040388 KU Personnel Economics I (MA) (2023S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften

Continuous assessment of course work

service email address: opim.bda@univie.ac.at

Moodle

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).

Registration is open from Mo 13.02.2023 09:00 to We 22.02.2023 12:00
Registration is open from Mo 27.02.2023 09:00 to Tu 28.02.2023 12:00
Deregistration possible until Fr 17.03.2023 23:59

Details

max. 50 participants

Language: English

Lecturers

Dmitriy Knyazev

Classes (iCal) - next class is marked with N

Midterm: DO 23.03.2023 15.00-16.30 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock (Bestätigt)
End Exam: FR 28.04.2023 11.30-13.00 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß (Bestätigt)

    
    Thursday
    02.03.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    (Kickoff Class)
  
    Friday
    03.03.
    11:30 - 13:00
    Hörsaal 3  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Thursday
    09.03.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    10.03.
    11:30 - 13:00
    Hörsaal 4  Oskar-Morgenstern-Platz 1  Erdgeschoß
    
    Thursday
    16.03.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    17.03.
    11:30 - 13:00
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Thursday
    23.03.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    24.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    30.03.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    31.03.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Thursday
    20.04.
    15:00 - 16:30
    Hörsaal 14  Oskar-Morgenstern-Platz 1  2.Stock
    
    Friday
    21.04.
    09:45 - 11:15
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Friday
    21.04.
    11:30 - 13:00
    Hörsaal 9  Oskar-Morgenstern-Platz 1  1.Stock
    
    Friday
    28.04.
    11:30 - 13:00
    Hörsaal 1  Oskar-Morgenstern-Platz 1  Erdgeschoß

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

Two exams (midterm and final exam).

Conditional on legal and regulatory possibilities and the consent of the head of the faculty study programs, we strive to have examinations on-site. Students should therefore be advised to be available for such examinations. In case that this is possible, students who belong to one of the following groups,

Members of groups at increased risk according to legislation (acc. to the definition by the Federal Ministry of Labour, Social Affairs and Consumer Protection)
Students who work in healthcare and nursing
Students who live with persons belonging to risk groups or persons who work in healthcare of nursing in the same household
Students who care for persons belonging to risk group
Students who face restrictions on freedom of travel (regionally/nationally) or are self-isolating (quarantine) on the date of the exam/completion of the partial achievement
Students having care obligations who are indispensable due to the closure of schools or kindergartens, etc.,

should contact the group’s office ahead of time to arrange a different exam type. When contacting the office, they may be asked to provide proof/evidence.

Minimum requirements and assessment criteria

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.

Examination topics

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

Reading list