ECON 313

Labor Economics

4 Undergraduate credits
Effective August 1, 1998 – Present

Graduation requirements this course fulfills

This course assesses the role of labor as a production factor in the economy, as well as the factors affecting the supply of, and demand for, labor. Topics include: determinants of labor supply and demand; analysis of labor markets; theories of wages and employment; income and wage inequality among occupations, industries and regions; the role of labor unions and collective bargaining as they affect supply and demand conditions; and the relationships among wages, inflation, unemployment and government policies.


Learning outcomes


  • Develop a deeper understanding of the role labor markets play in our economy, and current labor policy issues being discussed and debated.
  • Analyze the effects of public policy on the labor market.
  • Develop a framework for understanding how wages are determined and apply this framework to novel situations.
  • Use the framework's economic concepts to evaluate the effects of exogenous changes on wages, including public policy changes.

Minnesota Transfer Curriculum

Goal 5: History and the Social and Behavioral Sciences

  • Employ the methods and data that historians and social and behavioral scientists use to investigate the human condition.
  • Examine social institutions and processes across a range of historical periods and cultures.
  • Use and critique alternative explanatory systems or theories.
  • Develop and communicate alternative explanations or solutions for contemporary social issues.

Fall 2019

Section Title Instructor
01 Labor Economics Antus, An Books Course details

Spring 2020

Section Title Instructor
50 Labor Economics McIlhon, Mi Books Course details