ECON 4410

Quantitative Models for the Labor Market

Course Description

Course information provided by the Courses of Study 2024-2025.

In this course we will study two major features of modern economies. The first is the large dispersion across households in income and wealth, the second is the existence of persistent unemployment. We will be interested in understanding the models and tools that economists have developed to represent these phenomena, as well as in using these models to analyze the welfare implications of various government interventions. Topics to be covered include: Dynamic programming. Solution Methods of General Equilibrium models. Heterogeneous-agent macroeconomic models. Search, matching and equilibrium unemployment.

When Offered Fall.

Prerequisites/Corequisites Prerequisite: ECON 3030, ECON 3140 or permission of instructor.

Distribution Category (SSC-AS) (SBA-AG)

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