Personnel economics takes an economic approach to the two key problems of human resource management: employeeselection and employee motivation. The approach in this module will combine elements of microeconomic theory, behavioral economics, and evidence from lab, field, and natural experiments. Students will apply the basic theory and empirical methods to understanding how firms may decide to choose workers and how they get work out of them. At the end of the semester students should:
• Be able to solve basic theoretical models related to worker selection, worker compensation, and managing teams of workers
• Understand the empirical methods (lab experiments, field experiments, and observational natural experiments) used in research in personnel economics
• Be familiar with some of the important research articles in personnel economics.
• Be able to think critically about employee recruitment, productivity, and compensation.
Familiarity with intermediate microeconomic theory, such as budget constraints and indifference curves, is presupposed. A small amount of calculus (maximizing a function of a single variable) will be used. Familiarity with basic probability and regression analysis is helpful.
• Be able to solve basic theoretical models related to worker selection, worker compensation, and managing teams of workers
• Understand the empirical methods (lab experiments, field experiments, and observational natural experiments) used in research in personnel economics
• Be familiar with some of the important research articles in personnel economics.
• Be able to think critically about employee recruitment, productivity, and compensation.
Familiarity with intermediate microeconomic theory, such as budget constraints and indifference curves, is presupposed. A small amount of calculus (maximizing a function of a single variable) will be used. Familiarity with basic probability and regression analysis is helpful.
Course Type: 2022-2023 Modules
Shared Course: No
Feeder Course: No