Construction workers
Labor Economics
Penn State University World Campus

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 amount of resources (namely labor) to utilize. 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

  • Grey Twitter Icon

I'll be your instructor this semester. Feel free to email me with any questions you have about your progress in the course.


In Canvas, you'll find a General Questions discussion board for course content questions. 



Your course grading assistant will be a PhD student in the Economics Department. Their role in the course will be to serve as my course assistant.

They will not hold office hours, nor are the available for individual help.

Course Material