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.
Athena Title
Economics of Human Resources
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