EC 233 - Peronnel Economics for Managers

Institution:

Bentley University

Subject:

Description:

Prerequisite(s): Junior-level standing, EC 111 and EC 112 Personnel economics provides an analytical framework for managers to understand the strategic aspects of human resource management from an economic viewpoint. The course uses the economic models of human capital, option pricing, adverse-selection, and optimal input utilization to examine the setting of hiring standards, the determination of worker productivity, and the establishment and evaluation of training programs. It discusses compensation schemes and the use of incentive packages such as bonuses and stock options to reduce labor turnover and encourage worker productivity. It shows how the basic economic approach of evaluating decisions on the margin and considering monetary and nonmonetary tradeoffs can be used to address issues regarding job attributes, fringe benefit packages, team building, and corporate culture.

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.bentley.edu

Phone Number:

(800) 523-2354

Regional Accreditation:

New England Association of Schools and Colleges

Calendar System:

Semester

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