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Unit information: Organisations and Incentives in 2021/22

Unit name Organisations and Incentives
Unit code EFIMM0106
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Dr. Maija Halonen-Akatwijuka
Open unit status Not open
Pre-requisites

TB1 Economics

Co-requisites

None

School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

This unit examines how compensation and organisational design affect incentives and productivity in organisations. The following questions are addressed.

How does pay for performance affect motivation and recruitment?

What role does intrinsic motivation play in organisations?

What are the benefits and costs of team work?

When should decision making be decentralised?

We study economic theory of incentives and its empirical evidence. We also apply the principles arising from the theory to real-world case studies. This enables the students to learn skills that are valuable in their future careers in management positions.

The aims of this unit are to

(1) study economic theory of incentives and its empirical evidence.

(2) apply the principles arising from the theory to real-world case studies.

Intended Learning Outcomes

On completion of the unit students will be able to

1) recognise the importance of compensation and organisational design to productivity of organisations,

2) outline the main theories of incentives pay and organisational design,

3) apply economic models in a relevant way to organisational issues,

4) recognise the strengths and limits of economic modelling of organisations

5) have gained experience in team work.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Coursework 1 (50%)

Coursework 2 (50%)

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0106).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.

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