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BX3053 - Personnel Economics

Credit points: 3
Year: 2019
Student Contribution Band: Band 3
Administered by: College of Business, Law & Governance

Human resources are often the key to organisational success and managers must make frequent HR decisions such as: which types of workers to hire; how to motivate staff through payment systems and benefits; how to evaluate and monitor staff; and what to do with staff during an economic downturn. This subject uses economics to consider those and other questions relevant to an organisation's personnel. Whilst the primary objective of the course is to provide students with a set of analytical tools with which to judge the likely effects, and side effects, of different HR practices, it also provides students with insights into a broad range of issues facing employers and employees alike. It will therefore appeal to many different people - those interested in HR, those interested in Economics and/or those who are simply curious about the way in which economic factors influence employee/employer relations (be it from the employees' or the employers' perspective).

Learning Outcomes

  • discuss a range of different economic models that explain employee and employer behaviours;
  • apply economics models to analyse HR decisions;
  • predict the possible impact of those decisions on employees and employers.
Prerequisites: BU1003 AND 12 CP OF SUBJECTS


Study Period 2, External
Census Date 29-Aug-2019
Coordinator: Mrs Diana Sheedy
Lecturer: <Person not found>.
Workload expectations:

The student workload for this 3 credit point subject is approximately 130 hours.

  • 0 hours
  • assessment and self-directed study
Method of Delivery: WWW - LearnJCU
Assessment: end of semester exam (30%); presentations (10%); assignments (30%); tests (30%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.