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2011/2012  KAN-CMJ_OE21  Applied Economics

English Title
Applied Economics

Course Information

Language English
Point 7,5 ECTS (225 SAT)
Type Mandatory
Level Full Degree Master
Duration One Semester
Course Period Autumn
Time Table Please see course schedule at e-Campus
Study Board
Study Board for BSc/MSc in Business Administration and Commercial Law
Course Coordinator
  • Cedric Schneider - Department of Economics
Main Category of the Course
  • Economics, macro economics and managerial economics

Taught under Open University-Taught under open university.
Last updated on 29 maj 2012
Learning Objectives
Upon completion of the course, students should be able to
  • • understand the importance of setting recruitment and training policies.
  • • understand the costs and benefits of delegation with organizations.
  • • understand the concept of motivating individuals and groups.
  • • understand the relationship between competition, human resources policies, and firm productivity.
  • • understand how the theories can be applied in real life situations.
Applied Economics
Applied Economics:
Assessment Written Exam
Marking Scale 7-step scale
Censorship No censorship
Exam Period Autumn Term
Aids Closed Book
Duration 4 Hours
Please see e-campus for further information.
Course Content
This course is about personnel economics. The main purpose of the course is to introduce the students to the economic tools used to analyze the different human resources (HR) policies of the firm and their real life applications.
We begin with a review of the basic analytical tools used in the course. We then analyze some common HR issues inside the firms, including recruitment, training, promotion, delegation of decision authority, and compensation. We also examine the relationship between competition, HR policies, and firm productivity. Whenever appropriate, we also discuss real life applications from selected journal articles.
Teaching Methods
Student Workload
Lectures 28 hours
Preperations 155 hours
Exam preparation 42 hours
Further Information

The course replaces the previous mandatory course given in Danish: Anvendt Økonomi

Paul Milgrom and John Roberts (1992) "Economics, Organization and Management" (Ch. 5-7; 10-13)
Edward Lazear and Michael Gibbs (2008) "Personnel Economics in Practice" 2nd ed. (Ch. 1-12)
Other related journal articles.

Please check the syllabus at Learn for further information.