Class hours: Tue, Thu 11:00am-12:15pm, SOC SCI 6314
Office hours: Tue, Thu 1:00-2:30pm.

Syllabus

Course Overview: The course will cover a subset of advanced topics in order to expose you to some of the recent open questions and tools used to address them in the field. Topics include partial and general equilibrium search theory, learning, unemployment duration analysis, optimal unemployment insurance policy, job and worker flow analysis, wage offer distribution estimation, wage determination theories, business cycle labor market analysis, labor demand theory, and numerical and theoretical methods for the analysis and estimation of recursive labor market models.

Course Website: Registered course participants can access course materials through Learn@UW.

General Readings: The following books are useful reference tools for the course:

• Devine, Therese J. and Nicolas M. Kiefer Empirical Labor Economics: The Search Approach, Oxford University Press, New York, New York and Oxford, England. 1991.
• Judd, Kenneth L., Numerical Methods in Economics, The MIT Press, Cambridge, Massachusetts and London, England. 1998.
• Ljungqvist, Lars and Thomas J. Sargent, Recursive Macroeconomic Theory, The MIT Press, Cambridge, Massachusetts and London, England. 2000.
• Stokey, N. L., and R. E. Lucas, Jr. with E. C. Prescott, Recursive Methods in Economic Dynamics, Harvard University Press, Cambridge, Massachusetts and London, England. 1989.
• Pissarides, C.A., Equilibrium Unemployment Theory, 2nd edition, Basil Blackwell. 2000.
• Wolpin, Kenneth I., Empirical Methods for the Study of Labor Force Dynamics, Harwood Academic Publishers.1995
• Wooldridge, Jeffrey M., Econometric Analysis of Cross Section and Panel Data, The MIT Press, Cambridge, Massachusetts and London, England. 2002.