ECON 406 Labor Economics
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Let's have a short introduction of the course:
The ECON 406 Labor Economics course is basically the study of the labour market system, trends in labour market activity and the impact of government policy on the labour market.
Labour economics is the study of labour as an element of the production process. The labour force includes all those who work in the labour market for profit, whether they are employees, employers or sole proprietors, as well as the unemployed who are looking for work. Labour economics involves examining all the factors that affect these workers before, during and after work, such as childcare, education, compensation and incentives, fertility, discrimination, time off work, and pension reforms.
The labour market functions through the interaction of workers and employers and may be geographically limited by countries or regions, or it may be global. Labour economics also focuses on the mobility of workers within and between these markets, as well as within and between employers.
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