Full course description
Explicit and implicit Incentives play an important role in the worker-firm relationship. Firms want to attract workers with knowledge and traits that match their demands. They have to motivate them to work in accordance with the organisation’s goals and to productively assign workers to tasks and jobs. Workers are concerned about their pay, their tasks and decision rights, their working conditions, and their career opportunities. In this course you will use economic models and empirical applications to understand the worker-firm relationship, including the role of management.
- Understanding how incentives affect the behaviour of workers in employment relations (principal-agent theory; tournaments; career concerns).
- Decision making and organisation of work within firms (authority; team production; information flows, job design).
- The economics of management.
- Skills to interpret empirical models in the field of personnel economics.
- Skills to analyse work-related issues in economic terms.
Intermediate microeconomics with game theory and asymmetric information, e.g. Varian H.R. (2010), intermediate microeconomics, A modern approach.
Selection of scientific articles related to theoretical and empirical personnel economics and organizational economics.