Personnel Economics

Faculteit Economie en Bedrijfskunde
Jaar 2021/22
Vakcode EBM678A05
Vaknaam Personnel Economics
Niveau(s) master, uitwisseling
Voertaal Engels
Periode semester I b (en semester II a)
ECTS 5
Rooster rooster

Uitgebreide vaknaam Personnel Economics
Leerdoelen Upon completion of the course the student is able to:
1. Classify the underlying economic principles of HR instruments
2. Combine different economic models and theories of personnel policies.
3. Argue why different types of organizations use different personnel policies.
4. Convince financial and other managers of effects and efficiency of personnel policies.
Omschrijving Central to the course is the application of economic principles to the field of Human Resources Management. Knowledge of these principles enables a human resource manager or general manager (responsible for personnel matters) to communicate with financial and other managers about effects and efficiency of personnel policies. These principles provide the manager with tools for gathering data from different information systems for effective use with regard to personnel decisions, too. Personnel economics suggests which data are necessary for taking meaningful decisions. The course is not only concerned with costs and benefits of personnel but investigates a wide range of personnel policies.The economic insights are used to formulate sustainable personnel policies. Problems that will be dealt with are: when and how much to invest in personnel, how to select personnel, whom should be dismissed etc. Much attention will be paid to compensation. Should employees receive incentive pay or an hourly wage? Should employees work in teams or should they specialise? Attention will also be paid to non-monetary rewards, gossip, and politicking. The main advantage of this course is the clear application of economic principles to a wide range of topics. Students learn the underlying economic principles of HR instruments. Knowledge of these principles can be used in all kinds of situations. The course will give the students new solutions for existing problems and shows why some of the standard practices should be changed.
Uren per week 2
Onderwijsvorm -gastcollege , gecombineerde hoor-/werkcolleges
(Verplichte hoor- werkcolleges)
Toetsvorm -computer test/wekelijkse quiz,  -individuele opdracht
Vaksoort master
Coördinator dr. P.H. van der Meer
Docent(en) dr. P.H. van der Meer
Verplichte literatuur
Titel Auteur ISBN Prijs
Articles cited at the companion nestor site.
Various
Personnel Economics in practice, 2015, John Wiley & Sons, Hoboken NJ. 3rd Edition, October 2014, ©2015 Lazear, Edward P., Michael Gibbs 9781118918760 ca. €  63,00
Entreevoorwaarden
Opmerkingen This course will be offered in semester 1b and 2a
For further information please contact the secretary of MSc HRM: Zedef Karakayali, e-mail: z.karakayali@rug.nl - phone: +31 (0)50 363 4288, room 5411-0343
Opgenomen in
Opleiding Jaar Periode Type
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester I b keuze
Courses Exchange (MSc)  ( Courses Exchange Students (MSc) without limited access) 1 semester II a keuze
MSc Human Resource Management/HRM  (keuzevakken A MSc HRM) 1 semester I b keuze
MSc Human Resource Management/HRM  (keuzevakken A MSc HRM) 1 semester II a keuze
Msc Philosophy, Politics and Economics 1 semester I b keuze
Wordt meerdere malen per jaar aangeboden 1 semester II a keuze