ECO151 University of California Labor Market and Supply Theory Assignment Description: The current events summary is based off a current news article that

ECO151 University of California Labor Market and Supply Theory Assignment Description:

The current events summary is based off a current news article that discusses a current or proposed policy (at the firm, local, state, or federal government level) or other economic issue that has implications for the labor market (e.g., building an oil pipeline, extreme weather event, etc.). It should cover a topic about Labor Supply Theory or Labor Demand Theory.

The summary should be approximately ½-¾ page in length. You may additionally include graphs or figures (though not required) that are not included in the page count. You should also include a PDF of the article that your summary is based on. This should include the full text of the article, date of publication, and name of the news source. Please submit a single PDF containing all files.

Finding Articles:

Your news article should come from a reputable source (for example, but not limited to: The New York Times, Wall Street Journal, BBC, The Economist, Sacramento Bee, etc.), and should have been written/published within 3 weeks of the date you submit the assignment. Some news outlets have free online access; you can also find electronic and paper copies of current periodicals in the library.

Grading:

Grading will be based on:

Summary of the policy or issue: Briefly describe the policy or issue in the article to someone who is unfamiliar with it. The article must be attached. (5 points)

Relevance to labor economics: Briefly describe how this article applies to a labor economics topic that we have covered in the course. (5 points)

Theoretical predictions: Using the material you have learned in the course, discuss the theoretical effects of the policy/issue. Although not required, you can create and reference graphs or figures if helpful. (10 points)

Conclusions: Why might you expect (or not expect) the actual labor market consequences to differ from your theoretical predictions? (10 points)

University of California, Davis Professor Jenna Stearns Department of Economics Spring 2019

Clarity of writing, structure, and grammar: Although this is a short assignment, I expect the summary to be well-written, free of typos, and cohesively address all of the above components. (5 points)

Originality: There are many issues that affect the labor market in the news every day. These assignments are a chance for you to explore a topic that is of interest to you. You should find a policy or issue that we have not discussed in detail in class, and is not an example in the textbook. (5 points)

Advice:

This assignment is intentionally a little vague to allow you to find and analyze current issues in labor economics that most interest you. I am primarily interested in your ability to connect current issues affecting the labor market with the theory we discuss in class. To make your theoretical prediction, it may be useful to make some assumptions about the labor market (e.g., leisure is a normal good, upward sloping labor supply curve, etc.). You do not need to discuss every possible scenario. Feel free to come see me during office hours with questions.

Labor Supply Theory

http://www.nber.org/papers/w11968.pdf

https://www.jstor.org/stable/1913686

https://www.jstor.org/stable/2288113

https://www.jstor.org/stable/1831106

Labor Demand Theory

http://www.nber.org/papers/w20724

https://www.jstor.org/stable/2118030

https://www.jstor.org/stable/10.1086/588493 University of California, Davis
Department of Economics
Professor Jenna Stearns
Spring 2019
Current Events Summaries
Description:
Over the course of the quarter, you will write two current events summaries, each based off a current
news article that discusses a current or proposed policy (at the firm, local, state, or federal government
level) or other economic issue that has implications for the labor market (e.g., building an oil pipeline,
extreme weather event, etc.).
Each summary should be approximately ½-¾ page in length. You may additionally include graphs or
figures (though not required) that are not included in the page count. You should also include a PDF of
the article that your summary is based on. This should include the full text of the article, date of
publication, and name of the news source. Please submit a single PDF containing all files.
Finding Articles:
Your news article should come from a reputable source (for example, but not limited to: The New York
Times, Wall Street Journal, BBC, The Economist, Sacramento Bee, etc.), and should have been
written/published within 3 weeks of the date you submit the assignment. Some news outlets have free
online access; you can also find electronic and paper copies of current periodicals in the library.
Due Dates:
The first current events summary is due by 4/30 and should cover a topic from Topics 1 or 2. The second
is due 5/30, and must address a topic covered in Topics 3, 4 or 5. Assignments should be submitted
through Canvas.
Grading:
Each summary will be 5% of your grade. Grading will be based on:
Summary of the policy or issue: Briefly describe the policy or issue in the article to someone who is
unfamiliar with it. The article must be attached. (5 points)
Relevance to labor economics: Briefly describe how this article applies to a labor economics topic that
we have covered in the course. (5 points)
Theoretical predictions: Using the material you have learned in the course, discuss the theoretical
effects of the policy/issue. Although not required, you can create and reference graphs or figures if
helpful. (10 points)
Conclusions: Why might you expect (or not expect) the actual labor market consequences to differ from
your theoretical predictions? (10 points)
University of California, Davis
Department of Economics
Professor Jenna Stearns
Spring 2019
Clarity of writing, structure, and grammar: Although this is a short assignment, I expect the summary
to be well-written, free of typos, and cohesively address all of the above components. (5 points)
Originality: There are many issues that affect the labor market in the news every day. These assignments
are a chance for you to explore a topic that is of interest to you. You should find a policy or issue that we
have not discussed in detail in class, and is not an example in the textbook. (5 points)
Advice:
This assignment is intentionally a little vague to allow you to find and analyze current issues in labor
economics that most interest you. I am primarily interested in your ability to connect current issues
affecting the labor market with the theory we discuss in class. To make your theoretical prediction, it may
be useful to make some assumptions about the labor market (e.g., leisure is a normal good, upward
sloping labor supply curve, etc.). You do not need to discuss every possible scenario. Feel free to come
see me during office hours with questions.

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