Demand and Supply of Labor

Please listen to the following podcast and review the data provided via this link:

http://www.npr.org/sections/money/2014/08/20/341973591/episode-485-whats-your-major

1. Why do the higher-earning majors make more?

2. What is the economic theory underpinning the vast differences in income?

3. How did you decide what you would major in? What information was helpful in making your decision?

4. How does knowing what majors typically earn after college affect your view of how much you should pay to go to college?

Review the podcast

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