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Unit of study_

ECOS3023: Personnel Economics

The management of human resources is key to the success of modern organisations. This unit of study introduces economic concepts and analytical tools that provide a rigorous framework with which to analyse this challenge. Topics covered include the design of compensation schemes to achieve strategic goals; recruitment and hiring decisions; optimal turnover of staff; facilitating teamwork and worker empowerment; and, peer relationships within the modern business organisation.

Code ECOS3023
Academic unit Economics
Credit points 6
Prerequisites:
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ECOS2001 or ECOS2901
Corequisites:
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None
Prohibitions:
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None

At the completion of this unit, you should be able to:

  • LO1. understand the challenges faced by managers within organisations in regards to personnel issues and to develop the skills required to analyse human resource practices using rigorous economic models
  • LO2. apply economic concepts to examine real world problems from the perspective of a manager within an organisation
  • LO3. develop problem solving skills that can be applied to personnel issues within an organisation
  • LO4. critically evaluate the assumptions and limitations of the theories and arguments presented in class
  • LO5. develop written and oral communication skills
  • LO6. apply technologies effectively in gathering information from written, oral, and electronic sources
  • LO7. manage, analyse, evaluate and use information efficiently and effectively
  • LO8. develop a coherent argument and justify the conclusions reached by reference to research

Unit outlines

Unit outlines will be available 1 week before the first day of teaching for the relevant session.