Nottingham University Business School
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Topics in Labour and Personnel Economics

Please note that the following information may be subject to change.

Programme: Undergraduate

Module Code: N12430

Semester: Spring

Convenor: Getinet Haile

Credits & Level: 10 credits; Level 2

Pre-requisites: N11115 (Microeconomics for Business B1) and N11607 (Business Economics) or equivalent.

Co-requisites: None.

Target Students: Available to all students with the required pre-requisite N11115 Microeconomics for Business B1 OR N11607 Business Economics. CANNOT be taken by students who have taken an equivalent module from the School of Economics.

Delivery: 11 two-hour lectures and 2 one-hour seminars

Assessment: One 1.5 hour exam (75%); Group project and presentation (25%)

Exam Format:Answer TWO questions out of a choice of FIVE questions. Both questions carry equal marks.

Summary of Content The module will foster students' understanding of the process by which business organisations make effective use of labour; and the policies they employ to this effect. Topics covered include: employees' incentives in organisations, the hiring process, training and labour turnover, employee pay and performance, trade unions and employment relations.

Aims The module is aimed at introducing students to the inner workings of firms as this relates to the processes of recruitment, retention and appraisal of labour within organisations; as well as how some of these processes may be influenced by broader labour market issues nationally and internationally. It is hoped that the module will help foster students' understanding of the policies that firms deploy to make effective use of labour.

Key Words: Labour Economics, Industrial Relations, Personnel Economics

Learning Objectives & Outcomes Knowledge and understanding
This module develops a knowledge and understanding of:
  • The dynamic and changing nature of business and the consideration of the future of organisations within the global business environment, including the management of risk
  • The development, access and operation of markets for resources, goods and services
  • Leadership, management and development of people including the implications of the legal context
  • The management of resources
  • The development of appropriate policies and strategies within a changing environment to meet stakeholder interests
  • The need for individuals and organisations to manage responsibly and sustainably and behave ethically in relation to social, cultural, economic and environmental issues
Intellectual skills
This module develops:
  • The ability to analyse facts and circumstances to determine the cause of a problem and identifying and selecting appropriate solutions
  • Conceptual and critical thinking, analysis, synthesis and evaluation
Professional practical skills
This module develops:
  • Numeracy and quantitative skills to manipulate data, evaluate, estimate and model business problems, functions and phenomena
  • People management, to include communications, team building, leadership and motivating others
Transferable (key) skills
This module develops:
  • Ability to work collaboratively both internally and with external customers and an awareness of mutual interdependence
  • Self-management and a readiness to accept responsibility and flexibility, to be resilient, self-starting and appropriately assertive, to plan, organise and manage time
  • Ability to work with people from a range of cultures
  • Articulating and effectively explaining information
  • Building and maintaining relationships

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Nottingham University Business School

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