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  • University Of Richmond
  • Labor Economics - Labor Supply (LABORECONOMICS)
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Introduction to Labor Economics with a refresher on Statistics

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17 pages
2025/2026 Written for academic year
Institution
University Of Richmond
Course
Labor Economics - Labor Supply (LABORECONOMICS)
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The document offers and introductions to economics and, more specifically labor economics by addressing the key fact of economics as a social science where individuals, households and firms maximize their utilities by making rational choices. The document also discusses the key players in Labor Economics as well as their respective roles. It introduces the concepts Labor Supply and Labor Demand and discusses the positive and normative aspects of economics. Finally, the presentation has a brief discussion on statistics and linear regression as a tool for labor economists.

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Labor Economics Intro

,
, Today’s Agenda

1. Economics as a Social Science
a. Labor Economics - a subset of Economics
2. Labor Economics Overview
a. Key Players
b. Labor Supply
c. Labor Demand
3. Applying the Scientific Method to Economics
a. Positive economics vs normative economics
4. Statistical toolkit of a Labor Economist
a. Linear Regression
Connected book
image
George Borjas ISE Labor Economics
Publisher: Unknown ISBN: 9781260565522 Edition: 8

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April 27, 2026
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17
Written in
2025/2026
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Subjects

  • labor supply
  • labor derived demand
  • linear regression

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