalization.
Prerequisite(s): ECO 1203 or ECO 1204
Fulfills: SOSC in LS Core.
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