KTTS3310 Personnel Economics (5 cr)
The course introduces economic approach to human resource management. Topics of the course include: recruitment, personnel development, performance related pay, and job design. The topics are studied with simple models, which help to understand empirical observations.
Having passed the course the student can:
Evaluate the effectiveness of various recruitment strategies in different contexts
Explain how asymmetric information affects recruitment
Analyze employer provided training as an investment in different types of human capital
Explain the incidence of human capital investments
Analyze performance evaluation in incentive systems
Evaluate theories of incentive systems
Analyze the complementarity of job design and incentive systems
The lectures involve discussions of real-world problems. The problems are handed out in advance and the students will present their analysis and discuss the problems in class. There will be 4 topics
Written assignment (50% of the final marking)
Final exam (50% of the final marking)
Preparing for the lectures 20
Preparing for the exam 40
Total amount 133
Description of prerequisites
Lazear Edward P. and Gibbs Michael: Personnel Economics in Practice (2014), 3rd ed.
Other readings assigned during the course.