ECO 310EA Economics of Labor
Fall 2011
Dr. Robert Jantzen
Economics Department

 

Where and When
Course Description
Course Objectives
Text
Course Requirements
   Course Outline
Term Project
Contact Information
College Policy for All Courses
Announcements



Where and When

In the Fall of 2011, this course meets at 6:30 p.m. on Wednesday nights in Doorley 226.  Classes begin 8/24/2011.
 

Course Description

An analysis, both theoretical and empirical, of labor market dynamics, wage setting and employment determination.  Specific topics to be analyzed include labor force trends, education and training, wage and employment setting at the company level, unions, discrimination, labor productivity and real wages, government policy and technological change.  Prerequisite:  Eco100 or Eco201.  3 credits.
 

Course Objectives

The primary objective of this course is to impart to students a working knowledge of how capitalistic labor markets operate.  Specifically, students will learn how labor supply and labor demand factors change wage and employment levels.  Supply side factors include the work/leisure decision, educational investment, migration, and unions, while demand side factors include product demand and pricing, labor productivity, technological change, government policies and discrimination.
 

Text

 
McConnell, Campbell R., Brue, Stanley L., and Macpherson, David A. 2010. Contemporary Labor Economics: 9th Ed.  New York: McGraw-Hill/Irwin (ISBN: 978-0-07-337595-3), available in hardcover from Amazon.com for $128 & up & in paperback from $60 & up (International Edition 9e).   You can also find an outline of each chapter by clicking on the following link: TextOutline.docx.  In addition, click on the following link for websites that contain data and charts for US labor markets: Eco301 Web Links.docx.

 

Course Requirements and Grading

 Student grades in this course will reflect assessment in the following areas:

  Exam # 1           (relative weight = .3)
  Exam # 2           (relative weight = .3)
  Final Exam         (relative weight = .3)
  Term Project      (relative weight = .3)

    The final course grade will be computed by taking the weighted average of the best 3 of the above 4 grades.   Make-up exams will be available only to those students who have notified the instructor (either by email or a phone call to 637-2731) prior to the scheduled exam date.

    Academic dishonesty will be penalized heavily.  Plagiarism (the copying of text from other sources without the use of quotation marks) and/or cheating will result in a grade of F for the paper/exam involved.   In addition, students having excessive absences (4 or more) may receive the grade of FA (failed for absence).
 

Term Project:

     Term projects are due on the last day of class and must be submitted via email as a single file in either Word or PDF format.  The following represent the minimum requirements for a term paper:

     1.  An original, well-researched, and cogent discussion of a topic relevant to current economic issues and approved by the instructor..

     2.  Construction:

     a. About 8-10 typed pages of double-spaced text, written in your own words.

     b.  At least 10 cited (i.e., footnoted) reference sources, of recent vintage wherever applicable.  The citations must include author, title, source, date and page.  NOTE:  This is a minimum requirement, not a maximum.  Also, 10 footnotes from 3 books/articles does not meet the requirement.  At least 10 different books/articles must be cited.

    c.  Footnotes/endnotes at appropriate places, i.e., wherever the text refers to material not authored by the student or existing in common knowledge.  A bibliography is not necessary if complete footnotes/endnotes are used.  The copying of text from other sources, if not placed in quotes, will be considered plagiarism.

    d.  No typographical, spelling or sentence structure errors.  This requirement might seem picayune, but the consequences of such errors in this course are slight compared to those out in the "real" world (i.e., lost job or promotion).

    3.  The instructor is potentially a useful source for reference materials, suggestions, and other assistance.  Feel free to utilize him.
 

Contact Information

Instructor: Robert Jantzen, Ph.D.
Professor, Department of Economics
Office Location:  Economics Department, Spellman Hall, 2nd floor
Voice:  (914) 637-2731
Fax:   (914) 633-2511
Office Hours:   M, W 11 - Noon, and W 5:30 - 6:30 p.m., by appointment.
E-mail:  RJantzen@Iona.edu
Web-Page:  www.iona.edu/faculty/rjantzen/homepage.htm

Course Outline (approximate)
 
 
 

Week:
Topic:
Reading:
Power Point Slides
8/24 & 8/31
Introduction and Labor Supply
Chapters 1 & 2
chap001.ppt & chap002.ppt
9/7 & 9/14
Labor Force Participation and Human Capital
Chapters 3 & 4
chap003.ppt & chap004.ppt
9/21 & 9/28
Labor Demand
Chapters 5
chap005.ppt
10/5 
Exam # 1
 
10/12 & 10/19
Wage Determination & Alternative Pay Schemes
Chapters 6 & 7
chap006.ppt chap007.ppt
10/26
Labor Mobility and Unions
 Chapters 9, 10 & 11
chap009.ppt, chap010.ppt & chap011.ppt
11/2
Exam # 2
   
11/9
Government: Employment, Expenditures & Taxes
Chapter 12
chap012.ppt
11/16
Labor Market Regulations & Discrimination
Chapters 13 & 14
chap013.ppt & chap014.ppt
11/30
Earnings Differentials, Productivity and Employment
 Chapters 16, 17 & 18
chap 016.ppt, chap017.ppt & chap018.ppt
12/7
Exam # 3
 

 
 
 

College Policy for all courses and students: (full explanations of policy may be found in the College Catalog)

Cheating and Plagiarism:  Cheating and plagiarism subvert both the purpose of the College and the experience students derive from being at Iona. They are offenses which harm the offender and the students who do not cheat. The Iona community, therefore, pledges itself to do all in its power to prevent cheating and plagiarism, and to impose impartial sanctions upon those who harm themselves, their fellow students, and the entire community by academic dishonesty. Sanction and Appeals: At the beginning of each semester, professors shall state their policy with regard to intellectual dishonesty on the syllabi and course requirement forms they distribute. This policy shall include the penalty to be imposed when cheating or plagiarism is discovered; penalties may include failure for a given assignment or failure in the course. Students who are given a failing grade as a result of cheating, plagiarism or academic dishonesty are not permitted to withdraw from the class. Faculty members will report all incidents of cheating and plagiarism to the dean. After the first offense the student will be required to complete an instructional program on intellectual dishonesty. After the second offense, the student will no longer qualify for a degree with honors, and the student may be suspended from the college. In any allegation of intellectual dishonesty, every effort will be made to ensure justice; in all cases, educational assistance rather than adversarial proceedings will be sought. If, in conformity with this policy, a sanction is imposed, students may appeal first, to the professor who discovered the offence; second to the department chair; and third to the academic dean of the division involved. The decision of the academic dean is final. A student has the right to appeal the academic dean's decision to the provost if, and only if, the sanction involves a suspension from class or dismissal from the College. In such appeals, the decision of the provost is final.

Attendance:  All students are required to attend all classes.  Iona has an attendance policy for which all students are accountable.  While class absence may be explained it is never excused.  Professors may weigh class absence in the class grade as they see fit.  Failure to attend class may result in a failure of the class for attendance(FA), when the student has missed 20% or more of the total class meetings.  The FA grade weighs as an F would in the final official transcript.

Course and Teacher Evaluation(CTE):  Iona College now uses an on-line CTE system.  This system is administered by an outside company and all of the data is collected confidentially.  No student name or information will be linked to any feedback received by the instructor.  The information collected will be compiled in aggregate form by the agency and distributed back to the Iona administration and faculty, with select information made available to students who complete the CTE.  Your feedback in this process is an essential part of improving our course offerings and instructional effectiveness.  We want and value your point of view.*
NOTE* You will receive several emails at your Iona email account about how and when the CTE will be administered with instructions how to proceed.


Economics Department || Iona College