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 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

ADAM SMITH
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.

TYLER COWEN
Marginal Revolution University

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

STEVEN LEVITT

Freakonomics

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

Meet The Team

INSTRUCTOR
Dr. Jadrian Wooten

I'll be your instructor this semester. Feel free to stop by during office hours if you ever have any questions about the course.

GRADING ASSISTANT
TBD

Your course's grading assistant will be a PhD student in the Department of Economics. They will not hold office hours, nor are available for individual help.