ILRLE 3455

Economics of the Firm

Course Description

Course information provided by the 2026-2027 Catalog.

This course introduces the foundations for best management practices when it comes to recruiting, retaining, and motivating a productive workforce. This course holds a magnifying glass up to the workplace, zooming in on the daily interactions within a firm, between management and employees, from recruiting talent to engaging in layoffs, in setting pay and bonuses to establishing working conditions. By introducing real-life applications, explore theories of the workplace, and bridge modern research from the field at the frontier of personnel economics, we will cover topics such as: how employers choose whom to interview and hire, how bosses can motivate employees, how workers value non-wage amenities such as organizational culture, and how new technologies such as remote work and AI factor into each of these dimensions.

Prerequisites ECON 3030 or ILRLE 2400.

Enrollment Priority Open to: undergraduate sophomores, juniors and seniors.

Distribution Requirements (ICE-IL, QP-IL)

Last 4 Terms Offered (None)

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