In economics, the term “labor” refers to workers. As a factor of production, labor earns wages for the services that it renders. As such, students of labor economics have traditionally set out to understand wage formation, the level of employment, and all elements that go into the making of a wage relationship.
Public Finance rests at the intersection of two disciplines: Public Economics and Public Choice. The field of Public Finance studies the interaction between these two disciplines, asking questions like: How do the incentives of the political actors shape the policies they craft? How does that in turn affect the outcomes in the marketplace? Alternately, students of Public Finance might ask: How do outcomes in the marketplace affect the incentives of political actors?
In this class, you will learn how to think with models and use them to make sense of the complex world around us.
An introduction to Consumer Behavior in Microeconomics.
The world's population recently reached seven billion people, and is expected to swell to nine billion by 2050. We must turn to the oceans to meet the needs of this growing global population. Let me give some examples of how the Indian Ocean can provide us with solutions to help us face future challenges.
Learn how markets work, what they accomplish well and what their limitations are.
The purpose of this course is to provide you with a basic understanding of the principles of microeconomics. At its core, the study of economics deals with the choices and decisions that have to be made in order to manage scarce resources available to us.
Economics is traditionally divided into two parts: microeconomics and macroeconomics. The purpose of this course is to provide you with a fundamental understanding of the principles of macroeconomics.
Think about the oldest and most familiar principles of American law, property and proportional liability, in a new and surprising way, and learn to apply economic reasoning to an especially important and interesting aspect of life.
The course is intended for people who would like a deeper understanding of the American housing finance system.