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KAFP 3545 - Managerial Economics

Type d'enseignement : Workshop

Semester : Spring 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

Solid knowledge of micro-economic theory is expected for this course. In addition, knowledge of simple algebra and analysis (multivariate calculus, some basic probability theory, differential calculus, and the ability to perform mathematical reasoning) is required for the course.

Course Description

This module will analyse the problems organisations are facing, presenting both the relevant theories and the empirical evidence used to evaluate them. The main emphasis is on the decisions made by firms regarding their internal organization and authority structures; focusing on issues such as hiring, training, promotion, incentives, and dismissal policies. The goal is to understand the relationship between these policies and firms' performance, as well as the functioning of the labour market. While analysing the theoretical fundamentals of the problems faced by organizations, the module will also introduce students to a number of empirical methods commonly used to study microeconomic data. The course is intended to develop analytical and critical assessment of the relevant questions in applied microeconomics, with a strong emphasis on personnel economics. On successful completion, students should be able to understand and apply theoretical models in personnel economics and to evaluate these models empirically. Students will learn to reliably interpret econometric evidence and evaluate questions of interest using a range of applied micro econometric tools.

Teachers

AZMAT, Ghazala (Enseignant chercheur)

Pedagogical format

The course will be mostly lecture based but more details regarding the structure will be given during the first session. Here is the list of topics that will be covered during the course: 1. Firms' hiring decisions 2. On-the-job training 3. Rewarding performance 4. Tournaments and their effect on performance 5. Feedback information and their effect on performance 6. Incentives in teams 7. Firms' firing decisions 8. Alternative outcome measures: Happiness/On-the-job Satisfaction 9. Personnel practices and firm productivity

Course validation

Grading: Your course grade will be based on two pieces of course work (15% each), and the final exam (70%).

Workload

A detailed syllabus will be provided during the introductory session with information regarding required and suggested readings. Before the start of the course, it is advised to read Lazear, E.P. and P. Oyer (2007). “Personnel Economics”, Handbook of Organizational Economics.

Required reading

Readings will be provided during the course.