| Course ID: | ECON 4000. 3 hours. |
| Course Title: | The Economics of Human Resources |
Course
Description: | The application of microeconomic principles to the study of the behavior of individuals and business firms in the labor market. The roles of private institutions and public policies in affecting worker compensation, employment, unemployment, and the distribution of labor-market earnings. |
| Oasis Title: | Economics of Human Resources |
| Duplicate Credit: | Not open to students with credit in ECON 4600, ECON 6600 |
| Prerequisite: | (ECON 2106 or ECON 2106H or ECON 2106E) and (ECON 2105 or ECON 2105H or ECON 2105E) |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | This course studies the behavior of individuals and business firms in the labor
market. Students will develop an understanding of the roles of private institutions
and public policies in affecting worker compensation, employment, unemployment, and
the distribution of labor-market earnings. |
| Topical Outline: | Recruiting and Selection
Pay Methods and Worker Productivity
Worker Turnover
Promotion Hierarchies within the Firm
Seniority-Based Compensation
Team Production and Worker Compensation
Nonmonetary Compensation: The Economics of Benefits
Job Tasks and Worker Supervision
Monitoring and Evaluation of Worker Productivity |