ANU - STUDYAT - Personnel Economics

Offered By:	International and Development Economics Program
Academic Career:	Graduate Coursework
Course Subject:	International and Developmental Economics
Offered in:	IDEC8084 will not be offered in 2009
Unit Value:	6 units
Course Description:	The course uses economics to answer many of the practical questions that managers face when dealing with their personnel. For example: . How do I set the appropriate hiring standards? . Should I hire more workers or increase the hours of current workers? . Should I pay workers based on their hours of work or on their output? . How can I create incentives for my workers to work hard? . When is a collective bargaining negotiation likely to end up in arbitration? . How do I choose between buying out and laying off my workers?; and . Which workers should I promote? The course objectives are: first, to provide students with a framework from which to judge the impact and appropriateness of various employment practices; and second, to provide an opportunity to further critical analytical skills. While students are not expected to know anything about labour economics, a strong background in microeconomics and mathematics will be expected.
Indicative Assessment:	Three problem sets 20%, Mid-term examination 30%, Final examination 50%
Course Classification(s):	AdvancedAdvanced courses are designed for students having reached 'first degree' level of assumed knowledge, which provide a deep understanding of contemporary issues; or 'second degree' and higher levels of knowledge; or for transition to research training programs. and SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation.
Areas of Interest:	Economics
Programs:	Graduate Certificate in Economics of Development, Graduate Certificate in International and Development Economics, Graduate Diploma in International and Development Economics, and Master of Economics
Other Information:	Text Edward P Lazear, 1998, Personnel Economics for Managers, New York, NY: Wiley & Sons, Inc. Supplementary Text Ronald G Ehrenberg and Robert S Smith, 1996, Modern Labour Economics: Theory and Public Policy, Sixth Edition, Reading, MA: Addison-Wesley. Topics Hiring workers Compensating workers Educating and training workers Motivating workers Firing and laying off workers Organising workers
Academic Contact:	Professor Deborah Cobb-Clark

Personnel Economics for Management IDEC8084 - Details