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Labor Economics lecture 1 (1 of 2) -- Introduction

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Published on Feb 5, 2012

[ COMPLETE VIDEO LIBRARY: http://www.halsnarr.com/snarrinstitut... ]
Labor market participants (0:00), Why is there a shortage of high school mathematics teachers? (1:12), Minimum wage hikes and unemployment (10:30), Immigration and its affect on wages (18:44), Using multiple regression to confirm theory (30:18), model specification (32:34), using economic theory in graphs to build a testable hypothesis (35:05), using economic theory and calculus to build a testable hypothesis (41:49), summarizing data (45:05), correlations and multicollinearity (52:57), log variable transformation (56:03), ordinary least squares (57:20)

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