Examines fundamental issues in today s labor market. For individuals involved in labor organizations and management, as well as those interested in understanding labor issues. Covers functions of labor market, as well as problems confronting labor and management. Course will not substitute for ECON 421. Primary concentration on the capitalist system and the U.S. economy.
Emphasis is on third world countries.
Analysis of different market structures and how these market structures impact resource allocation. Emphasis will be placed on Western Europe and the U.S. Additional coverage will be given to Japan, the Soviet Union and one Third World nation. Application of statistical methods in testing economic theories and estimating economic relationships. Emphasizes multiple regression analysis. The student is expected to spend two hours per week utilizing the computer lab.