Economics for Workers ((4 Credits))

Catalog description

This course provides students with the tools that are necessary for understanding the economy in general and the economic conditions of an industry such as the construction industry. What is economic efficiency and when is a particular market, either a labor market or the market for a specific product, efficient? Is it true that everything depends upon 'supply and demand'? If so, how are supply and demand determined? How are prices, wages and profits determined? Why is full employment not ever permanent? The course also provides the tools required to analyze the proper role of the government and the effect of its finances on the economy. The effects of labor laws (e.g., minimum wage, unemployment insurance, and 'right to work' laws), the provision of governmental services (e.g., public transportation, schools, infrastructure), and of full-employment policies on the economy in general and on the conditions of workers and management in the construction in industry in particular are examined. The issues involved with taxation by the different levels of government are also explored. This course is offered as part of union partnership programs and is open to non-partnership students subject to availability. It is also only offered in-class through the college’s Harry J. Van Arsdale Jr. School of Labor Studies in New York City.