Reflective essay (HRM)

2 - Written assignment (including essay) - 50

Case study (Economics)

1 - Written assignment (including essay) - 50

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Content outline for Economics 
<ul><li>The market mechanism; supply and demand; consumer demand elasticities. </li><li>Firm costs and profit maximisation; price discrimination strategies.  </li><li>Competition and market power: monopoly; oligopoly and strategic behaviour; game theory. </li><li>Behavioural economics and ‘nudging’. </li><li>Comparative advantage and the case for free trade. </li><li>Market failures and government policies for addressing them.   </li><li>Recessions and booms. The classical model and “laisser faire”. The Keynesian revolution, fiscal and monetary policy. </li><li>Inflation: causes and policies for control; central bank independence; supply-side policies.  Exchange rates and deciding on a single currency.   </li></ul>
Content outline for Human Resources Management 
<ul><li>Choosing an HR strategy to support organisational performance </li><li>Resourcing the organisation - understanding both the internal and external labour markets to ensure a supply of enough of the right abilities </li><li>Developing talent and abilities of employees to adapt to changing organisational needs </li><li>Designing a performance management system and reward system which produces the desired motivational impact on current and potential employees </li><li>Communicating and consulting with employees to navigate organisational change </li><li>Establishing a relationship with employees which supports employee engagement, fair treatment, inclusivity and employee well-being. </li></ul>

Feedback is provided in a number of ways throughout your module. This includes feedback you receive during teaching from both peers and lecturers and that provided for formative assessment. Following an assessment, you will be given your marks and feedback in line with the assessment regulations and policy. More information on the timing and type of feedback that will be provided for each assessment will be available from the module leader. <a href='https://www.citystgeorges.ac.uk/about/governance/policies/student-policies-and-regulations'>https://www.citystgeorges.ac.uk/about/governance/policies/student-policies-and-regulations</a>

This module will support the development of all the graduate attributes. Your module leader will provide you with information about how your learning, teaching and assessment activities support your development of these attributes. The graduate attributes are: - Always learning - Engaged in the world - Technical and digital - Connected Professional - Creating Impact

In-Person - 

Self-directed - 

The SAGE Handbook of Human Resource Management

Economics: A Primer

An Introduction to Human Resource Management

Microeconomics for Managers: Principles and Applications

Economics for Business 

Macroeconomics.

EMM108 - Managerial Economics and HRM for leaders

EMM108-PRD1-PER-ALV1

The module will be delivered through a mix of lectures, class discussion and self-directed learning.
You are encouraged to make use of internet and media based sources to feed into the learning process and class discussions, as well as accessing Moodle based resources and activities. You are also expected to devote an equivalent amount of learning time in private and/or group study and to work on the suggested exercises.

Managerial Economics and HRM for leaders

Debate practical issues facing managers concerned with how to manage people and organisations in the global workplace. 

Knowledge

Analyse the role and contribution of HRM in supporting sustainable competitive advantage 

Assess the importance of effective line management in ensuring that organisations get the best from their people 

Debate and critically analyse  economic concepts: price mechanisms, market structure, competition policy, trade employment, inflation and exchange rates, while applying economic models to business challenges 

Develop confidence in analysing economic issues, making coherent recommendations and presenting findings using a full range of media.  

Values and attitudes

Be prepared for the real world of complex decision-making and critical thinking, considering ethical dimensions and the influence of social relations on economic choices.  

Assess internal decision-making and the impact of economic policy on firm decisions. 

Skills

Examine the relationship between government and the firm, and government and the market. 

Reflect on the relationship between economic mechanisms and business, balancing ethical and economic objectives in decision-making. 

Recognise and adapt HR policies, procedures and practices to support specific business/organisational needs and strategies, and in specific industry, organisational and cultural contexts 

Reflect on ethical standards for people management, ensuring fairness, inclusion and respect for employees’ rights in diverse cultural contexts. Recognise stakeholder interests and implement effective HR practices tailored to specific contexts. 

Assess the firm’s broader economic impact and consider government policy from an economic viewpoint. 

Apply economic theory and models to assess external influences on the firm and recommend financial strategies and requirements. 

Apply HR frameworks to analyse people issues and use HR knowledge to solve problems with effective techniques. Choose HR practices that support stakeholder interests and enhance skills in resourcing, developing and supporting employees for optimal performance. 