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IDEC8084 Personnel Economics for Management

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

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.

Updated:   13 Nov 2015 / Responsible Officer:   The Registrar / Page Contact:   Student Business Solutions