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Labor Economics

Penn State University

What is Labor Economics?

Economics is the study of decision-making under scarcity. Labor economics is the focus of how firms make decisions on the number of resources (namely labor) to use. On the supply side, labor economics focuses on the decision of workers to determine the quantity and quality of labor they provide to the labor market. Labor Economics takes a holistic view of the labor force but is grounded in microeconomic theory.

My Favorite Quotes

The Wealth of Nations

It is not from the benevolence of the butcher, the brewer, or the baker, that we can expect our dinner, but from their regard to their own interest.

Marginal Revolution University

Economics is everywhere, and understanding economics can help you make better decisions and lead a happier life.


An incentive is a bullet, a key: an often tiny object with astonishing power to change a situation.

Meet The Team

Dr. Jadrian Wooten
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I'll be your instructor this semester. Feel free to visit me with any questions you have about the course or your grades in the course. You're also welcome to connect with me on any social media platform at any point in the semester.

Ryo Kimoto

Ryo is a first-year PhD student in the Depart of Economics. He will responsible for managing grades in Canvas and determining your Tableau scores throughout the semester. 

Josie Krieger
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Josie is a fourth year student at Penn State studying economics and history with a focus on the Middle East. She is available each week to help you troubleshoot issues you're having with Tableau. Her hours are listed in Canvas.

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