Course - Incentives, Information and Labor contracts - SØK3008
SØK3008 - Incentives, Information and Labor contracts
About
Examination arrangement
Examination arrangement: School exam
Grade: Letter grades
| Evaluation | Weighting | Duration | Grade deviation | Examination aids |
|---|---|---|---|---|
| School exam | 100/100 | 4 hours | C |
Course content
The course deals with three topics: First, an introduction is given to how employment contracts should be designed in situations with different types of incomplete information. Secondly, the theory of efficiency wages is treated where the firm uses wages to influence productivity, turnover, and recruitment. Third, wage and employment determination in organized labour markets are analyzed. Emphasis is placed on comparing the outcomes given centralized and decentralized wage determination, respectively.
Learning outcome
Knowledge
You learn
- how optimal employment contracts should be designed in different situations with insufficient information. You should understand what characterizes such contracts in different situations.
- how companies can use wages to increase productivity, reduce turnover, and improve recruitment. You should understand how the company sets the wage and how this is affected by exogenous factors.
- how wages and employment are determined when workers are organized. You should understand why wages are different with centralized and decentralized wage setting, respectively, and what consequences wage formation regimes have for productivity, employment, and investments.
Skills
You should be able to
- formulate and solve problems using theories for the decisionmakers’ behavior in the situations with incomplete information
- formulate and solve problems using theories for efficiency wages
- formulate and solve problems using theory of wage formation in organized labour markets
General competence
You should be able to
- understand key results and arguments in reports and research articles that address issues discussed in the course
- use the course content to provide good input in discussions and debates
- use the course content as a theoretical basis for own work such as the master's thesis
Learning methods and activities
2-4 hours of lectures per week and 2 hours of exercise every other week during the teaching period. The course starts in week 5, i.e. after EiT intensive.
Compulsory activity: Requirements are specified in detail at the start of the semester.
Compulsory assignments
- Compulsory aktivity
Further on evaluation
4 hour written school exam
Recommended previous knowledge
SØK3004
Required previous knowledge
None
Course materials
Announced at the beginning of the term.
Credit reductions
| Course code | Reduction | From | To |
|---|---|---|---|
| SØK3005 | 5.0 | AUTUMN 2020 |
No
Version: 1
Credits:
7.5 SP
Study level: Second degree level
Term no.: 1
Teaching semester: SPRING 2024
Language of instruction: Norwegian
Location: Trondheim
- Economics
Examination
Examination arrangement: School exam
- Term Status code Evaluation Weighting Examination aids Date Time Examination system Room *
- Autumn ORD School exam 100/100 C 2023-12-18 09:00 INSPERA
-
Room Building Number of candidates SL410 blå sone Sluppenvegen 14 9 - Spring ORD School exam 100/100 C 2024-05-29 09:00 INSPERA
-
Room Building Number of candidates SL311 brun sone Sluppenvegen 14 7 SL311 grønn sone Sluppenvegen 14 63
- * The location (room) for a written examination is published 3 days before examination date. If more than one room is listed, you will find your room at Studentweb.
For more information regarding registration for examination and examination procedures, see "Innsida - Exams"