Compensation, Incentives and Productivity: Uses the analytic tools of
microeconomic theory to study the worker-firm employment relationship.
Topics include design of compensation systems to overcome
principal-agent problems; firm hiring; training, turnover and the theory
of human capital; promotion tournaments and other incentive schemes;
team production and diversity in teams; delegation of authority and
worker participation in firm decision-making. Prerequisite: ECON203 or
RESECON 305.