In this course, we will use the economic principles to analyze decisions made within a family.
Topics include spousal labor supply, human capital, marriage, divorce, fertility and social
mobility. We will then consider the macroeconomic implications of these family decisions. First,
we will focus on short- and medium-run fluctuations and study how the changing demographic
factors influence aggregate labor supply and savings. Next, we will discuss the importance of
accounting for families in explaining inequality and as determinants of long-run economic
development.
Pre-reqs: Eco-2101 (Microeconomic Theory I), ECO-2201 (Macroeconomic Theory I), ECO-2202 (Macroeconomic Theory II), ECO-2400 (Econometrics)
