EC5219 - Workforce Economics and Analytics

Sound human resource decision making is pivotal to organisational success. Key decisions include: hiring the right types of workers; motivating staff through payment systems and benefits; evaluating and monitoring staff, and staff retrenchment when downsizing. This subject uses economics concepts to answer these and more question re decision making in the workplace. The subject provides complementary skills to students interested in human resources, economics and those who are more generally interested in employee - employer relationships (for example students interested in organisational behaviour or psychology).

Learning Outcomes

• synthesise a range of different economic concepts that intend to explain employee and employer behaviour in the workplace;
• apply economics concepts discussed in this subject to critically validate HR decision making;
• design and justify (showing advanced and integrated knowledge of the economics concepts discussed in this subject), a human resources policy to address a human resources problem in a chosen business context.

Subject Assessment

• Written > Test/Quiz 1 - (20%) - Individual
• Oral > Presentation 1 - (30%) - Individual
• Written > Essay (including multi-draft) 1 - (30%) - Individual
• Participation > Online participation - (20%) - Individual.

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.