Universität Wien

040388 FK IM/KFK ORPE: Personnel Economics (2015S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

  • Monday 11.05. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 12.05. 16:45 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 18.05. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 19.05. 16:45 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 01.06. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 02.06. 16:45 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 08.06. 16:45 - 18:15 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Tuesday 09.06. 18:15 - 20:15 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 15.06. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 16.06. 16:45 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 22.06. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 23.06. 16:45 - 18:15 Hörsaal 15 Oskar-Morgenstern-Platz 1 2.Stock
  • Monday 29.06. 16:00 - 18:00 Hörsaal 17 Oskar-Morgenstern-Platz 1 2.Stock
  • Tuesday 30.06. 16:45 - 18:15 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

Topics of this course include:

I. Introduction

(a) Effective vs. efficient contracting: the Salomon Brothers case

(b) Reasons for contractual incompleteness

(c) Some basic terms to describe compensation systems

II. Selection and Recruitment

(a) Setting the Base Wage

(b) Private Information and Pre-Contractual Opportunism

(c) Foundations of Adverse Selection Problems

(d) Signaling and Segmented Labor Markets

(e) Screening for Recruitment

(f) Human Capital Investments as Bonding Devices

III. Setting Incentives

(a) Forms of Incentive Pay

(b) The Basics of Effective Incentives

(c) The Trade-off in Explicit Performance Pay Contracts

(d) The LEN-Model: Developing the “Rules of Thumb” of Incentive Setting

Assessment and permitted materials

Midterm: Mo 08.06.2015
Endterm: Di 30.06.2015
Classroom participation is immanently relevant for examination („dieser Kurs ist
eine Lehrveranstaltung mit immanentem Prüfungscharakter“). To pass the course,
students must collect at least half of the total points of the combined two exams,
the midterm and the final exam.
Make-up exams are only available for students on sick leave (documented by
immediately handing in a doctor’s sickness note at the chair’s office) or leaves
supported by formal decision of the university, the faculty, and/or the institute. No
passing grade may be granted if the student misses more than 10% of the total
class time.

Minimum requirements and assessment criteria

Examination topics

Reading list

To study for the open-book exams it is necessary that students prepare all readings
and home-works provided by during the lecture.

Association in the course directory

Last modified: Mo 07.09.2020 15:29