Personnel Economics

Neilson is the first Personnel Economics text written specifically for economics majors, and is the only undergraduate text on information economics. Students love this course because it is so applied-everyone is involved in an employment relationship at one time or another, and the students learn what strategies employers use as well as how employees should respond to them. Professors love it because they get to teach what Micro economists actually do: principal-agent problems, signaling problems, repeated games, bargaining, and much more.Neilson is the first Personnel Economics text written specifically for economics majors, and is the only undergraduate text on information economics. Students love this course because it is so applied-everyone is involved in an employment relationship at one time or another, and the students learn what strategies employers use as well as how employees should respond to them. Professors love it because they get to teach what Micro economists actually do: principal-agent problems, signaling problems, repeated games, bargaining, and much more. Do you wish you had a book for Personnel Economics aimed specifically at Economics majors?· Neilson is the first Personnel Economics text written specifically for economics majors. The text begins with a chapter reviewing optimization without calculus (Chapter 2). This will be a review chapter for every student who has ever taken an economics course. Would you like to teach information economics via personnel economics? · Because Neilson is the first Personnel Economics text written specifically for economics majors, and is the only undergraduate text on information economics this text will not only appeal to the small subset of Labor Economists in the Economics department, but to Mico Theorists, as well. See chapters 5, 8, and 9 in the Table of Contents.How do you like or would you like to organize a course of this type? · Organization: The book is loosely organized around the two major topics of paying and hiring employees. The compensation section can be subdivided into a section on piece rate pay and a section on other, more strategic methods of compensation. The hiring section can be subdivided into one on adverse selection, one on finding a job and negotiating a contract, and one on other, less information-based topics. The text contains two tools chapters, one on optimization, but without calculus, and one on game theory. Show this with the TOC. How do you cover performance pay with your current text? · Deep coverage of Performance Pay in Chapters 4-7. The existing competitor in this market does not get this deep, and this weakness makes Neilson the better book for Economics Departments. Would you like to cover game theory, finitely-repeated games, have analytic coverage of tournaments?· See Chapters 8-10. This coverage is superior to the existing competitor, again, because it is aimed at Economics majors rather than business majors. It allows the micro theorist to discuss applied topics with the class.