Billy Foster, PhD

Billy Foster

Clinical Assistant Professor of Economics at

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Quotations

A planted seed has value long before it becomes a tree. The potential benefits are enough to give it value. Teaching is the planting of seeds. Knowledge, or even better, wisdom, is an investment like a tree that goes on and on producing fruit. But unlike a fruit tree, you have no idea when the fruit will come or what kind it will be. — Russell Roberts, The Price of Everything (2008)

Posts Tagged ‘labor economics’

Labor Economics
Course number:
NEIU – ECON 306D

FULL SYLLABUS (.pdf)

“Everything in the world is purchased by labour”

- David Hume (1711 – 1776), Essays, Of Commerce

“The property which every man has in his own labour; as it is the original foundation of all other property, so it is the most sacred and inviolable…”

- Adam Smith (1723 – 1790), An Inquiry into the Nature and Causes of the Wealth of Nations

INTRODUCTION

This course is a more intricate study of labor markets than is offered in the standard microeconomics courses. We will be applying economic theory to labor markets and related economic phenomena including but not limited to: earnings, employment, unemployment, worker mobility, and discrimination.

REQUIRED TEXT

Labor Economics, Fifth Edition
George J. Borjas
Publisher: McGraw-Hill
ISBN: 0073511366

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